Anticipation is reaching fever pitch for the upcoming showdown between semi-retired boxing legend Mike Tyson and the influencer-turned-pugilist Jake Paul, which will stream live on Netflix on July 20.
Tyson, a 58-year-old veteran of the ring, and Paul, a 27-year-old who has transformed from a social media star to a controversial professional fighter, are set to clash in a match on July 20 at AT&T Stadium in Arlington, Texas.
Money To Be Made for Netflix
The precise purse amounts remain undisclosed, but Paul has suggested that the event might yield up to $300 million, according to SportsBible. Meanwhile, Tyson had previously indicated his willingness to participate only if he receives a substantial offer, possibly between $50 million to $100 million.
It is currently unreported how much Tyson and Paul will earn from their upcoming match, but it is expected to be the most heavily wagered on boxing match of the year, CNBC reported.
A VIP package offered by Most Valuable Promotions, a company co-owned by Paul, comes with premium perks such as ringside seats, photo opportunities with the fighters, signed memorabilia, and luxury accommodations.
However, individual ticket prices for the event range from $357 to $8,067, catering to a variety of budgets and preferences, CNBC reported.
The sanctioned eight-round bout is set to be held in the same venue the Dallas Cowboys play in, which seats 80,000 fans.
Forbes reports that the cheapest standing-room ticket is $211, and the cheapest seat in the 400 section is approximately $264. Floor seats range from $3,000 to $11,000.
According to Forbes, Paul is indeed favored to win, based on the betting odds. DraftKings Sportsbook lists Paul as the favorite at -180 odds, while Tyson is considered the underdog at +135.
For those new to sports betting, here is a breakdown: To win $100 betting on Paul, one would need to wager $180, whereas betting $100 on Tyson and his victory would yield a $135 profit.
CNBC reports that BetMGM has already opened betting for the bout with Paul the favorite at -145. Despite Paul’s favored status, an interesting trend emerges: 70 percent of the wagers, indicating the sentiment of the betting public, are being placed on Tyson, suggesting that more people are betting on Tyson to emerge victorious.
At ESPN BET, Paul is favored at -195, while Tyson is the underdog at +150.
