Gavin Maloof (left) and Joe Maloof (right) are pictured with their Never Too Hungover product and the $880,000 bet on Floyd Mayweather to beat Conor McGregor.

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

 

 

Alan Snel

Alan Snel brings decades of sports-business reporting experience to LVSportsBiz.com. Snel covered the business side of sports for the South Florida (Fort Lauderdale) Sun-Sentinel, the Tampa Tribune and Las Vegas Review-Journal. As a city hall beat reporter, Snel also covered stadium deals in Denver and Seattle. In 2000, Snel launched a sport-business website for FoxSports.com called FoxSportsBiz.com. After reporting sports-business for the RJ, Snel wrote hard-hitting stories on the Raiders stadium for the Desert Companion magazine in Las Vegas and The Nevada Independent. Snel is also one of the top bicycle advocates in the country.

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