Drake Loses $8 Million in One Month to Gambling, Sparks Addiction Concerns

June 19, 2025
Drake Loses $8 Million in One Month to Gambling, Sparks Addiction Concerns
  • Drake recently disclosed that he lost over $8 million from gambling in just one month, having placed bets totaling more than $124 million, highlighting the significant financial risks associated with his gambling habits.

  • These staggering losses come amid a $100 million endorsement deal with the online gambling platform Stake, where he actively shares his betting activities on social media.

  • Since partnering with Stake in late 2021, Drake has gambled over $1 billion, earning him the infamous nickname 'Drake Curse' due to his poor luck.

  • His candid admission about his gambling struggles has sparked conversations about the risks of high-stakes betting, serving as a cautionary tale for fans.

  • The rise of online gambling has raised concerns about addiction, with a report indicating a 61% increase in searches for help regarding gambling problems since the expansion of legalized sports betting.

  • Public reactions to Drake's gambling losses have included expressions of disgust and concern, with some fans fearing he may be developing a gambling addiction.

  • Despite his gambling setbacks, Drake remains active in music, recently announced as the headliner for the Wireless Festival in London, marking his first UK performances in six years.

  • In addition to his gambling activities, Drake is reportedly working on a new album speculated to be titled 'Iceman', which is expected to be released before the end of 2025.

  • His betting history includes notable losses on significant sporting events, such as a $1 million bet during the World Cup final and $1.8 million on UFC fighter Sean Strickland.

  • Drake has shared screenshots of his betting profits and losses, revealing the extent of his gambling activities over the past month.

  • Known for promoting the legal gambling industry, Drake frequently shares his betting receipts during major sporting events, further normalizing high-stakes gambling.

  • His catchphrase 'I need a max win' has gained popularity, leading to merchandise and becoming the title of his recent tour.

Summary based on 19 sources


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