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

33 mins ago in Entertainment

Today in entertainment history: Feb. 12

Fresh
hammer

A look back at some of Hollywood's most memorable moments.

13 hours ago in Entertainment

REVIEW: ‘How To Be Single’ feels the same while trying too hard to be different

22-overlay-9

"How to Be Single" makes a valiant attempt to send up rom-com clichés but it borrows so much from other, better movies that you start to wonder if the film’s title should be "How to Commit Larceny."

13 hours ago in Music

Charles Kelley is a dad

charleskelleycassiekelley

The "Need You Now" singer and his wife Cassie McConnell Kelley welcomed son Ward Charles Kelley on Thursday.

15 hours ago in Entertainment

‘Star Wars’ producers face charges in Harrison Ford’s on-set accident

18-overlay-7

The "Indiana Jones" star broke his leg when the door of the Millennium Falcon fell on him during filming in 2014.

15 hours ago in Lifestyle

More Americans turning to Internet to play Cupid

tinderreuters

Just in time for Valentine's Day, a survey shows that more Americans are looking for love through online dating, with more than four times as many young adults using mobile apps than in 2013.