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Drake Posts $8.25 Million Gambling Losses Following New NBA Finals Bet

His Instagram reveal underscores the risks of high-stakes crypto gambling fueled by celebrity endorsements.

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Overview

  • Drake’s Instagram screenshot showed $8,253,686 in losses and $124.5 million wagered over the previous month on Stake.
  • He placed two bets totaling $800,000 on the Oklahoma City Thunder to win Game 6 of the NBA Finals.
  • The rapper reportedly earns $100 million annually endorsing Stake, a crypto-only casino that accepts Bitcoin, Ethereum and Dogecoin.
  • His recent losses follow earlier seven-figure bets, including $1 million on the Toronto Maple Leafs and $1.2 million on Jake Paul vs. Tommy Fury.
  • Drake has called himself a “flawed” sports bettor and said he hopes to share a big win with fans soon.