Drake lost a staggering amount of money after betting on Mike Tyson to beat Jack Paul.

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Canadian rapper Drake isn’t afraid to put his money where his mouth is when it comes to betting big on sports events.

Former heavyweight champion of the world Mike Tyson and YouTube-turned-professional boxer Jack Paul squared off on Friday night. The long-awaited fight garnered a lot of interest and attracted a large number of bets.

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Drake Skips NBA Game

Drake leaves the court after the NBA game between the Toronto Raptors and the LA Clippers at Scotiabank Arena on December 27, 2022 in Toronto, Canada. (Cole Burston/Getty Images)

Drake was confident that Tyson, 58, would be able to win a match against Paul, 27, and bet “Iron Mike” several hundred thousand dollars. But, Paul eventually defeated Tyson in a unanimous decision.

Jack Paul after being Tyson

US YouTuber/boxer Jack Paul celebrates winning his heavyweight boxing match against retired US pro boxer Mike Tyson (R) at The Pavilion at AT&T Stadium on November 15, 2024 in Arlington, Texas. (Photo by Timothy A. Cleary/AFP) (Timothy A. Cleary/AFP via Getty Images)

Johnny Manziel wants Drake on his new podcast and promises not to ask him about the Kendrick Lamar beef.

In a social media post, Drake revealed his $355,000 bet on Tyson to win, which was placed at +285 odds. Given those odds, the five-time Grammy winner would have been in line for a salary of nearly $1 million.

Drake wasn’t the only notable person to lose huge sums of money following the fight’s aftermath. UFC star Conor McGregor said he has put a total of $1 million on this weekend’s fights.

Jack Paul and Mike Tyson go head to head.

Jack Paul and Mike Tyson embrace after their heavyweight boxing match, Friday, Nov. 15, 2024, in Arlington, Texas. (AP Photo/Julio Cortez)

McGregor had a bet for Tyson to win against Paul. He also placed a bet between Jon “Bones” Jones and Stipe Mayock in Saturday’s UFC 309 event.

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After Friday’s fight, Paul was asked about the possibility of a fight between him and McGregor in the future. “Yeah, he would never do that, though,” Paul said, before his manager Nikisa Bedaran jumped in and said, “One, he’s under contract. And two, he wouldn’t do it.” He knows better.”

The Tyson-Paul bout also suffered from buffering issues. Bandwidth issues have raised some concerns about Netflix’s ability to provide stable streams for NFL games this Christmas.

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