How much will Mike Tyson and Jake Paul be paid for their fight, and what prize money will the winner earn?

Jake Paul, a former child star and social media personality who began boxing professionally in 2020, will face former heavyweight champion Mike Tyson on Friday in a fight that will be livestreamed globally on Netflix.

Mike Tyson vs. Jake Paul.

Ed Mulholland/Getty Images

Here's what we know about Paul and Tyson's pay, as well as other financial details of an event that many consider more of a spectacle than a sport.

How much is Mike Tyson getting paid for the fight?

Mike Tyson, 58, is regarded as one of the best boxers of all time, and his net worth is estimated to be $10 million by Celebrity Net Worth. That is a small figure in comparison to the hundreds of millions of dollars "Iron Mike," as he is known, has earned during his career, including $400 million in bout purses, according to Forbes. Tyson has also worked his way back over the previous decade, after declaring bankruptcy at the age of 37 in 2013. 

Though Tyson's promoters have not revealed how much he will receive in Friday's bout, rumors from internet sites, like DraftKings Network, predict he will make over $20 million. 

That's nearly the same amount Tyson earned in his 1988 contest against Michael Spinks, which was a record purse at the time (worth around $53 million now after inflation). That fight lasted less than two minutes, with Tyson knocking out the previously unbeaten Spinks in 91 seconds. 

Tyson was sentenced to six years in jail in 1992 after being found guilty of raping a teenage beauty contestant. He was freed on parole after three and a half years and returned to boxing in 1995, defeating Peter McNeely by technical knockout in under 90 seconds.

Tyson would earn $30 million for each of his following four fights, including the controversial 1997 battle against Evander Holyfield, in which Tyson bit off a portion of his opponent's right ear. Tyson was disqualified from the fight, had his boxing license revoked, and was fined $3 million, but he was able to keep the purse.

At a news conference on Wednesday, Paul donned a diamond-spiked ear cover, a clear allusion to the event. When it comes to making light of the ear biting, Tyson beat Paul to the punch, launching ear-shaped marijuana sweets (with Holyfield's permission) through his firm, Tyson 2.0, a premium cannabis brand founded in 2021. Forbes Australia estimates that the brand will produce $150 million in revenue in 2023.

How much is Jake Paul getting paid for the fight?

Jake Paul, 27, is anticipated to earn $40 million for the bout, according to DraftKings Network and other sources, more than double Tyson's salary. A simple answer may be that Paul, a top social influencer with 27 million Instagram followers, is also the co-founder of Most Valuable Promotions, the firm advertising the spectacular in collaboration with Netflix. Celebrity Net Worth estimates his net worth at $80 million.

Paul, a former child star and YouTube prankster who began his boxing career in 2018, has a 10-1 fight record, mostly against mixed martial artists and other pro-boxing novices. He lacks neither confidence nor showmanship. His arrogant demeanor earned him the new moniker "El Gallo de Dorado" or the Golden Rooster, adopted by supporters in Puerto Rico. Previously, he was dubbed "The Problem Child," a self-explanatory title based on the internet character he's created for himself over the years.

At this week's open training session with Tyson at the Toyota Music Factory in Irving, Texas, Paul went all Gallo, wearing a red-feathered skirt over his boxing shorts and a rooster cap. Paul is the perfect example of how social media is combining sports with Barnumesque entertainment. 

In a TikTok video that was shared on Tuesday, a shirtless Paul, slumped on a couch with a prosthetic belly to make himself appear unhealthy, places money stacks on his protruding stomach and offers "Mikey, Mikey" an extra $5 million if the former champion can stay in the ring with him for more than four rounds. If he doesn't, Paul says in the video, the aged fighter will have to get a tattoo reading "I love Jake Paul."

"This is why modern boxing is a joke," said one Reddit user in response to the video. "People get more excited about freak show fights than actual boxing matches." 

USA Today reported that Tyson and his camp have not publicly responded to the offer.

How much is the purse for the Jake Paul vs. Mike Tyson fight?

The undisclosed purse is estimated by some to be as high as $80 million. 

How much do tickets to the Tyson vs. Paul fight cost?

Last-minute tickets are still available for the Tyson vs. Paul bout, which will take place Friday at AT&T Stadium in Arlington, Texas. StubHub's top mezzanine tickets cost $69, while Vividseats' floor seats cost up to $32,392. 

Who do gamblers think will win the fight?

Tyson enters the ring on Friday, over 20 years after his last professional fight, as a +160 underdog, according to DraftKings' current betting odds. That implies a $100 bet on Iron Mike after retirement will result in a $160 profit if he wins. Paul is the -200 betting favorite to win. If the social influencer defeats Tyson, bettors will need to lay a $200 stake in order to benefit by $100. 

"There has been a lot of anticipation for this fight, and we have been pleased with the betting volume," DraftKings' director of sports operations, Johnny Avello, told CBS MoneyWatch. "We expect more action to come in the hours leading up to the fight." 

Although it is unclear how much will be gambled in total, ESPN reports that the tournament is generating some whale-sized wagers of $500,000.

DraftKings reports that 69% of all bets are presently on Tyson to win. "While Tyson is 58-years old now, people see one of the greatest boxers of all time at a favorable price and jump at that opportunity," according to Avello.

"While it won't match up to an event like the Super Bowl, it could certainly be our most bet boxing match of the year," according to him.

Not everyone will be able to gamble on the great match. Though the fight is sanctioned by the Texas Department of Licensing and Regulation, alterations to the regulations, such as shorter rounds and larger gloves, prevent it from being bet on in at least seven U.S. states.

How to watch the Jake Paul vs. Mike Tyson fight

Most fans will have the greatest seats at home, with Tyson vs. Paul available globally on Netflix. A typical Netflix membership package with advertisements costs $6.99 per month. The platform's broadcast begins at 8 p.m. Eastern Time. 

According to CBS Sports, the fight will be Netflix's largest gamble on live sports ever. Netflix, which has 282 million customers in over 190 countries, recently tested the waters by streaming golf and tennis exhibitions.