The shooting occurred near the 810 Billiards and Bowling Alley in Houston, where Takeoff was reported to have been playing dice.
After an altercation, a gun was drawn and Takeoff and two others were shot. The other two victims were rushed to hospital in private vehicles.
According to police in Houston, they found a man with a gunshot wound to the head at the scene upon their arrival and he was later pronounced dead at the scene.
According to their reports, there had been 40 to 50 people present at the location and they have pleaded for witnesses to the shooting to come forward.
'Please step up, get the information to us so we can bring some closure to this family who's hurting right now,' Houston Police Chief Troy Finner asked the public at a press conference.
In the group Migos, Takeoff had enjoyed much success in the hip hop world.
Along with Offset, Takeoff's cousin, Migos had begun performing in 2008 as 'Polo Club' out of their hometown in Lawrenceville, Georgia.
According to previous interviews width the band, rap music offered them the possibility of escaping the poor lives they grew up together in.
They began performing as 'Migos,' in 2010 and found their first success in 2013 with the song 'Versace.'