Jay-Z Applies For Sports Betting License In New York

Jay-Z Applies For Sports Betting License In New York

Plenty of rappers have turned spitting rhymes into empires worth multiple millions of dollars. There is a select few that have become true business moguls. Jay-Z may be the best known of that latter group.

Hova’s next business move could be a step into the sports betting world in New York. According to TMZ, he and Michael Rubin, a part-owner of the Philadelphia 76ers, have applied for a sports betting license in the Empire State. Their intention is to launch Fanatics Sportsbook.

The duo is one of six groups applying for licenses. TMZ was told that at least two of the groups would be given licenses. While the other applicants include major names in the sports betting space, like FanDuel, DraftKings, BetMGM, Caesars Sportsbook and WynnBET, Fanatics’ bid is the only one that includes a prominent public figure and the only one that includes a Black applicant, making it a possible favorite.

This would not be the first time Jay-Z has been in the gambling business. His 40/40 Clubs in Las Vegas and Atlantic City had gaming licenses as well. Those clubs were closed in 2008 and 2014 respectively.

Fanatics does a lot of advertising in the sports world. Jay-Z has a major public profile. If he and Rubin are successful, it wouldn’t be hard to imagine Fanatics Sportsbook being the next to pursue major content and media partnerships.

Naomi Osaka held her first press conference since May on Monday. All went well until Cincinnati Enquirer Paul Daugherty asked a question.

While the exact wording is unknown, New York Times tennis reporter Ben Rothenberg characterized it as “a fairly aggressively toned question about how (Osaka) benefits from a high-media profile but doesn’t like talking to media.”

The WTA moderator paused the press conference. Osaka left the room, recollected herself, and returned to answer the remaining question in English.

— Ben Rothenberg (@BenRothenberg)

In May, Naomi Osaka chose to bow out of the French Open over mental health issues she said were related to answering questions in press conferences after matches. It caused a stir in the sports media, with writers and broadcasters taking hardline stances on one side or the other. Even here at Barrett Sports Media, our writers Jay Mariotti and Demetri Ravanos saw things very differently.

Clearly Osaka’s decision was something that Paul Daugherty thought she needed to answer for. Rothenberg says that what made it frustrating for those that were part of the press conference was that the question itself was not a bad one. The problem stemmed from Dougherty, a reporter that doesn’t cover tennis, looking for a confrontation.

Osaka’s agent Stuart Duguid told Rothenberg “The bully at the Cincinnati Enquirer is the epitome of why player / media relations are so fraught right now. Everyone on that Zoom will agree that his tone was all wrong and his sole purpose was to intimidate. Really appalling behavior. And this insinuation that Naomi owes her off court success to the media is a myth – don’t be so self-indulgent.”

This content was originally published here.

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