American rapper Drake has suffered a staggering $355,000 loss after betting on Mike Tyson to defeat Jake Paul in a high-profile boxing match.
The highly anticipated fight, held at AT&T Stadium in Arlington, Texas, followed a year of intense back-and-forth between the two competitors. Despite Tyson’s legendary status, Jake Paul emerged victorious with a unanimous decision, leaving Drake’s confidence in the former heavyweight champion misplaced. Known for his sports betting streaks, Drake’s wagers often end in disappointment, fueling the so-called “Drake Curse.”
The event attracted an impressive crowd of 65,000 spectators, making it one of the biggest pay-per-view spectacles in recent memory, with VIP tickets reportedly selling for as much as $2 million. While the exact prize money figures remain undisclosed, the winner is expected to walk away with tens of millions of dollars.
Paul, who had set out to earn $40 million and defeat a “legend,” is likely to secure a significant payday. Meanwhile, Tyson reportedly received $20 million for the bout, adding to his estimated $10 million net worth. Jake Paul, whose career has shifted from YouTube to boxing, is valued at around $80 million.
Despite the financial stakes, both fighters have stated that their motivation extends beyond the money.
