Montana, 31, shared on Snapchat a video of him boasting over his win over Drake, blaming the "Hotline Bling" hitmaker for "not believing in" LeBron James, reported Ace Showbiz.
"Shout-out to my brother Drizzy Drake for that 60 bands, 'cuz you ain't believe in LeBron (sic)," the "Don't Panic" rapper said in the black-and-white video.
He was smiling to the camera while watching the game on a sofa.
LeBron and the Cleveland Cavaliers took home the champion title over the Golden State Warriors on Sunday night, June 19.
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Drake, 29, is yet to comment on the bet.
He and Montana spent the last week vacationing in the Dominican Republic.
He shared on Instagram some photos from their getaway ahead of their "No Shopping" collaboration.