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 National

Buzz Aldrin wants to colonize Mars

Fresh
12-overlay17

The second man to walk on the moon is pushing for a Mars settlement by 2040.

in National

U.S. vaccination rates high, but pockets of unvaccinated pose risk

vaccine

The vast majority of U.S. kindergarten-age children are vaccinated against preventable diseases but sizable pockets of unprotected children still exist, posing a public health threat, according to a government study.

in Sports

Tribute to Justin Wilson before Sunday’s finale

justinwilson

Justin Wilson's race car will be back on track for the IndyCar season finale.

in Sports

Serena insists pressure not a factor in Grand Slam bid

serena

Serena Williams says she is treating the upcoming U.S. Open just like any other, even though she is well aware of the historical impact the year's final grand slam may have.

in National

Eying volatile markets, Obama urges Congress to pass budget

obama

President Barack Obama on Thursday urged the Congress to avoid contributing to global economic uncertainty and quickly pass a budget before a deadline at the end of September to prevent a government shutdown.