Canadian rapper Drake has suffered a significant financial loss, after his $355,000 bet on legendary boxer Mike Tyson to defeat Jake Paul in a high-profile fight ended in disappointment.
The highly anticipated eight-round heavyweight match took place on Friday at AT&T Stadium in Arlington, Texas, where Paul emerged victorious by unanimous decision.
The win marked a milestone in Paul’s boxing career, as the social media star-turned-fighter continues to defy expectations in the ring.
Before the fight, Drake, known for his love of sports betting, had shared a screenshot of his bet on Instagram, publicly staking $355,000 on Tyson’s victory. In a twist of fate, had Tyson won, Drake stood to pocket a hefty $1,000,000 from the wager.
Tyson, 57, who was making his return to the ring for the first time in over 15 years, showed signs of his legendary skill but ultimately couldn’t withstand Paul’s relentless attack.
The fight saw Tyson struggle to keep up with the younger Paul, who showcased a mix of speed and precision throughout the eight rounds.
The result came as a shock to many, as Tyson, despite his age, had been widely regarded as the more experienced fighter.
However, Jake Paul’s victory further solidified his position as a rising force in the boxing world, adding yet another highlight to his already controversial career.
Drake, who is no stranger to making high-stakes wagers on various sporting events, took to social media after the fight to express his loss, sharing his disappointment over the outcome of the match. While the rapper may have lost this particular bet, his love for betting on high-profile sports events remains unwavering.