Furnishings mogul ‘Mattress Mack’ units authorized sports-betting file with $5 million wager on Cincinnati Bengals

Jim McIngvale, higher generally known as “Mattress Mack,” has made historical past with a $5 million wager on the Cincinnati Bengals, the single-largest authorized sports activities guess ever. The earlier file was set with a $4.9 million guess on the Tremendous Bowl in 2002.

The one money-line guess was made on the Caesars Sportsbook app in Louisiana, which launched cellular sports activities playing on Jan. 28.

Final week, McIngvale, the proprietor of Gallery Furnishings in Houston, drove throughout the Texas border into Louisiana to make a $4.5 million guess on the Bengals. If the Cincinnati staff wins, he’ll gather $16.2 million.

McIngvale is thought for making multimillion-dollar bets on huge video games. He misplaced a $3.25 million guess on the Houston Astros within the World Collection final 12 months and a $6 million guess on Alabama to win the faculty soccer championship in January.

Mack informed CNBC in an interview that he wagers on sports activities as an insurance coverage hedge for the gross sales promotions he runs to attract clients into his Houston-based furnishings shops. The present promotion guarantees a refund on purchases of greater than $3,000 if the Bengals win the Tremendous Bowl.