‘Mattress Mack’ earns record $75 million sports betting payout after Astros World Series win

A Houston, Texas furniture store owner made history by winning biggest sports betting payout after the Houston Astros won the World Series on Saturday.

Jim McIngvale, also known as ‘Mattress Mack’, won $75 million in payday after the The Astros beat the Philadelphia Phillies in six games, the 71-year-old announced in a Tweeter which showed him holding a suitcase full of money.

In a statement posted on Twitter, McIngvale expressed his gratitude to the City of Houston, the Astros and his wife Linda.

“This past week has been especially… beyond words,” he said.

McIngvale said he would use the $75 million to cover the costs of a new promotion at his Houston-area Gallery Furniture stores in which he said anyone spending $3,000 or more on mattresses would get all of it. of its purchase for free.

Jim “Mattress Mack” McIngvale of Houston holds some of the tickets in Atlantic City NJ, Tuesday, Nov. 1, 2022, showing the bets he made on the Houston Astros to win the World Series of Baseball.

AP Photo/Wayne Parry

McIngvale told ESPN last week that he put $10 million on the Astros to win the World Series, spreading the bet across different platforms, including $1 million with WynnBET and $3 million with Caesars Sportsbook. At the time he placed the bets, the Astros’ odds of winning the title were around +750 on sports betting apps, earning him the $75 million prize.

Sports betting analytics company Action Network had previously confirmed that $75 million would be the largest payout ever.

McIngvale became famous for his multi-million dollar sports betting on football, college basketball, baseball, and horse racing. He earned about $15 million when the University of Kansas won the NCAA men’s basketball tournament in April, CBS Sports reported, but also lost nearly $10 million in February when he bet the Cincinnati Bengals would win Super Bowl LVI. He also lost $1.5 million earlier this year in the Kentucky Derby, according to the launderer’s report.

Last year he lost a $3.2 million bet on the Astros to win the World Series.

McIngvale also drew attention last year for allowing hundreds of local residents to shelter in its Gallery Furniture stores when a massive snowstorm left Texans without heat or power. In 2017, it also turned some stores into shelters after Hurricane Harvey hit.

After Saturday’s win, he said he would do whatever he could for the Houstonians.

“I love you all. I love this city. I would do anything for this city. And I would do anything for you,” McIngvale said. “I am so proud to be a part of this city and will ALWAYS stand up for what is right, and like in Harvey, Imelda and others will always do my best to act FAST on the side of the people.