Shawn “Jay-Z” Carter and Philadelphia 76ers part-owner Michael Rubin are part of a larger group that has applied for an online sports betting license in New York. If approved for the license, the group plans to form Fanatics Sportsbook.
Carter and Rubin’s application is one of six being reviewed by the New York State Gaming Association. In December, the NYSGA is expected to select four of the six applications for approval. From there, the selected groups are expected to put together four sportsbook platforms. By February 2022, New York regulators expect to launch the state’s online betting market.
“Fanatics Sportsbook will use one of the largest sports fan databases in North America and proven sports betting platform and player account management technology to operate sports wagering in New York,” the group stated.
Carter and Rubin have partnered with Kambi, a sports betting technology provider. The group also includes Penn National, Barstool Sportsbook’s parent company. Their group is competing with a collective that includes FanDuel, DraftKings, BetMGM and Bally’s. Another group includes the New York Yankees, Buffalo Bills, Buffalo Sabres, New York City FC and the YES Network. Caesars, Wynn, Rush Street and PointsBet also came together to submit a bid.