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 Music

This week’s top alternative tracks

hozier

LISTEN: This week's top alternative songs, according to the weekly Billboard chart.

in Viral Videos

Elders play Grand Theft Auto V

20-overlay2

They have no problem shooting people, but they refuse to run a red light!

in Music

Gibson gives away guitars with ‘golden tickets’

gibson

The Great Gibson Grab will raise money for the Wounded Warrior Project.

in Entertainment, Viral Videos

Jimmy Fallon and Bill Gates drink ‘poop water’

11-overlay4

Bill Gates challenges Jimmy to taste test water from the Omniprocessor, which turns sewage into clean drinking water.

in Sports, Trending, Viral Videos

WATCH: A ‘bad lip reading’ of the year in football

25-overlay6

A look back on what NFL players (maybe) said this year.