Editorial note: The winning wagers listed here are a speculative estimate drawn from a variety of online sources.
Drake is most certainly always “busy getting rich” — or richer. And this time, it’s thanks to his Super Bowl wagers.
As AfroTech previously reported, the “Controlla” rapper wagered more than $1.25 million of his own money into Super Bowl wagers, and he won two out of the three bets he placed.
The Action Network reported the breakdown of Drake’s wins. For betting on Odell Beckham Jr.’s anytime touchdown, he banked more than $710,000 USD. And for betting on a Rams win, he banked more than $710,000.
So, we decided to do the math.
That means, in total, he won more than $1.4 million USD. Considering he wagered the equivalent of $1.25 million USD, Drake potentially netted a profit of about $150,000 USD on the Super Bowl.
And as AfroTech previously reported, it looks like Drake will be receiving his payout in Bitcoin, based on his Instagram post about the matter. And while it’s unclear whether Drake wagered all his Super Bowl bets in the popular cryptocurrency, or only did so on a partial basis, what’s clear is that he’s got a handsome sum coming his way for his prescient picks.
But more than giving Mr. Champagne Papi a few more zeros in his bank account, the Rams win was a good one for Mr. OBJ, as well.
The Action Network reports that the Rams superstar is entitled to “up to $1 million in incentives if the Rams win. His one-year deal with L.A. features a total of $3 million in incentives, with OBJ already earning $2 million entering the game. He will receive $500,000 should the Rams lose.”
This is certainly another win for OBJ, who got traded to the Rams after he expressed an extreme discontent with his previous team, the Cleveland Browns.
Clearly, then, this is just the beginning of additional deals ready to be lined up for the receiver.
Money in the Super Bowl: By the Numbers
While Drake certainly made a nice payday from the Super Bowl, he was far from the only one.
Forbes reports that the NFL, itself, made estimated tens of billions of dollars between advertisers, sponsors, TV partners, commercials, and ticket sales.
The average advertiser spent nearly $6 million on their 30-second ads.
And thanks to the increasingly legalized sports betting industry, CBS Sports is reporting that Americans alone were expected to bet an estimated $8 billion on the big game, which is nearly double the amount that Americans bet on the Super Bowl last year (a figure comprised of both legal and illegal bets and online and in-person bets).
The only people who didn’t make money in the Super Bowl this year were the performers. As Forbes reports, Dr. Dre, Eminem, Snoop Dogg, Mary J. Blige, Kendrick Lamar, and special guest star 50 Cent all performed at the halftime show for free.
(And by the way, did you know that the Super Bowl halftime show is the spectacle that it is today thanks to “In Living Color,” according to Rolling Stone).