Louisiana’s betting proceeds slump on $40m Astros payout

Houston furniture store owner Jim'Mattress Mack' McIngvale experienced a significant financial setback when the Houston Astros lost in Game 7 of the American League Championship Series to the Texas Rangers. McIngvale had placed several substantial bets, including a 6.9 million dollar wager on the Astros winning the World Series, along with three…

Jim "Mattress Mack" McIngvale has accumulated quite the track record in recent years when it comes to his massive bets. With the Houston Astros falling short of reaching the World Series, McIngvale will lose a considerable chunk of change. The Houston-area furniture store owner lost at least $7.9 million on Astros bets, according to Vegas Insider…

Houston furniture store owner Jim'Mattress Mack' McIngvale suffered a significant financial setback due to the Houston Astros' loss in Game 7 of the American League Championship Series to the Texas Rangers. McIngvale had initially wagered 6.9 million dollars on the Astros to win the World Series. He had also placed three other bets during the…

Houston-area furniture store owner and noted sports better Jim'Mattress Mack' McIngvale lost out on a major cash prize as a result of the Houston Astros' loss on Monday night. Houston lost Game 7 of the American League Championship Series to the Texas Rangers 11-4, ending their World Series hopes. McIngvale won $75 million last season after betting…

Bob Levey/Getty Images. Pictured: Jim "Mattress Mack" McIngvale throws out the first pitch before the Houston Astros play the Philadelphia Phillies at Minute Maid Park. Jim'Mattress Mack' McIngvale has never been afraid to bet big. But big bets sometimes come with big losses. McIngvale had a large sum riding on his beloved Houston Astros to win the…

In the world of high-stakes sports betting, one name stands out: Jim "Mattress Mack" McIngvale. With a knack for making audacious bets, McIngvale has made waves, racking up incredible wins and losses that have left the sports betting world astir. Last year, "Mattress Mack" turned heads by amassing over $70 million in winnings, a significant portion…

According to the Louisiana State Police figures, the state's mobile sportsbooks took a Mack-driven $27.6-million loss in November, compared to nearly $26 million in net proceeds during October. The latest monthly numbers for sports betting in Louisiana were dealt a big blow by the massive wagers made in the state by the notorious "Mattress…

The "Mattress Tax" in Louisiana was king-sized in November. Jim "Mattress Mack" McIngvale's winning futures wagers on the Houston Astros to win the World Series at multiple mobile sportsbooks in the Pelican State paid out handsomely in November. They also left Louisiana with an ugly red number when it came to gross revenue for sports wagering. The…

LAS VEGAS, Nev. (FOX5) - Businessman, philanthropist and gambler, Jim "Mattress Mack" McIngvale, will leave Las Vegas with some extra money to his name after collecting his massive World Series payout. According to Caesars Entertainment, "Mattress Mack" visited Caesars Palace in Las Vegas on Thursday night to receive his $30 million payout from…

Businessman Jim'Mattress Mack' McIngvale won the largest payout in sports betting history after his hometown Houston Astros won the World Series Saturday (November 5) night. McIngvale won approximately $75 million by placing a $3 million futures bet on the Astros to win the World Series at 10-1 odds on Caesars Sportsbook's mobile app on May 13 at a…

Sports gambling is a dangerous game - but damn, it feels good when you pick a winner. Nobody is experiencing that thrilling dopamine rush more than Jim "Mattress Mack" McIngvale, who just won USD$75 million (AU$115 million) betting on his beloved Astros. According to multiple reports, it's believed to be the largest payout in sports betting…

The Houston Astros helped Jim'Mattress Mack' McIngvale become the biggest winner in sports gambling history after he pocketed a massive $75million in winnings after their World Series triumph. The Astros clinched the World Series title by beating the Philadelphia Phillies 4-1 in Game 6 of the Fall Classic at Minute Maid Park Saturday night. With…

The house doesn't always win. Mattress Mack just beat sportsbooks out of $72.6 million. Houston furniture store owner Jim "Mattress Mack" McIngvale now owns the biggest win in sports betting history after cashing $10 million in World Series wagers Saturday night when the Astros beat the Phillies in six games. Yordan Alvarez crushed a go-ahead…

With $10 million riding on the Astros to win the World Series, with an average payout of 7.5-to-1 odds, McIngvale would bring in a record-setting payout of $75 million if Houston was to secure the Commissioner's Trophy this week. Of course, as part of an ongoing promotion at Gallery Furniture, he would have to refund qualifying customers for their…

Sportsbooks are bracing for their largest collective loss in sports betting history. If the Astros win the World Series over the Philadelphia Phillies, Houston furniture store owner Jim "Mattress Mack" McIngvale will win a record $72.6 million from six different books from $10 million in futures bets on his hometown team. "I suspect that will be…

Astros fans would love nothing more than to see Jim "Mattress Mack" McIngvale cash in on his most recent venture into sports gambling. If McIngvale wins, Houston wins. Besides a big check for McIngvale, it also will mean the Astros beat the Phillies in the World Series and everyone who bought at least $3000 worth of mattresses and bed sets from…

A couple hours before the Houston Astros deliver the first pitch against the Philadelphia Phillies in Game 1 of the World Series at Minute Maid Park, Jim McIngvale will be across the street at the Annunciation Catholic Church, praying the Rosary. McIngvale, the 71-year-old Houston furniture entrepreneur and renowned gambler affectionately known as…

It was likely a rough night's sleep for Jim "Mattress Mack" McIngvale, as the super fan once again struck-out with a multi-million dollar bet on his Houston Astros. What some might call a gambling problem, the Gallery Furniture chain owner jokingly calls a promotional problem. Jim McIngvale, better known as Mattress Mack, has become somewhat of a…

Shirell Parfait-Dardar is Louisiana's honoree for USA TODAY's Women of the Year programShirell Parfait-Dardar is Louisiana's honoree for USA TODAY's Women of the Year program. Mattress Mack's $1 million March Madness bet made in Louisiana stayed alive after the Houston Cougars advanced to the Sweet 16 with wins against Northern Kentucky and…

Louisiana made around $26.5 million in taxes from the first 12 months of legalized sports betting, according to data from the Louisiana Gaming Control Board, though the state has yet to see exactly how a full year of mobile betting will affect the state's coffers. Legal sports betting at retail locations launched in Louisiana in November 2021, and…

A year ago, Jim "Mattress Mack" McIngvale pocketed a record-setting sports-betting win on his Houston Astros. On Monday night, his effort to cash out huge two years in a row came to an end. The Texas Rangers rolled over the Houston Astros 11-4 in Game 7 of the American League Championship Series, advancing to the World Series. In so doing, the…