Drake reveals losing $8 Million in sports gambling, weeks after betting $750K on Royal Challengers Bengaluru: ‘So fried right now’

Drake reveals losing $8 million in the betting market

On June 18, the rapper took to Instagram Stories and shared a screenshot of his latest financial losses, saying, “Gotta share the other side of gambling… Losses are so fried right now.” Over the past month alone, the rapper has reportedly placed nearly $125 million in bets.  One of those bets was a massive $50 million wager placed last week, where he ended up losing $5 million. He continued, “I hope I can post a big win for you all soon, cause I’m the only one that has never seen a max these guys max once a week.” Drake had earlier placed a $750,000 bet on a cricket match, backing the Royal Challengers Bengaluru against the Punjab Kings. A few months back, he put $1.25 million on the Toronto Maple Leafs in the NHL playoffs. They lost badly. He lost even worse.

Drake lost $124m in a month to gambling.

If he continues like this,sooner or later he’ll be in debt. That’s 2billion naira gone. pic.twitter.com/keXjRZtc33

— Ser Chukwuka (@official_papson) June 19, 2025

Fans are even joking that his curse turned on him instead, and the Toronto-based rapper didn’t shy away from accepting that fact as well. He even joked in a recent promo video for Stake, his betting partner, with whom he is currently locked in a one-year endorsement deal, that he’s a flawed sports bettor. In the video, he said, “I will not deny that. That’s not my gift. I’ll let everybody roll with it. I’m sure if you’re a Drake curse believer, there will be plenty more content in the future to confirm your theories because my slips do not cash out. But one day I’m gonna have a parlay that’s insane.”

Also read: Drake warns fans his ‘next chapter’ may leave them ‘feeling uneasy’ in cryptic post alluding to Kendrick Lamar beef

Last month, the Hotline Bling crooner, to everyone’s surprise, actually blamed Justin Bieber for one of his failed bets. Drake had placed $1 million on the Maple Leafs again, and Bieber showed up during the game. The team lost. Drake wrote “Bieber curse” in a story, blaming him for the loss. But despite this, Drake admits he is not the ‘gambling king’. He openly admits that Michael Jordan beats everyone, calling him the “real-life gambling GOAT (greatest of all time)”, saying that he has an ability to “gamble on anything.” Drake said MJ once wouldn’t stop betting him during a ping-pong match—”$10,000, $20,000, again and again.”

Meanwhile, some netizens weren’t exactly kind to Drake’s recent admission of loss. Many called him out for throwing away millions while people are struggling to survive. One user called him a “Certified Loser Boy,” and others labelled him a gambling addict.