Furniture Store Chain Owner 'Mattress Mack' Wins $75M on MLB World Series Bet

Texas furniture store owner Jim “Mattress Mack” McIngvale put down $10 million earlier this year on a bet for the Houston Astros to win the MLB World Series. Since then, the Astros won the world series against the Philadelphia Phillies, resulting in Mattress Mack netting a $75 million payout. 

Initially, Mack’s bet started with $3 million, which he placed on Caesars Sportsbook’s mobile app. Over the summer, the man added $7 million in bets for the Astros to succeed.

Despite the win, McIngvale won’t be keeping all the money. The furniture store owner offered a deal to customers of his store, saying he would refund any customer who spent $3,000 or more on furniture double their money back if the Astros were able to win the world series. Mack plans on using the $75 million to pay back customers who participated in the promotion. 

While speaking to ESPN, Mattress Mack spoke on the promotion and said, “Oh, it's definitely a win-win. These promotions just bring the brand to life and give us a ton of brand equity that we wouldn't have otherwise. The customers love it, so they're totally engaged and talk about it for years