Drake has issued a warning to fans after revealing the true extent of his gambling losses.
The Passionfruit singer, 38, shared the reality behind the amount of cash he had lost through gambling as he shared a screengrab on Instagram – revealing he had lost $8million (£5.97million) in just one month.
Addressing his 142million Instagram followers, he said: “Gotta share the other side of gambling… Losses are so fried right now… I hope I can post a big one for you soon cause I’m the only one that has never seen a Max these guys Max once a week.”
Toronto-born singer Drake, real name Aubrey Drake Graham, went on to share his latest bet on an NBA game, putting down a huge $800,000 (£596,400) through two wagers.
It comes after a long and horrendous streak for Drake, who lost a $1million bet just a month ago, which he blamed Justin Bieber for. The music producer had bet on the Toronto Maple Leafs claiming victory in May against the Florida Panthers in the NHL. They ended up losing 6-1.
Following the defeat, Drake joked that Justin’s presence at the arena had been a ‘curse’.
Drake previously admitted that he is a “flawed” better. He said: “I am a flawed sports better. I will not deny that. That’s not my gift.” He added: “I’ll let everybody roll with it.”
He added: “I’m sure if you’re a ‘Drake curse’ believer, there’ll be plenty more content in the future for you to confirm your theories cause for whatever reason my slips do not cash out. But one day I’m gonna have a parlay that’s insane.”
Back in November, Drake also lost a major $355,000 (£264,652) bet back in November after Jake Paul defeated Mike Tyson during their controversial fight in Texas.
He posted his bet online, showing he was confident Tyson, 58, would beat Paul, 27. The odds for a Tyson win were at 2.85 at the time of Drake’s bet, meaning the could have won a massive $1,011,750 (£802,116), making a profit of $656,750 (£520,672).
But Drake lost the bet after Paul was announced as the winner of the fight, which was shown live on Netflix. Prior to that, Drake lost a number of other huge bets, including $1million (£790,000) for Argentina to beat France within 90 minutes at the 2022 World Cup final – which Argentina won during extra time.
In 2023, Drake also lost another massive bet when he dropped $1.2million (£950,000) on boxer Paul to defeat Tommy Fury. Earlier in 2024, Drake put down $565,000 (£448,000) to back Tyson Fury in his heavyweight bout with Oleksandr Usyk – but he lost that too. However, one of the bets the rapper shared with his followers on Instagram saw him win $425,000 (£336,780) when Alex Poatan beat UFC rival Jamahal Hill on April 13.
While Drake often shares his massive bets online, he is also a paid endorser of betting website Stake, which was co-founded by Australian billionaire Ed Crave. Being an endorser of the crypto-only casino means Drake is not likely to use his own money for the bets he posts online.
Stake – which is banned in the UK – allows players to use cryptocurrencies including Bitcoin, Ethereum, and Dogecoin as assets for online gambling and for placing sports bets. The company operates under the jurisdiction of the Caribbean island nation of Curaçao.
