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Drake Reports $8 Million Loss in Month of High-Stakes Sports Bets

He placed close to $125 million in wagers via Stake.com, underscoring his continued betting spree despite mounting losses.

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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 revealed $8.2 million in losses over the past month after placing nearly $125 million in bets on sports events.
  • He wagered $800,000 on Game 6 of the NBA Finals, splitting $600,000 on an Oklahoma City Thunder win and $200,000 on a 6–10 point margin.
  • His bets have spanned multiple sports, including a $750,000 stake on the IPL’s Royal Challengers Bengaluru.
  • As a paid endorser of crypto-focused Stake.com, he reportedly earns about $100 million a year from the partnership.
  • Drake has publicly called himself a “flawed sports bettor” and fans continue to cite the so-called “Drake curse” after his major losses in hockey, boxing and UFC events.