Jake Paul-Anthony Joshua Fight Almost Cost DraftKings $100 Million

The highly anticipated boxing match between Jake Paul and Anthony Joshua almost cost DraftKings $100 million. The sportsbook had taken in a significant amount of bets on the fight, but ultimately, the house won.

The fight was a closely watched event, with many fans and bettors placing wagers on the outcome. However, the actual fight was a decisive victory for Joshua, who won by knockout in the eighth round.

As a result, DraftKings was left with a significant loss, with estimates suggesting that the company could have lost up to $100 million if the fight had gone the other way. However, the company was able to mitigate its losses by offering a generous payout to bettors who had wagered on Joshua to win.

The incident serves as a reminder of the risks involved in sports betting and the importance of responsible wagering practices. It also highlights the significant financial stakes involved in high-profile sporting events.

The fight was a major event in the world of sports, with many fans and bettors tuning in to watch the action unfold. The outcome of the fight had significant implications for DraftKings and other sportsbooks, which had taken in large amounts of bets on the event.

The incident has sparked a wider conversation about the risks and rewards of sports betting, with many experts calling for greater regulation and oversight of the industry.

Sources

[1] Jake Paul-Anthony Joshua fight almost cost DraftKings $100 million. Everyday bettors lost instead.