The Super Bowl is one of the biggest annual sporting events in the world and millions of people enjoy a wager on the game. The 2023 Super Bowl, also known as Super Bowl LVII, took place on February 12, at State Farm Stadium in Glendale, Arizona. Drake was one person who hit the headlines for his betting on the game and he placed his bets using crypto.
Betting on the Super Bowl
Over 50% of people surveyed by the Statista Research Department at the end January 2023 said they had placed a bet on Super Bowl LVII. Close to 10% of those people said they have bet between $51 to $100 and 6.73% said they has placed a bet of between $500 to $1000. When the final statistics emerge, it is predicted over $1 billion will have been bet on Super Bowl LVII and at least two people placed single wagers of $1 million on the game. However, betting information does not always take into consideration those placing wagers using cryptocurrency. One of the widest adoptions of crypto has come in the gambling industry and Drake made the news for his massive bets on the Super Bowl using crypto.
Drake Betting Big
Drake is no stranger to million dollar bets and he has history when it comes to huge wagers. Drake is a big name in the world of rap music but most people do not know he enjoys a flutter. In fact, Drake is well known in the gambling industry as a man who is prepared to put his money on the line. Drake’s biggest bet was $2,000,000 as he backed Israel Adesanya to beat Alex Pereira at UFC 281. This was a risky bet as Adesanya had already lost twice to Pereira in kickboxing but Adesanya was the reigning UFC middleweight champion, so Drake backed the Kiwi to come out on top. It didn’t work out and Pereira won by TKO. Another of Drake’s big bets came on the FIFA World Cup final and he bet $1,000,000 for Argentina to win. The Argentines did lift the World Cup but it was via a penalty shootout and as Drake bet using the 1X2 market, the bet was lost. However, Drake enjoyed a winning bet as he backed the Kansas Chiefs to beat the Cincinnati Bengals in the Conference Championship. Drake bet $1,129,638 on the game and was smiling all the way to the bank.
Drake Betting on Super Bowl LVII
Drake placed not just one but several bets on Super Bowl LVII. It is believed the Canadian staked a total of $965,000 on the game and made an overall profit of $512,000 due to the fact the Kansas City Chiefs won the game. Drake shared his bets on social media and interestingly, rather than betting using US dollars, he chose to bet using Bitcoin. Having placed $700,000 worth of Bitcoin on the Chiefs to win the game, Drake proceeded to place a selection of prop bets. The bets included $50,000 of Bitcoin on Patrick Mahomes to be the Chiefs’ first touchdown scorer and $25,000 of Bitcoin on Chiefs tight end Travis Kelce would be named Super Bowl MVP. Some of Drake’s other wagers on the game included Juju Smith-Schuster scoring the first touchdown for the Chiefs, the Chiefs winning both halves of the game, and the Chiefs winning each quarter.
All of Drake’s bets on the Super Bowl were placed using crypto and despite the prop bets not working out, the fact the Chiefs won the game saw Drake walk away with $1.477 million in Bitcoin. It is striking to see a big celebrity placing sports bets using crypto and it will be interesting to follow how many people decide to use crypto in their betting as a result. Online gambling has been one of the major industries in terms of accepting cryptocurrency as a payment method and with Drake’s massive bets hitting the news, more brands may opt to introduce crypto payment options.
