Betting can be effortless if you’re financially well-off, and by ‘well-off’, I mean having a substantial amount of money, more than most of us do. A prime example is Drake, whose net worth is approximately $250 million. Yet, it appears he spends a significant portion of that wealth on sports betting.
Over the past month, the famous rapper made a series of bets totaling more than $124 million. Unfortunately, he ended up losing over $8 million from these wagers. Even though this might not seem significant to someone with a net worth of $250 million, it’s hard not to notice for those of us who aren’t billionaires.
A portion of his losses could potentially be attributed to a significant wager he made on Game 6 of the NBA Finals, where the Indiana Pacers faced off against the Oklahoma City Thunder. Drake risked $800,000, betting that the Thunder would emerge victorious and secure the NBA title for themselves.
Drake wastes his money and he has us to thank for it
Regarding the wager, it appeared to be an acceptable risk, regardless of the amount staked. To everyone’s surprise, Tyrese Haliburton, star player for the Pacers, limped onto the court with a calf injury, but miraculously played exceptionally well, leading his team to a victory over the Thunder.
Had OKC won, Drake would have made a profit of $934,000. Instead, he blew $800,000.
It’s quite possible that he might wager again in Game 7, scheduled for this coming Sunday, as he appears to be quite confident about his endeavor, despite its questionable merit. Even if he ends up losing some funds, it wouldn’t be a big deal for him since he has sufficient resources to cover such losses.
As a gamer, I’ve got to say, his riches are thanks in part to us, his loyal fans. We shell out for his games and subscribe to his expansions, and he cashes in on that. How he spends it is none of my business, but let’s be honest, a tinge of envy can creep in sometimes. Not because we’re hankering to gamble our cash on things beyond our control (that sounds downright foolish), but because that’s what he does with the money we invest in him.
It’s not just Drake who’s known for squandering large sums in gambling; even basketball icon Michael Jordan has a reputation for doing so. Yet, the sheer amount of money bet is astounding, and it appears to hold little consequence for individuals with fortunes in the hundreds of millions.
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2025-06-21 15:00