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Drake Reports $8 Million Loss After Nearly $125 Million in Bets

He shared the figures in an Instagram Story to highlight the risks of high-stakes wagering as he promotes his endorsement deal with Stake.

Overview

  • Drake’s Instagram Story revealed losses of $8,253,686 after he placed about $124.5 million in bets over the past month
  • He recently wagered $800,000 on Game 6 of the 2025 NBA Finals, splitting $600,000 on an Oklahoma City Thunder win and $200,000 on a 6–10 point margin
  • His history of betting setbacks includes a $1 million loss on the Toronto Maple Leafs in the NHL playoffs and $1.2 million on the Tommy Fury vs. Paul boxing match
  • The rapper has admitted to being a “flawed sports bettor” and continues to post his wagers publicly, reinforcing the popular lore of the “Drake Curse”
  • Drake’s partnership with crypto betting platform Stake pays him roughly $100 million a year, and he remains active in high-stakes sports gambling despite mounting setbacks