Jake Paul Draws a Big Money Bet to Upset Anthony Joshua

According to TMZ Sports , the massive wager comes from former Sony Pictures head Jon Peters, who reportedly dropped $5 million on Jake Paul to beat Anthony Joshua on December 19. This isn't a side bet with a buddy; this is Hollywood-level risk-taking. TMZ reports Peters and Paul had an extensive conversation before the wager, and whatever Paul said during that chat apparently sealed the deal. Peters walked away fully convinced, even quoting Paul as saying he’s 'gonna kick the s*** outta [Joshua]' at the Kaseya Center.

With Paul sitting as a +650 underdog, that $5 million bet could explode into a staggering return. Depending on when the wager was placed, insiders estimate Peters could profit between $30–45 million if Paul pulls off the upset. And according to TMZ, Peters’ entire family is now placing their own bets, potentially walking away with combined winnings near $50 million if lightning strikes twice.

So now the question is simple: will December 19 produce one of boxing’s most unlikely upsets, or one of the most expensive learning experiences in betting history? One thing’s certain — when that bell rings, more than pride is on the line. There’s real Hollywood money behind this one, and all eyes will be on whether Jake Paul can turn a bold belief into a historic payday.