Drake loses another $1 million in cryptocurrency sports bets

Canadian star Drake has lost $1 million betting on sports markets at a top crypto casino.

Drake is a brand ambassador for Stake.com, which is one of the world’s top crypto casinos, and he regularly streams himself online playing crypto games and shares his sports bets as well.

But the One Dance and Started from the Bottom star appears to be on a lean spell of luck having seen a pair of massive sports bets at the crypto casino lose over the past few weeks.

Drake shared on social media that he had placed $500,000 on the Dallas Mavericks to win the NBA finals and a further $500,000 crypto sports bet on the Edmonton Oilers in the Stanley Cup Finals. The Mavericks went down to the Boston Celtics in a five-game series while his ice hockey wager also lost thanks to the Florida Panthers triumphing over the Oilers in Game 7.

Drake posted his Stake.com betting slips on Instagram, where he has 146 million followers on his @champagnepapi account, writing: “Dallas cause I’m a Texan. Oilers are self-explanatory. Picks in are @stake.”

As Drake is said to have an estimated net worth in the region of $250 million – he has sold more than 170 million records during his career to date – it is unlikely that losing a total of $1 million on the two sports bets he placed at Stake.com will cause too many issues for his financial status.

He is one of the world’s most famous sports gamblers, having reportedly wagered in excess of $1 billion in bets, many of which have been made at crypto casino and sportsbook Stake.com.

Drake bet $1.15 million on the outcome of the 2024 Super Bowl, backing the Kansas City Chiefs to come out on top against the San Francisco 49ers. As the Chiefs beat the Niners 28-25 at Allegiant Stadium on the day, Drake was able to win a massive $1.196 million on that occasion.

But just weeks later he had lost a chunk of those winnings after he placed a bet of $615,000 on Francis Ngannou to beat Anthony Joshua in a heavyweight boxing bout that was held in Riyadh.

British boxer Joshua won the fight to add to what has been described as the ‘Drake Curse’, with the Canadian also having lost $565,000 when he backed Tyson Fury to beat Oleksandr Usyk.