Canadian music star Drake has revealed that he lost more than $124 million to online gambling in just one month.
The rapper made this known through a post on his Instagram Story, where he shared a screenshot of his recent betting record on the crypto-based platform, Stake.
Drake, whose real name is Aubrey Graham, is widely known for his chart-topping hits and extravagant lifestyle. However, his recent gambling confession has left many fans stunned by the staggering amount he has lost in such a short period.
Instagram story shows exact losses
In the screenshot shared with his over 146 million followers, the “One Dance” hitmaker showed that he had lost exactly $124,527,265 over the course of the past month. This figure represents one of the largest public gambling losses ever shared by a celebrity.
Along with the screenshot, Drake added a message that seemed both humorous and honest. He wrote:
“Gotta share the other side of gambling…
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 maxed these guys max once a week.”
Although his message had a casual tone, it hinted at the emotional rollercoaster many gamblers face. His reference to “the other side of gambling” suggests that things have not been going his way lately.
A long history of high-stakes betting
Drake is no stranger to high-stakes gambling. Over the past few years, he has gained a reputation for placing massive bets on sports events. Often betting hundreds of thousands, and sometimes millions, of dollars, Drake has turned gambling into a regular part of his public persona.
In August 2024, he made headlines after placing a $450,000 bet on Nigerian-New Zealand UFC fighter Israel Adesanya to defeat South African fighter Dricus du Plessis. Unfortunately for Drake, Adesanya lost the UFC Middleweight Championship fight, and so did Drake’s money.
Then, in November 2024, the rapper lost another $355,000 when boxing legend Mike Tyson was defeated by YouTuber-turned-boxer Jake Paul. That fight, held at AT&T Stadium in Arlington, Texas, was widely discussed not only for its unexpected result but also because of Drake’s failed wager.
Stake partnership adds to speculation
Drake’s gambling activity is closely tied to his partnership with Stake, a cryptocurrency-based betting platform. Since signing a multi-million-dollar deal with the company, he has regularly streamed his bets and posted wins and losses online. The rapper even co-hosts live betting sessions on the platform, which are often watched by thousands of fans around the world.
While many have questioned whether Drake is using his own money for these bets or simply promoting the brand through sponsored activity, the recent post suggests he is personally invested in the outcomes.
Mixed reactions from fans and experts
Drake’s latest post has sparked mixed reactions on social media. While some fans expressed concern over the amount of money he’s losing, others saw it as yet another sign of his extravagant lifestyle. Some gambling addiction experts, however, warn that his public betting behaviour may encourage younger fans to take risky chances with gambling, thinking it is glamorous or harmless.
One fan wrote, “Bro is burning millions like it’s nothing. This is wild.”
Another commented, “Hope he’s okay. Gambling can really take a toll mentally, even if you’re rich.”
Looking ahead
Drake ended his message with a hopeful note, stating he wants to “post a big win soon.” Whether that happens or not remains to be seen. For now, the Canadian superstar has reminded his fans that the thrill of betting comes with very real risks, and sometimes, huge losses.
