Drake Just Lost More Than $230K on a Bet

At the 2017 Billboard Music Awards, Drake took home 13 awards, becoming the first artist to win that many trophies in a single night. The “Best I Ever Had” singer has received 47 Grammy nominations with four wins, his most recent for the 2019 Best Rap Song, “God’s Plan.”

Drake smiling
Drake | Leon Bennett/Getty Images

While the Canadian rapper is a winner when it comes to his music, his luck recently ran out when he lost more than $230,000 on a high-stakes bet.

Drake is not new to sports betting

The “Hotline Bling” performer has a history of betting large amounts of cryptocurrency on sporting events.

In 2019, Drake placed a $1.3 million Bitcoin bet for Odell Beckham Jr. to score a touchdown and the Los Angeles Rams to win in Super Bowl LVI. According to Yahoo Sports, when the Rams defeated the Cincinnati Bengals 23 to 20, the Degrassi: The Next Generation actor won an astounding $2.3 million in Bitcoin.

Earlier this month, Drake bet $400K in Bitcoin that the Toronto Maple Leafs and Tampa Bay Lighting would go seven games in the NHL Playoff series. According to the Toronto Sun, “After Toronto lost 4-3 in overtime, Drake walked away with $1.2 million.”

Does Drake have a curse?

On May 22, 2022, the world-renowned rapper placed a $230,000 (300,000 Canadian dollars) bet on Stake, a cryptocurrency betting platform. His money was on Charles Leclerc to win the Spanish Grand Prix. The “Jumpman” singer posted on his Instagram account, “First F1 bet, let’s see how it goes.” Apparently, not so well.

According to Page Six, the Formula 1 driver “was leading the world championship when Drizzy placed the bet.” The Ferrari ace unexpectedly lost his lead after experiencing engine failure and was unable to finish the race.

While Drake took the loss in stride, online rumors persist that Drake has a curse and is negatively affecting the teams and players he supports in his betting practices.

According to The Sports Geek, “The Drake Curse began when teams that the rapper supported in big sporting events lost their games.” It started in 2013 with the Miami Heat loss to the San Antonio Spurs in the NBA Finals. The “Nice for What” singer is blamed for the Kentucky Wildcats, the University of Alabama Crimson Tide, Serena Williams, and boxer Anthony Joshua losing.

In March, MMA fighter Jorge Masvidal lost by unanimous decision to Colby Covington at UFC 272 after Drake bet $275,000 on the fight. With 5/2 odds and Masvidal considered the underdog, the performer stood to make $1 million if the fighter won.

According to the Mirror, at a post-fight press conference, after winning the bout, Covington mocked, “Let’s talk about all the money that Drake lost tonight, he needs to go back to selling those s***** albums to get back the money.” The fighter continued, “Drake you suck at sports betting!”

One of the richest rappers in the world 

Drake recently inked a $400 million deal with Universal Music Group that includes publishing rights and a “long-term worldwide partnership.” The “Work” singer is consistently listed as one of the highest-paid rappers in the industry, earning approximately $70 million each year.

Drake has sold 163 million digital singles to date, more than any other artist in history. With 26 million albums sold, he is ranked as the 80th highest-selling musician of all time and is the third-best-selling Canadian artist behind Shania Twain and Celine Dion.

According to Celebrity Net Worth, Drake has an estimated net worth of $250 million. “Since first gaining mainstream success, Drake has earned more than $430 million in his career before taxes and lifestyle costs.”

With that kind of disposable income to throw around, a $230K gambling loss isn’t likely to set the “Money In The Grave” singer back too far.

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