On Tuesday, Jim “Mattress Mack” McIngvale, owner of Houston-based Gallery Furniture placed one of the largest bets ever taken by a U.S. bookmaker at a Mississippi book maker.
The bet wagered totals $3.5 Million dollars. McIngvale is attempting to mitigate money from potential refunds related to a promotion. The bet was placed at Scarlet Pearl Casino in Biloxi, Mississippi at +220 odds.If the Astros win the World Series, McIngvale will net himself $7.7 Million. The sum will be paid out by DraftKings sportsbook.
McGinvale has been running Astros victory related promotions dating back to 2017. That year, the mattress giant owed more than $10 Million in refunds to customers after the Astros beat the Los Angeles Dodgers in the Series. The current promotion states it will do the same this year in the event of a victory. He is also making bets with other various casinos and sportsbooks.