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.

Latest Headlines

yesterday in Viral Videos

When a brother loses a bet

Dance Bet

A guy loses a bet to his younger brother and must dance on a busy street corner for 30 minutes. What happens next is amazing.

yesterday in Entertainment

REVIEW: Johnny Depp and crew fail at ‘Transcendence’

This image released by Warner Brothers Pictures shows Johnny Depp in a scene from the sci-fi thriller "Transcendence."

Johnny Depp falls short of greatness in his latest film, but at least it's not "Lone Ranger."

yesterday in Trending, Viral Videos

TODAY’S MUST SEE: 50 most frustrating video game moments

Video Games Sonic

Playing video games can be fun, into you run into one of these situations!

yesterday in Lifestyle

Mazda recalls 190K SUVs for rust problem

The company logo is seen on the bonnet of a Mazda car during the media day ahead of the 84th Geneva Motor Show at the Palexpo Arena in Geneva March 5, 2014.

Mazda is recalling 109,000 Tribute SUVs in cold-weather states to fix rusting frame parts.

yesterday in Viral Videos

Fence FAIL

fence

A man who appears intoxicated tries his hardest to climb a fence, but it's not happening.

Latest Headlines

The company logo is seen on the bonnet of a Mazda car during the media day ahead of the 84th Geneva Motor Show at the Palexpo Arena in Geneva March 5, 2014.

In Lifestyle

Mazda recalls 190K SUVs for rust problem

Mazda is recalling 109,000 Tribute SUVs in cold-weather states to fix rusting frame parts.

recordstoreday

In Music

Record Store Day full of reunited bands, special editions

Record Store Day celebrates thousands of independent music shops around the world.

soundgarden

In Music

Listen to Soundgarden's 'Black Hole Sun' demo

Ahead of the 20th anniversary reissue of "Superunknown," Soundgarden releases the demo version of "Black Hole Sun."

davegrohl

In Music

Nirvana stars relieved by Hall of Fame finale failure

Dave Grohl and Krist Novoselic were just fine with the way the Rock Hall inductions ended.

arcticmonkeys

In Music

Arctic Monkey slammed for 'synchronized' live shows

British rockers Arctic Monkeys have been slammed for their "synchronized" live performances by their tour mates The Orwells.