Drake Admits $8 Million Sports‑Betting Losses: 'Losses Are Fried Right Now'

'Gotta share the other side of gambling. Losses are fried right now,' Drake reveals in a candid Instagram Story.

By Published: June 20, 2025 10:14 AM EDT Updated: June 20, 2025 10:26 AM EDT 77600
Drake reveals $8.24 million gambling losses on Instagram

Canadian rap star Drake recently pulled back the curtain on the less glamorous side of his high-stakes sports gambling. In an Instagram Story posted around June 19, he shared a screenshot from his Stake betting account, revealing that he had wagered approximately $125 million over the span of a month—and suffered losses totaling roughly $8.24 million. Reflecting on the figures, he wrote: “Gotta share the other side of gambling. Losses are fried right now."

Despite the heavy losses, Drake’s gambling streak hasn’t been entirely bleak. Earlier this year, he placed a $750,000 bet on Royal Challengers Bengaluru to win the IPL 2025 final, which paid off handsomely with a $1.312 million win.

Those familiar with Drake’s gambling habits may recall his ongoing references to the so-called “Drake Curse”—a lighthearted superstition suggesting teams or athletes he supports often fail under pressure. His Instagram commentary poked fun at the situation, quipping that “these guys max once a week” and noting he’s yet to hit a max bet win.

Undeterred by recent losses, the rapper hasn’t shaken his confidence in future bets. He hinted at an appetite for a comeback, expressing hope: “I hope I can post a big win for you all soon cause I am the only one who has never seen a max.”

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Emily Wilson is a business strategist and editor at Business Outstanders, where she covers small business growth, entrepreneurship, and leadership. With over 3 years of experience in business content and strategy, she has helped hundreds of entrepreneurs navigate growth challenges through research-backed, actionable insights. Follow her work on LinkedIn.

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