Jay-Z loses NY sports betting bid as David Portnoy faces sex claims



The state gaming commission is meeting Monday to select two groups to offer mobile or online sports betting in New York — but the team that includes rapper-mogul Jay-Z, Fanatics and Barstool’s Sportsbook will not be one of them, The Post has learned.

The elimination of the Jay-Z group comes days after several women reportedly accused Barstool founder David Portnoy of unwanted overly rough and violent sex. Portnoy has denied the allegations.

A gaming source said Monday the Jay-Z, Barstool group was not selected for a license. It ranked fourth behind another group, Bet 365, the insider said.

As The Post first reported last week, the gaming commission is recommending two groups to launch online sports betting: the consortium of Bally Bet, BetMGM, DraftKings and FanDue; as well as the group of Caesars, Wynn Interactive, Empire Resorts, PointsBet and Rush Street Interactive, sources said.

Online sports betting is likely to be up-and-running in New York before kickoff for this year’s Super Bowl, source told The Post.

Once officials give the green light, New York expects $10 billion in sports betting next year, with the nearly $1 billion in expected profits split between the state and the operators.

Barstool Sports' David Portnoy was accused of unwanted overly rough and violent sex which he has denied.
Barstool Sports’ David Portnoy was accused of unwanted overly rough and violent sex which he has denied.
Robert Miller

The companies selected by New York have agreed to fork over 51 percent of their profits to the state, according to a source familiar with the matter — a split that far outpaces the take in most states where online sports betting is legal.

To compare, New Jersey online sports betting operators share 13 percent of their profits with the state. Connecticut charges operators 13.75 percent. Thirteen other states range from Iowa, which charges 6.75 percent, to Pennsylvania, which charges 34 percent.

The only state with a take similar to New York is New Hampshire, which also charges 51 percent.

Barstool and the gaming commission had no immediate comment.


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