HomeHip HopJay-Z’s Pockets Takes An L After Betting $1 Million On The Pacers

Jay-Z’s Pockets Takes An L After Betting $1 Million On The Pacers

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Supply: Tim Mosenfelder / Getty

Jay-Z’s playoff gamble simply took successful after the Indiana Pacers beat the Oklahoma Metropolis Thunder in Recreation 3 of the NBA Finals, placing the Pacers up 2-1 within the sequence. 

The Thunder’s loss didn’t simply damage their title hopes; it value Jay a $1 million guess. Earlier than the Finals began, Jay positioned a $1 million wager via Fanatics Sportsbook that the Thunder would take down the Pacers in simply 5 video games. That prediction is now unattainable, with Indiana already successful two video games. Consequently, Jay’s guess is formally a loss.

If issues had gone his manner, the Roc Nation founder would’ve walked away with over $3 million. However whereas the loss stings, it’s not precisely devastating. Jay is a companion in Fanatics Sportsbook, and he’s shut mates with its founder, Michael Rubin. The 2 have labored collectively on a number of enterprise offers, together with the REFORM Alliance, a felony justice reform group they launched with different large names.

Hov is not any stranger to high-stakes playing both. He’s recognized for throwing invite-only blackjack tournaments, usually tied to elevating cash for REFORM. So whereas this specific guess didn’t go his manner, it’s extra of a blip than a significant blow. The Finals are nonetheless removed from over, and whereas the Thunder have some work to do, don’t count on Jay to cease betting large anytime quickly.

In different information, Jay-Z and his spouse Beyoncé turned their London live performance right into a household celebration by giving their twins, Rumi and Sir Carter, a particular birthday second. Throughout evening 4 of the Cowboy Carter tour at Tottenham Hotspur Stadium on June 12, which occurred to be the twins’ eighth birthday, Beyoncé paused the present to shine the highlight on her youngest children. Even in the midst of a large world tour, Beyoncé made certain her children felt the love, from her and Jay for one evening.

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