Netflix is reportedly paying at least $60 million in purses to make history in its first-ever, live, non-pay-per-view sports broadcast tonight.

The streaming giant's venture into live programming pits 27-year-old YouTuber-turned-boxer Jake Paul against 58 year-old 'Iron' Mike Tyson.

The big fight between "Iron Mike" and "The Problem Child" is scheduled to take place at AT&T Stadium, the Arlington, Texas home of the Dallas Cowboys.

The venue, which holds 80,000, has hosted some major boxing matches over the years, including multiple fights featuring former champion Manny Pacquiao current pound-for-pound No. 1 Canelo Álvarez.

Tyson will be fighting out of the red corner on Friday night, and weighs in at 228.4 pounds.

"This fight is not going to change my lifestyle financially," Tyson said.

"I feel I can beat this guy."

Paul will fight from the blue corner of the ring and enters the fight at 227.2 pounds.

“I’m here to make $40m and knock out a legend,” Jake Paul told interviewers.

The fight has garnered a great deal of attention as nobody knows how a 58-year-old Mike Tyson is going to look in his first sanctioned competitive fight since 2005.

Things got a littel heated at the weigh-in...

For now, the betting markets favor Paul over Iron Mike, with Tyson's odds fading today...

Betting odds generally favor Paul due to his youth and recent activity, but there's a significant portion of the public and some experts betting on Tyson, driven by nostalgia and his raw power.

While many factors could play into the outcome, if one were to go by the majority of expert opinions and odds:

Jake Paul is likely to win due to his youth, recent fighting experience, and physical advantages. However, Mike Tyson's power and experience make him a dangerous opponent, and if he can catch Paul with a solid punch, nothing can be ruled out.

The fight's result might also depend on how Tyson has prepared, considering his age and health conditions.

Remember, in boxing, one punch can change everything, especially when it comes from someone with Tyson's history.

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Netflix will start coverage of the full fight card at 2000ET.

Who are the Jake Paul-Mike Tyson Ring Girls?

As PJMedia's Scott Pinsker warns, make no mistake, Mike Tyson is still a master artist. He’s still an all-time great. 

Jake Paul is scribbling with crayons. 

On their merits, if Tyson has ANYTHING left, he will flatten Paul. It shouldn’t go more than a couple of rounds, two minutes or not. Mike Tyson on Testosterone Replacement Therapy is probably less like a guy pushing 60 and more like an athlete in his 40s.

If the fix is in, it’s almost certainly for Tyson to take the dive. That’s how it’s always been in boxing: The old lion makes way for the younger (and more marketable) lion. 

Some boxing insiders suspect as much.

After all, Paul has exponentially more to lose: If Tyson loses, he’s still Mike Tyson, but if Paul loses, he’s done.