LVSportsBiz.com Exclusive: Maloofs Place $880,000 Bet on Mayweather to Beat McGregor in Mega-Boxing Bout
By ALAN SNEL
The Maloof family, of Las Vegas, which owns a minority stake in the Vegas Golden Knights, was the anonymous bettor who waged $880,000 on boxing champ Floyd Mayweather to beat UFC star Conor McGregor in an Aug. 26 boxing match in Las Vegas, LVSportsBiz.com exclusively learned Saturday.
The Maloofs’ bet on the Mayweather-McGregor mega-fight at T-Mobile Arena is believed to be the biggest so far and would net the Maloofs a $160,000 profit if Mayweather wins. At the time of the bet at South Point Friday, Mayweather was a -550 favorite to beat the MMA star, McGregor, who is training at UFC’s Performance Institute in Las Vegas.
The Maloofs, former owners of the NBA Sacramento Kings, also own an anti-hangover product called, “Never Too Hungover.” If Mayweather wins, Never Too Hungover will donate the entire $160,000 winnings to charity, the Maloofs said.
“This is a fun and exciting way for Never Too Hungover to give back to the community,” said Joe Maloof, of Las Vegas. “What better way than to tie it to the biggest sporting event in history.”
Joe’s sister, Adrienne Maloof, star of Bravo’s The Real Housewives of Beverly Hills, confirmed that 100 percent of the winnings would go to charity.
“In the coming days, Never Too Hungover will announce the selected charities,” Adrienne Maloof said.
Contact LVSportsBiz.com founder/writer Alan Snel at asnel@LVSportsBiz.com
