Drake is down…bad.

According to Complex, Mr. Champagne Papi wagered more than $275,000 of his own money on the UFC fight between Jorge Masvidal and Colby Covington. And per the outlet, the $275,000 wager was made in Bitcoin on Masvidal…who went on to lose the fight.

When Covington, the match’s winner, found out about the literal bath that the “Controlla” rapper took, he wasted no time in gloating about it.

“Let’s talk about all the money that Drake lost tonight,” he said at a press conference. “He needs to go back to, you know, selling those s—y albums to get back the money.”

He continued: “You suck at sports betting. Go back to your s—y little albums and rapping.”

He seems nice, doesn’t he?

But the Certified Lover Boy shouldn’t worry too much about what Covington has to say. Shortly after his win over Masvidal, Covington took aim at Dustin Poirier, who is presumed to be his next opponent.

Other Drake Bets Have Worked Out For Him

Despite losing almost $300,000 on the UFC fight, Drake has made some pretty good money on some other bets.

As AfroTech previously reported, Drake placed more than $1.25 million in Super Bowl bets on the night of the “Big Game.” Based on our speculative estimate, he cleared a profit of about $150,000 from his winning bets.

Other Ways That Mr. Champagne Papi Makes His Money

With an estimated $200 million net worth, Drake has made his money on a variety of different investments.

In addition to his music, touring, and other investments like Daring Chicken and esports, AfroTech recently reported that he teamed up with the online gambling company, Stake, where he’s already bet more than $1 billion since he first joined in December 2021.

The Canadian company was founded in 2017 and has since partnered with organizations like UFC since that time, according to our report.