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Mattress Mack's record $75 million Astros payout will cost Caesars, Penn big this quarter

Summarized by: Live Sports Direct
 

Mattress Mack's record-breaking $75 million payout on a wager that the Houston Astros would win the World Series will cost Caesars and Penn Entertainment big in their digital businesses this quarter. Caeres will pay out $30 million from McIngvale's May 13 bet on the Astros for $3 million at 10-1 odds. Penn will have to pay $10 million. Wynn will comment on McInver's wagers on Wednesday. Caerds and Pennsylvania are on path to profitability in growing digital segments. DraftKings stock plummeted Friday after CEO Jason Robins predicted higher losses next year.

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Mattress Mack World Series Houston Astros Penn Entertainment
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You've probably heard of Jim "Mattress Mack" McIngvale -- who likely needs no introduction at this point -- but the Texas furniture industry titan has another massive wager on the Houston Astros to win the 2023 World Series. After McIngvale won $75 million on his World Series bets on the Astros last year, "Mattress Mack" is back with a $1 million…
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Texas furniture tycoon and gaudy sports bettor Jim "Mattress Mack" McIngvale placed a hefty $2 million bet on the Astros to win the World Series. It would appear that he has confidence in a repeat for Houston after finally placing the wager just before the playoffs, although the payout could've been much greater if he placed it in July when the…
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Image Source: Shutterstock.com The newest chapter in the Mattress Mack lore has been written as the furniture mogul won $75 million from betting and singlehandedly brought Louisiana mobile sports betting revenue down. While Mack's win is old news by now, the profound effect his spectacular win has had on the industry just became evident. Jim…
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No one was happier than Jim " Mattress Mack " McIngvale when the Houston Astros won the World Series earlier this month, and that might include the players and coaches on the team. Why? Because the second the Astros put away the Philadelphia Phillies in Game 6, McIngvale turned a $10 million wager into a $75 million profit, breaking the record for…
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Mattress Mack's record $75 million Astros payout will cost Caesars, Penn big this quarter

Mattress Mack's record $75 million Astros payout will cost Caesars, Penn big this quarter

Mattress Mack's record-breaking $75 million payout on a wager that the Houston Astros would win the World Series will cost Caesars and Penn Entertainment big in their digital businesses this quarter. Jim "Mattress Mack" McIngvale, the Texas furniture salesman who famously hedges his sports bets with furniture promotions, placed $10 million on his…
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Mattress Mack wins record $75 million on Astros World Series bets

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McIngvale had a combined $10 million in bets at various sportsbooks riding on the Houston Astros to win the World Series, with average odds of 7.5-to-1. The team accomplished the feat with a 4-1 victory over the Philadelphia Phillies in Game 6 of the Fall Classic, netting McIngvale an estimated $75 million in winnings-the largest legal sports…
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Mattress Mack World Series bets could net him $75 million

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