Latest news with #Stake
Yahoo
8 hours ago
- Entertainment
- Yahoo
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.
India Today
14 hours ago
- Entertainment
- India Today
Drake loses $8 million in sports gambling: Hope I can post a big win
Apart from music, rap superstar Drake is also known for his high-stakes sports gambling. From the NBA to cricket, the Canadian rapper is often seen at major global events, betting huge amounts on games. He recently opened up about the downside of such gambles, revealing that he lost eight million in a single an Instagram story, Drake shared a screenshot of his Stake account, writing: 'Gotta share the other side of gambling. Losses are fried right now.' The 38-year-old has reportedly placed nearly 125 million in bets. '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 (sic),' he added. Drake shared a screenshot of his financial losses. (Photo Credit: Instagram/champagnepapi) advertisementEarlier this year, Drake placed a $750,000 bet on Royal Challengers Bengaluru against the Punjab Kings in the Indian Premier League final. Following his social media post, fans joked that the rapper's infamous curse had turned on him. The 'Drake Curse' is a pop culture phenomenon based on the idea that any athlete or team he supports usually ends up Toronto-based rapper hasn't shied away from acknowledging that reputation. In a recent promo video for Stake, he even joked about being a flawed bettor: 'I will not deny that. That's not my gift. I'll let everybody roll with it. I'm sure if you're a Drake Curse believer, there will be plenty more content in the future to confirm your theories, because my slips do not cash out. But one day I'm gonna have a parlay that's insane,' he the work front, Drake recently featured on Canadian rapper Smiley's latest album 'Don't Box Me In'. It marked Drake's first feature since PARTYNEXTDOOR's '$ome $exy $ongs 4 U' back in February this Watch
Yahoo
18 hours ago
- Entertainment
- Yahoo
Drake Laments The 'Other Side Of Gambling,' Revealing Almost $20M Loss: 'So Fried Right Now'
is speaking up about the not-so-glamorous parts of gambling, admitting that he has suffered some big losses. In recent years, the rapper has become the face of gambling following a multi-million-dollar deal with the online Casino company, Stake. However, in an unprecedented move, Drake, who bragged about taking home $40 million just months ago, decided to be relatable to his fans in a recent post. In an Instagram Stories update, the Canadian rapper was transparent with his followers about how much money he bleeds from placing bets. Per PopCrave, he uploaded a screenshot of his records, revealing that he spent a whopping $125 million in a month on just gambling, but ended up with a loss of $8.2 million. Detailed in the image was also a $50 million bet the "Nokia" rapper placed under a week. Unfortunately, he ended up losing $5 million. Another bet of $75 million, placed in a period of two weeks, resulted in a loss of $5 million once again. Although the image doesn't specify the periods of the bet, in total, Drake seems to have lost almost $20 million. "Gotta share the other side of gambling, the rapper candidly wrote alongside the screenshot before adding: "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." Drake's gambling records wasted no time making rounds on the internet, and fans heavily criticized him for his excessive spending. "Wasting 5 million dollars just like that and there are people starving every day," one comment read. "He's obviously not good at picking the right hits, needs to stop gambling," a second fan advised, while another called him a "Certified Loser Boy," a play on his sixth studio album, "Certified Lover Boy." Other concerned fans theorized that the five-time Grammy winner might have a gambling addiction. This user predicted, "What a deadset loser. If Drake keeps this up, he's going to be broke one day." A fifth fan added, "As Kendrick said, bro definitely has gambling problems." Drake's candid revelation comes a month after he blamed his fellow Canadian, Justin Bieber, for losing a million dollars. As The Blast reported, the "God's Plan" rapper placed a $1 million bet on the Toronto Maple Leafs to defeat the Florida Panthers in May 2025. Unfortunately, luck wasn't on his side with the Panthers leading 6-1. Rather than take responsibility for his poor predictions, Drake pointed accusing fingers at Bieber. He claimed that the "Baby" singer's surprise appearance at the game brought bad luck. In an Instagram Stories update, he simply wrote, "Bieber curse." The 38-year-old placed two separate bets totaling $1.25 million, with potential earnings exceeding $4.1 million. Although the "Degrassi: The Next Generation" alum has been on a losing streak lately, that hasn't always been the case. Back in March, he opened up about scoring a massive win of $40 million. In a promotional video for Stake, Drake discussed a "crazy" night he had at Dave & Buster's. Recalling how he "hit like eight out of 10 numbers" playing roulette, the rapper said: I think by the end of the night, we had won like 38 million? 40 million? Yeah, $40 million. It's crazy, the craziest night ever gambling for sure. January of 2024, it was crazy. That's not even the word for it." Despite such a grand win, Drake admitted he isn't the most expert gambler he knows in Hollywood, giving credit to Michael Jordan. In the promotional clip, the "One Dance" rapper called the basketball legend a "real-life gambling GOAT (greatest of all time)" because he can "gamble on anything." Drake told the story of beating Jordan at ping-pong during an NBA All-Star weekend, saying the retired athlete "just wouldn't leave the ping-pong table." He then added, "He just kept betting me, like, bands. 10 bands, 20 bands. Just kept betting because he just couldn't stomach the loss, you know? I respect him deeply for his gambling nature."
Yahoo
a day ago
- Entertainment
- Yahoo
People Are Calling Drake 'Out Of Touch' For Posting A Screenshot Of His Multimillion-Dollar Gambling Losses In The Past Month, And It's Pretty Wild
A quick scroll down Drake's Instagram page will tell you two things: the man enjoys selfies and gambling. If you follow Drake, you'll probably have seen the word 'Stake' showing up on your feed quite a lot. For context, Stake is an online casino, and while the rapper does not own shares in the company, it was reported by the Financial Times in 2023 that he gets paid $100 million a year to endorse it. At this point, Drake promotes Stake more than he even promotes his own music or tours. And as part of this, it's not uncommon for him to share screenshots of his bets and winnings. However, in a departure from his usual style of posting, the Canadian recently gave his followers a look at 'the other side of gambling' as he revealed the amount of money he's lost in the past month. On Wednesday, Drake — whose net worth is reportedly around $250 million — posted a screenshot of his wagering plans for Game 6 of the NBA finals this week, having placed a total of $800,000 on the Oklahoma City Thunder to win. An hour later, he followed up by sharing a screenshot of his losses in the past month, which added up to $8,253,686. The screenshot also showed that he'd seemingly wagered a sum of $124.5 million in that time, too. @champagnepapi / Via 'Gotta share the other side of gambling… Losses are so fried right now,' he captioned the story post. '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.' Related: 21 Incredible Photos Of Hollywood Legends Back In The Day That I Guarantee You've Never, Ever Seen Before Honestly, if your eyes are watering just from looking at those figures, you're certainly not alone, as fans online have expressed their utter disbelief at the whole thing. Related: Jodie Sweetin Just Revealed Where She Really Stands With Candace Cameron Bure After Years Of Publicly Sharing Their "Very Different Lifestyles" His IG stories came around the same time he posted a video of himself using ChatGPT to help him gamble…so, yeah. I don't know what to tell you. If you or someone you know needs support for a gambling problem, you can find out more information here. More on this Drake Clarified That His 'Previous Engagements' Necklace Was 'Just A Joke' That People Took Too 'Literal' After He Was Dragged Online For Being 'Corny' And 'Embarrassing'Ellen Durney · Feb. 13, 2023 'Peak Loser Behavior': People Cannot Wrap Their Heads Around Drake Sharing A Screenshot Of His 'Embarrassing' DM To A Canadian Politician Who Went To A Kendrick Lamar ConcertStephanie Soteriou · June 16, 2025 Drake And Kendrick Lamar's Rap Beef, ExplainedMychal Thompson · May 5, 2024 Also in Celebrity: 22 Absolutely Bonkers Things I've Learned About Old Hollywood Celebs That Made My Jaw Hit The Floor Also in Celebrity: Whoopi Goldberg Was Left Too Stunned To Speak After Bowen Yang Made A Brutal Dig At JD Vance Live On 'The View' Also in Celebrity: This 17-Question IQ Test Will Reveal How Much Celebrity Knowledge You Have
Buzz Feed
a day ago
- Entertainment
- Buzz Feed
Drake Shares $8 Million Gambling Losses
A quick scroll down Drake's Instagram page will tell you two things: the man enjoys selfies and gambling. If you follow Drake, you'll probably have seen the word 'Stake' showing up on your feed quite a lot. For context, Stake is an online casino, and while the rapper does not own shares in the company, it was reported by the Financial Times in 2023 that he gets paid $100 million a year to endorse it. At this point, Drake promotes Stake more than he even promotes his own music or tours. And as part of this, it's not uncommon for him to share screenshots of his bets and winnings. However, in a departure from his usual style of posting, the Canadian recently gave his followers a look at 'the other side of gambling' as he revealed the amount of money he's lost in the past month. On Wednesday, Drake — whose net worth is reportedly around $250 million — posted a screenshot of his wagering plans for Game 6 of the NBA finals this week, having placed a total of $800,000 on the Oklahoma City Thunder to win. An hour later, he followed up by sharing a screenshot of his losses in the past month, which added up to $8,253,686. The screenshot also showed that he'd seemingly wagered a sum of $124.5 million in that time, too. 'Gotta share the other side of gambling… Losses are so fried right now,' he captioned the story post. '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.' Honestly, if your eyes are watering just from looking at those figures, you're certainly not alone, as fans online have expressed their utter disbelief at the whole thing. His IG stories came around the same time he posted a video of himself using ChatGPT to help him gamble…so, yeah. I don't know what to tell you. If you or someone you know needs support for a gambling problem, you can find out more information here.
