Drake Loses $355k Bet After Jake Paul Beats Mike Tyson

Popular rapper Drake has once more found himself on the losing end of a sports wager, this time relinquishing $355,000 after Jake Paul triumphed over the legendary boxer Mike Tyson.

The boxing match took place at AT&T Stadium in Arlington, Texas, today, November 16, 2024, with more than 65,000 fans in attendance.

Jake Paul won unanimously, crushing Drake’s hopes of profiting from the heavyweight icon.

Drake, whose full name is Aubrey Drake Graham, is familiar with high-stakes gambling. From hefty bets on football games to lucrative forecasts in various sports, the rapper has lost millions in his endeavours.

The boxing event was not merely a fight; it was an extravagant affair. VIP tickets reportedly priced at up to $2 million have made it one of the most costly pay-per-view events ever.

Jake Paul, who has cultivated a reputation as a YouTuber-turned-boxer, had made his goals clear before the event: he aimed to knock out a legend and earn $40 million. Although he did not achieve his knockout objective, he is still expected to earn a substantial amount from the bout.

Reports indicate he could leave with tens of millions, while Tyson’s earnings are rumoured to be about $20 million.

Mike Tyson, often referred to as ‘Iron Mike’ due to his powerful punches during his prime, is estimated to have a net worth of $10 million, according to Celebrity Net Worth.

In contrast, Jake Paul, who continues to transform his persona from internet celebrity to professional boxer, holds an estimated net worth of around $80 million.