Drake, a Canadian rapper, lost $565,000 after betting on Tyson Fury to beat Oleksandr Usyk.
Drake has suffered yet another significant gambling loss.
Before the bout, Drake disclosed on Instagram that he had bet $565,000 on Fury to win.
If Fury had won, he would have received slightly over $1 million.
However, Usyk defeated Fury by a split decision in Saudi Arabia to become the first undisputed heavyweight boxing champion in 24 years.
Usyk has now added Fury’s WBC title to his existing WBA, IBF, and WBO titles.
Drake previously lost a six-figure sum following Anthony Joshua’s knockout victory over Francis Ngannou, as well as another $700,000 after Dricus Du Plessis defeated Sean Strickland at UFC 297.
