Film Producer Jon Peters Betting $5 Million On Jake Paul To Beat Anthony Joshua

There’s a LOT on the line when Jake Paul and Anthony Joshua enter the boxing ring in 17 days — not only is El Gallo hoping to pull off the unthinkable and beat a former heavyweight champion … but one very famous bettor is looking to cash in BIG on an upset.

TMZ Sports is told … former Sony Pictures head Jon Peters is all-in on the YouTuber-turned-fighter’s chances against A.J. on Dec. 19 — to the tune of a whopping $5 MILLION wager.

So … why all the confidence in the Disney kid?? We’re told Peters and Paul recently had a lengthy chat about the bout … and the film producer (with flicks like “Flashdance,” “A Star Is Born,” and “Batman” to his name) was fully convinced.

We’re told Paul assured Peters he’s “gonna kick the s*** outta [Joshua]” at the Kaseya Center in Miami … and that was music to his ears.

The insane amount of dough could really pay off if Paul is victorious — depending on the odds Peters placed it at, that five milli could turn into a profit between $30-45 MILLION.

Paul’s currently a +650 underdog against Joshua … meaning a $100 bet would get ya $650 if he’s victorious.

We’re told Peters has plenty of people telling him he’s crazy for the bet … but he’s heard that plenty of times — including when he decided to make ASIB with Barbra Streisand.