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 Entertainment

Today in entertainment history: July 22

costello

A look back at the Hollywood headlines that went down in history.

in Entertainment

‘Iron Man’ Robert Downey Jr. Hollywood’s highest-paid actor

robert

The 49-year-old star is the highest-paid actor for the second consecutive year, raking in an estimated $75 million.

in Music

Man gets probation in Taylor Swift trespassing

taylorswift

A Massachusetts man has been ordered to stay away from the singer after being convicted of trespassing.

in Entertainment

Neil Patrick Harris lands ‘American Horror Story’ spinoff role

neilpatrickharris

The "How I Met Your Mother" actor wants to guest star in the upcoming spinoff, "Freak Show."

in Lifestyle

Amazon wants to replace your library card

amazon

The company has rolled out a new subscription service that allows unlimited access to thousands of e-books and audiobooks.