Jim “Mattress Mack” McIngvale, who previously won $72.6 million after the Houston Astros clinched the 2022 World Series, has once again made headlines with a $2 million wager on the Super Bowl, betting on the New England Patriots.
The famed Houston-based furniture mogul placed his bet at Caesars Sportsbook, choosing the AFC to emerge victorious in Super Bowl 60 with odds set at 2-1. This bet was placed prior to the AFC championship clash between the Patriots and the Denver Broncos, promising a potential payout of $4 million should New England defeat the Seattle Seahawks.
Sources from the industry report that this wager stands as the largest Super Bowl bet disclosed so far.
This Super Bowl action is linked to a promotional offer from Gallery Furniture, where customers spending $4,000 or more can receive a full refund if the Patriots win. McIngvale has previously employed similar betting strategies to mitigate refund liabilities connected to significant sports promotions.
At the age of 74, McIngvale has established himself as a familiar figure in the American sports betting arena through several high-stakes wagers related to professional championships. In 2022 alone, he reportedly placed a staggering $10 million in bets on the Astros’ World Series victory, culminating in a historic payout of $72.6 million, one of the all-time largest legal wins in the United States.
As reported by Celebrity Net Worth, McIngvale’s net worth is projected to be between $300 million and $310 million in 2025, primarily due to the expansion of Gallery Furniture and sports-related promotional initiatives. His betting practices often align with retail marketing campaigns rather than acting solely as a wagering method.
Anticipations suggest that American bettors will legally stake a record $1.76 billion on the forthcoming Super Bowl LX, according to insights from the American Gaming Association (AGA). This figure reflects almost a 27% uptick year-over-year and encompasses only bets placed with authorized sportsbooks across 39 states and the District of Columbia. The AGA utilized data from state gaming regulators to formulate this estimate.