Drake doesn’t have a minor sports betting problem. He appears to have a major one.
It’s not just that the 38-year-old Canadian rapper is bad at it, or at least forthcoming when he loses. He bets a lot. A lot a lot.
Yes, after, winning five Grammys, amassing more than 115 billion streams and broadening into tech investment and fashion, he has the loonies and toonies to spend. His net worth was $250 million in 2024, according to Forbes.
But according to a recent Instagram post, he wagered $125 million and lost $8 million just in the last month. He pledged to keep grinding, which he can afford for now, but most of those watching this glorified empire-liquidation can’t and shouldn’t be encouraged to aspire to it.
“Losses are so fried right now … “
Drake
“Gotta share the other side of gambling…,” said the post. “Losses are so fried right now 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.”
Among Drake’s recent disastrous bets was a $1.5 million loser on the Toronto Maple Leafs to advance to the NHL’s Eastern Conference Finals. They lost Game 7 to the eventual Stanley Cup champions Florida Panthers.
Certainly, he must win sometimes. But someone needs to get his phone and delete the sportsbook apps –especially Stake, with which Drake has a endorsement deal.
Does Stake, which is based in Curacao and not regulated in Canada, even have to send him a check anymore?
For his part, Drake vigorously defends his wagering activity — like an addict would — and encourages fellow bettors to keep fading his picks.
In another Stake-branded post, he admitted: “I am a flawed sports bettor. 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.”
Two other notable recent wagers:
- $600,000 on an Oklahoma City win to finish the NBA Finals in Game 6. It didn’t happen.
- $200,000 on the Thunder winning that game by 6–10 points. Indiana won 108-91. (Drake would have pocketed $1.7 million if both hit).
Maybe its a good thing Kendrick Lamar keeps hammering Drake in their one-sided rap battle. It’s an impetus to produce some new material and more streams. Better hurry up because football season is coming.
Better yet, somebody slow him down.
