Drake's $750,000 Bet on IPL and $8 Million Loss: A Look into the Rapper's Sports Gambling Journey
Drake, the Canadian rapper, is well-known for his interest in sports gambling. Recently, he placed a massive $750,000 bet on Royal Challengers Bengaluru to win the Indian Premier League (IPL) trophy on the betting platform Stake. Despite this, Drake revealed that he has lost a staggering $8 million in sports gambling, sharing a screenshot of his Stake account on his Instagram Story.
In the post, Drake acknowledged the downside of gambling, stating that losses are currently high. The rapper has reportedly placed bets totaling nearly $125 million and expressed his hope for a big win in the future. He also humorously criticized the betting platform in a video on his Instagram Story, suggesting that gambling addiction is a ploy created by platforms like Stake to prevent players from winning.
Following his previous celebration of RCB's victory in the IPL 2025 finale, where he won $1.312 million, Drake's extensive betting on various sports events appears to have contributed to his significant loss. Despite this setback, Drake continues to stay positive and focused on moving forward.
In addition to his gambling activities, Drake has recently been featured on Canadian rapper Smiley's latest album, marking his first collaboration since February. Stay updated on the latest Business News, Budget 2025 updates, Sensex, Nifty, and Personal Finance insights by visiting Moneycontrol or downloading the Moneycontrol App for expert opinions and tax queries.