JAY-Z has decided to bet big money on the outcome of the NBA Finals.
The former Brooklyn Nets co-owner has wagered $1 million through Fanatics Sportsbook that the Oklahoma City Thunder will defeat the Indiana Pacers within five games.
If Jay’s bet comes off, he could pocket more than $3 million.
However, with the Pacers winning the first game in the series, the rap legend would need the Thunder to win four games in a row to win the bet.
Jay is also a partner in Fanatics Sportsbook and has a number of business partnership with founder Michael Rubin.
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The Roc Nation founder is also known to host high stakes blackjack tournaments, often in the aid of the REFORM Alliance organization which he founded with Rubin.
In September 2023, JAY and Meek Mill threw quite the star-studded bash to raise money for it, and the 007-themed party drew out all the Hip Hop big guns.
Page Six reported that the blackjack party, held in Atlantic City, NJ, on September 30, 2023, drew out Tom Brady, Kim Kardashian, Lala Anthony, and more. The buy-in was $100,000 per play, with all proceeds going to the criminal justice reform organization.
The night also drew out performances from Quavo and Travis Scott, and other A-listers like Derek Jeter also made an appearance.
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Page Six revealed that there were 10 to 15 helicopters chauffeuring guests from New York City airports to Atlantic City throughout the night.
“It was Jay’s idea to make a really small, incredibly exclusive event with the best people in the world,” a source said. “You can’t buy your way into this party.”
Jay has also been looking to get into the casino business and has proposed opening up a gambling establishment in Times Square.
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The Brooklyn-bred billionaire joined forces with SL Green and Caesars Entertainment in a bid to erect a swanky, boutique-style casino at 1515 Broadway office tower, which is already owned by SL Green, NYC’s largest commercial landlord.
As part of the partnership, JAY-Z and his team will oversee entertainment programming at 1515 Broadway, as well as at SL Green’s six other properties in Times Square.
However, Jay faces competition for the license from old rival Nas and his business partners.
