Jim “Mattress Mack” McIngvale has just pocketed the biggest sum of money in the history of sports betting. 

A renowned furniture entrepreneur, philanthropist, and gambler, McIngvale won $75 million after placing a significant wager on his favorite team, the Houston Astros.

The Astros won the World Series by defeating the Philadelphia Phillies 4-1 in Game 6.

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The Proceeds Will Be Donated to Promotions and Charities

Mattress Mack is not unfamiliar with high-stakes gambling. Last year, he wagered $9.5 million on the Super Bowl but lost everything when the Cincinnati Bengals were unable to win. 

However, the astute businessman apparently took advantage of the opportunity to sell $20 million in furnishings through game-related promotions, hedging his risks.

McIngvale appears to have taken a similar tactic with this latest gamble, giving big bonuses to Gallery Furniture customers should the Astros win the championship. 

As a result of the team’s triumph, all consumers who purchased certain products valued over $5,000 during the bonus campaign are now eligible for a refund of twice the amount they spent. This action represents McIngvale’s desire to contribute to the community.

McIngvale, a well-known philanthropist, took advantage of the occasion to donate 200 mattresses to Houston’s first responders and veterans. He routinely donates his gaming profits to philanthropy and charitable causes, frequently being the first to respond to catastrophic weather situations such as the Texas power outage of 2021 and winter storms.

McIngvale Solidifies His Position as a Houston Icon

McIngvale had to distribute his $10 million stake among multiple sportsbooks, including BetMGM, WynnBet, BetFred, and Barstool, in order to reach his record-breaking winnings. Caesars must pay the successful entrepreneur $30,000,000 because he placed the largest wager.

McIngvale was chosen to throw out the ceremonial first pitch prior to the last game, making the Astros’ eventual victory even more dramatic. Later, the tycoon posted a photo of his wins on his official Twitter account, seizing the opportunity to thank his people for their continuous support and to pledge to do everything in his power to give back to the city.

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