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.

What's On 'KLH?

9th Annual STICKY FINGERS

StickyFingers2014_KLH_int_wp

Sample and judge the best BBQ, Chili, Wings, Dessert and Cheesy creations at the Waukesha Expo on Sunday, Oct 5th!

Hire Me MKE

HireMeMKE_620x400

Looking for a job around the Milwaukee area? Check out some openings>>

Wanna Play DJ?

HEYMOM

You can host your own show Sunday night at 6 on ‘KLH!

Recent Headlines

in Sports

Florida State’s Winston benched half a game

jameis

Heisman Trophy-winning QB Jameis Winston will be punished after shouting sexually-obscene comments in the student union.

in Entertainment, Weird

‘Frozen’ wedding gown for brides who can’t ‘Let it Go’

frozen

Brides everywhere can soon get married in true Disney fairytale style.

in National, World

Obama vows not to fight another ground war in Iraq

islamicstate

Support for ISIS increased after U.S. airstrikes began in Iraq and the militant group may take more hostages, senior officials say.