Drake Loses $565,000 on Tyson Fury Boxing Bet

Canadian rapper Drake lost $565,000 betting on Tyson Fury to defeat Oleksandr Usyk in their heavyweight championship fight on May 18, 2024.

The Ukrainian boxer won by split decision at Kingdom Arena in Riyadh, Saudi Arabia, becoming the first undisputed heavyweight champion in 24 years.

Drake posted his betting slip on Instagram Stories before the fight, showing his wager through the online platform Stake. Had Fury won, Drake would have collected over $1 million. The loss continued his documented pattern of high-stakes gambling setbacks.

Drake’s Gambling Numbers

Drake‘s gambling extends beyond single fights. In June 2024, he posted monthly gambling data on Instagram showing $8.2 million in losses after placing $124.5 million worth of bets in one month. This equaled 6.6% of his total wagering for that period.

Industry tracking shows Drake has placed over 70 public bets totaling more than $30.3 million since 2021. He won 26 of those documented wagers, a 28.9% success rate. His average bet reaches $433,000, with nine bets exceeding $1 million.

His 2024 losses include $355,000 on Mike Tyson versus Jake Paul, $700,000 on Sean Strickland against Dricus du Plessis, and the $565,000 Tyson Fury bet. These contributed to $1.59 million in documented losses for 2024.

Financial Impact Data

Drake‘s partnership with Stake is reportedly worth $100 million. The platform recorded gross revenue of $2.6 billion in 2022.

Drake’s biggest win came in February 2024 when he wagered $1.15 million on the Kansas City Chiefs winning Super Bowl LVIII. That bet generated approximately $2.3 million in returns.

His boxing bets show poor results. Drake lost $890,000 betting on Logan Paul to knock out Dillon Danis in October 2023. Paul won by disqualification rather than knockout, which invalidated the bet conditions.

Drake‘s documented monthly gambling volume of $124.5 million would equal $1.4 billion annually if sustained. His total losses represent less than 4% of his reported $250 million net worth.

The “Drake Curse” refers to teams or fighters he frequently backs losing. His documented betting record shows a 28.9% win rate, supporting this observation.

Drake represents part of a broader trend among celebrities who gamble. Charles Barkley revealed that he lost $25 million gambling over his career, including $2.5 million in one night. Michael Jordan reportedly lost $5 million in a single Las Vegas craps session. Tiger Woods played blackjack with bets up to $25,000 per hand at the MGM Grand.

Industry data shows celebrity gambling behaviors influence broader patterns. Since 2018, sports betting addiction rates have grown 30% nationally. A National Council of Problem Gambling study found 16% of Americans met clinical criteria for gambling disorder. Internet searches for gambling addiction help increased 23% nationally since 2018, totaling 6.5 to 7.3 million searches.

Research shows sports betting carries higher addiction risks than other gambling forms. Studies show 16% of online sports gamblers met clinical criteria for gambling disorder, with another 13% showing warning signs. Among professional athletes in Europe, 57% gambled on sports in the previous year, with 8% exhibiting problem gambling behavior.

Some of the gamblers actually seek privacy and peace, and that way leads them to the UK Online Casinos Not On GamStop, where not-so-strict rules can be matched with safety measures.

Economic data reveals the scope of celebrity-driven gambling culture in regulated and unregulated areas. Americans wagered $119.84 billion on sports in 2023, representing a 27.5% increase from the previous year.

The global online sports betting market yields $50 billion annually, with U.S. operators reporting $13.7 billion in gross revenue for 2024.