Drake shares receipts of $8 million in gambling losses
Money apparently ain't a thing for Drake as the hip-hop superstar revealed he lost more than $8 million in a single month, all thanks to sports betting.
The 'Once Dance' rapper took to social media Wednesday night to share the receipts of all the money he's lost from gambling on the crypto betting site Stake, which he's been a partner of for the last three years.
'Gotta share the other side of gambling…' he wrote on his Instagram story alongside a screenshot of his losses.
According to his post, Drake placed nearly $125 million in bets over the past month, resulting in a loss of $8.2 million. While he didn't specify which specific wagers led to his financial misfortune, the NBA and NHL playoffs have both been in full swing in the last four weeks.
In another Instagram post, the 38-year-old revealed an $800,000 bet on Game 6 of the NBA Finals on Thursday. With the Oklahoma City Thunder leading the series over the Indiana Pacers, Drake placed $600,000 on an OKC win and another $200,000 on them winning by a 6-10 point margin. The Pacers ended up winning handily, 108-91.
Last month, the rapper bet $1.25 million on the Toronto Maple Leafs to win Round 2, Game 7 of the NHL playoffs and advance to the Eastern Conference Final — only for his hometown hockey team to miss the mark to the Florida Panthers.
According to Forbes, Drake has an estimated net worth of $49 million, though that figure was last reported in 2020. It's believed his current net worth is closer to $250 million.
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