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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.

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HOUSTON, TEXAS - MARCH 16: Rapper, songwriter, and icon Drake attends a game between the Houston Rockets and the Cleveland Cavaliers at Toyota Center on March 16, 2024 in Houston, Texas. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Carmen Mandato/Getty Images)
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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