Jake Paul's Victory over Mike Tyson Leaves Drake with a $355,000 Loss in Bet

Canadian rapper Drake recently faced a major financial setback after losing a $355,000 bet when Jake Paul defeated boxing legend Mike Tyson.

The highly anticipated match took place at the AT&T Stadium in Arlington, Texas, marking Tyson's return to the ring after a nine-year hiatus. Despite the odds, Jake Paul emerged victorious by unanimous decision, with judges scoring the fight 80-72 and 79-73 in favor of Paul.

Drake, known for his high-stakes bets, had placed his wager on Mike Tyson through the betting platform Stake, hoping for a triumphant comeback from the former heavyweight champion. However, the outcome did not favor the rapper, adding to his series of losses in sports betting throughout the year.

According to a report by Forbes, Drake has lost approximately $2.5 million in sports bets since March 2024, including substantial amounts on events like the Stanley Cup and NBA finals.