News

Mattress store loses $7M on Super Bowl bet

Mattress store loses $7M on Super Bowl bet

A LOT OF MATTRESSES: Quarterback Russell Wilson (above) led his team to their first Super Bowl victory. Houston furniture store mogul Jim McIngvale is out some $7 million on the big game. Photo: Associated Press

HOUSTON (AP) — Mattress Mack is a big Super Bowl loser.

Houston furniture store mogul Jim McIngvale is out some $7 million on the big game.

He owns the Gallery Furniture store chain. Mattress Mack promised to refund large purchases made in the two weeks before the Super Bowl if Seattle won.

Of course, Seattle won big, beating Denver 43-8.

McIngvale says his accountant is “pulling his hair out.” Mattress Mack adds the loss won’t be covered by insurance.

COMPLETE COVERAGE: Super Bowl XLVIII

Some Super Bowl bettors scored by big on Sunday’s blowout. Fans who bet the first score in the game would be a safety were paid 60-to-1. It was one of the so-called proposition bets on minor points of the game, including which team would win the coin toss.

But overall, the Las Vegas casinos were the big winners. Nevada state gaming officials say early figures show the casinos made nearly $20 million in profits.

Nevada sportsbooks have lost only twice on the Super Bowl in the past 20 years.

Recent Headlines

in Black Friday, National

History of the holiday: Thanksgiving

Fresh
14-overlay1

Thanksgiving celebrations date back to the first European settlements in America, but it wasn't until the 1860s that it was declared a national holiday.

in Black Friday, Entertainment, National

Obama pardons ‘Cheese,’ America’s top turkey

turkeypardon

The President pardoned the official Thanksgiving turkey in a tradition that is truly American.

in Sports

Source: Redskins to start Colt McCoy over RG3

rg3

The Washington Redskins plan to start Colt McCoy over Robert Griffin III on Sunday against the Indianapolis Colts.

in National

U.S. Supreme Court Justice Ginsburg has heart procedure

ginsburg

Ruth Bader Ginsburg underwent a heart procedure after reporting discomfort following routine exercise.

in National

Storm threatens to foil Thanksgiving travel for millions

AP672980729096

A nor'easter packing rain and snow is posing special challenges and threatening to cancel flights across the country. a