Canadian rapper Drake lost a $1 million wager on the Super Bowl Sunday. Before the game kicked off, the 39-year-old high-stakes sports bettor shared his wager on Instagram, which showed the seven-figure sum on the New England Patriots
The Seattle Seahawks were generally favored by around 4.5 points at most books. If the Patriots had covered that, the rapper would have collected $2.95 million.
However, the Seahawks put in a dominating performance, winning 29-13 and stymying the New England offense for most of the game.
Betting Big
This marked a return to wagering on the Super Bowl for Drake after taking last year off. In 2024, Drake bet $1.15 million on the Kansas City Chiefs, who won the game over the San Francisco 49ers.
Drake admitted to losing $8 million gambling over the course of a single month during June 2025. In 2024, he lost a $300,000 bet on the Canadian soccer team to win the Copa America series at odds of +2,500. Had the squad won the championship, he would have collected $2.9 million.
In 2022, he bet $1 million on Argentina to win the World Cup but lost when the match went to overtime and was not settled in regular time.
Some of his other bets have fared better. He won $559,000 on the 2022 Super Bowl betting on the Los Angles Rams. A $159,000 bet on the Golden State Warriors to finish atop the NBA’s Western Conference also brought a nice return of $650,000.
In January, the Stake online gaming ambassador was named in a Virginia class-action lawsuit. The suit alleged a racketeering conspiracy that used proceeds to “artificially inflate streaming counts for Drake’s catalog.”
Prediction Markets Win No Matter The Outcome
In other Super Bowl-related news, prediction market platform Kalshi said it saw $500 million in wagers on the outcome alone. Prediction markets use pari-mutuel-style wagering, like that found in horse racing.
As a result, the platforms reap a profit regardless of the outcome, solely taking a share of the total wagered among traders – unlike sportsbooks that could have losing days on events. That was the case in 2019, when New Jersey sportsbooks lost $10.7 million on the Super Bowl.
Along with selecting a winner, traders on the platforms could also select the MVP, various prop bets, and even more obscure options like the first song in the halftime performance, celebrities attending the game, brands advertising, and more.
Prediction markets have faced growing criticism since launching into sports in 2015. A Nevada judge recently issued a temporary restraining order against Polymarket and ordered the company to stop operating in the state.
In January, a state judge in Massachusetts ordered Kalshi to immediately cease offering sports prediction markets in the state. In December, Nevada regulators also ordered Kalshi to cease operations.
This followed a lawsuit against the company in South Carolina. In August, Kalshi also lost a suit in federal court in Maryland. That ruling was delayed as an appeal was expected.
