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

Jada Pinkett Smith signs on to ‘Magic Mike’ sequel

jada

The star says she has been cast in a role that was initially intended for a man.

in Music

Tim McGraw, Faith Hill to be honored by Nashville symphony

timmcgrawfaithhill

The country couple will be recognized for their philanthropy work in their hometown.

in Lifestyle

Would you drink a beer-flavored latte? Starbucks wants to know

starbucks2

Dark beer lovers take note. Starbucks Corp is testing a "dark barrel latte" in a handful of its cafes in Ohio and Florida.

in Lifestyle

Home rum? Online booze delivery service is booming

beer

Less than 10 days after launching, an online beer run and convenience store service says business is so good, it is already considering expansion.

in Music

Randy Travis determined to regain full speech after stroke

randy-travis2

More than a year after suffering a debilitating stroke, the country star is still on a difficult road to recovery.