Jim “Mattress Mack” McIngvale bet a combined $4.05 million on the Houston Cougars to win March Madness for a potential payout of nearly $40 million.
Paul Bois
McIngvale, known for the Gallery Furniture retail chain operating out of Houston, Texas, began putting money down on the Cougars earlier in the season for a combined total of $4.05 million.Early in the season Mack put down $1.05 million on Houston at FanDuel Sportsbook, added another $1 million on Houston at DraftKings and dropped $1 million on Houston at Caesars Sports. As the tournament drew closer, Mack dropped another $500,000 each on Houston at BetMGM and Barstool Sportsbook .
That’s a $4.05 million wager for an astounding $39.475 million payout including his stake. It wouldn’t be surprising if Mack adds a little more onto his bet if Houston advances to the Final Four, either. McIngvale earned a $75 million payout when the Houston Astros took home the 2022 World Series title, a good portion of which he pays back to customers who purchase in his stores. This year, should McIngvale win March Madness, customers who purchase more than $5,000 in his stores will get their money back.
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