Drake has lost big time on the Anthony Joshua vs. Francis Ngannou fight, to the tune of over six hundred thousand bucks.
Joshua won the fight, which happened on Friday (March 9), by knocking out Ngannou in the second round.
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As a result, the 6 God — who had bet $615,000 on Ngannou — lost all his money.
Had the bet panned out in his favor, though, Drake would have taken home a handsome $1.9 million payday.
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On Friday (March 8) Drake shared a screenshot of his bet on the fight.
The photo documents that he’d bet $615,000 on Ngannou to win, even though Joshua was a heavy favorite. So heavy, in fact, that the rapper stood to make 3.1 times his money if Ngannou won.
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“Betting on a scary man,” Drake captioned his post. He also mentioned Stake, the betting platform on which he placed his wager.
According to a 2023 Financial Times article, the rapper is reportedly paid $100 million a year to endorse the online casino, in which bets are primarily made in cryptocurrency (though the process is a little more complicated in the United States).
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The website Casino.org noted in a recent piece that “Many bettors now believe that the money Drake gambles on the site is in fact deposited by Stake itself.” His bets are so big that he wagered cryptocurrency worth over $1 billion in just two months.
The Joshua/Ngannou fight was far from the first high-profile bet Drake has placed using Stake. In January, he bet $700,000 on a UFC championship match.
The following month, there was a $1.1 million wager on the Super Bowl (which he won) — which itself was a follow-up to an earlier seven-figure NFL bet that netted him $2.1 million.
In addition to sports betting, the superstar also plays for big bucks at Stake’s online casino, as could be seen in a big July 2022 night with French Montana
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At one point in the evening, Drake won $12.96 million and $11.95 million on individual bets — both on the same number.
The superstar’s balance reached almost $27.2 million — over triple the $8.5 million he started with — but in the end, it proved to be a brutal night at the table, as he finished the event with just $1,879 in his account.
