As the Super Bowl approaches this Sunday, February 13, which will pit the Los Angeles Rams against the Cincinnati Bengals, Canadian rapper Drake revealed that he bet $1.26 million on the game.
In a social media post, Drake said that of the $1.26 million bet, $470,000 was placed on the Rams as Super Bowl winners and around $790,000 on his catcher Odell Beckham’s performance. Jr.
The bet was placed on Stake, a cryptocurrency sports betting platform, which also has share the Drake bet, which is publicly available.
Stake betting inventory continues to grow exponentially
Stake, launched in 2017, is a cryptocurrency-only sports betting and casino platform that has since brewed $35 billion in wagers. Currently, the platform accepts nine different cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, EOS, Ripple, Dogecoin, and Tron.
As for Drake’s bet on player Beckham Jr, receiver would need more than 62.5 yards reception and more than 0.5 touchdowns during the game for the rapper to get any return on his investment.
“All bets are off on the family,” Drake said in his Instagram post, which included screenshots of his bets placed on Stake.
In response to this post, the wide-receiver replied: “The time has come”.
Player Odell Beckham Jr.’s takes to BTC
Drake’s cryptocurrency bet on player Beckham Jr. is a fascinating event for the sport, especially for this year’s “Crypto Bowl” as it’s starting to be called.
Last November, the catcher partnered with Cash App, promising to convert his entire NFL salary for the season into BTC, and allocate $1 million worth of BTC to his fans. Based on this conversion, Beckham Jr. is able to earn up to $4.5 million in just one year.
However, recent reports have revealed that according to sports business analyst Darren Rovel, due to falling cryptocurrency prices, the NFL star earned 61% less than he should have after taxes. .
Longtime Bengals fan Charles James also responded to Drake’s tweet: “I’m from Cincinnati! Burrow for the win. Bet on a reasonable number”.
This year’s Crypto Bowl promises to be memorable
With the number of athletes, celebrities and models embracing and promoting cryptocurrency and blockchain, this year’s Super Bowl will surely represent a historic shift in the traditional understanding of sports and betting.
Due to the massive crypto exposure the event already enjoys, calling it the “Crypto Bowl” doesn’t sound so off-putting. So far, three online services have already gotten ads promoting their digital currencies, including EToro, Crypto.com, and FTX. So expect to see crypto ads throughout the game.
Similarly, for Bud Light’s newest product, a carb-free beer, Bud Light Next will also take the stage at the game to promote its blockchain-based digital currency. On this occasion, the beer brand has partnered with Nouns DAO and will use Nouns’ iconic glasses for its advertising.
From NFTs to the Super Bowl
And that’s not all. Two of the performers scheduled for the halftime show are well-known NFT collectors, and there are rumors that Bored Apes Yacht Club may be attending the event. The NFL itself would offer a limited number of NFTs to fans during the Super Bowl. So overall, the event will not only be iconic for football fans but also for the crypto space.
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