Mattress Mack loses Super Bowl bet, will give $7M in refunds to customers

Jim McIngvale, aka 'Mattress Mack,' lost around $8 million after the Super Bowl. Now, he's betting on the Astros

February 3, 2014 9:17:24 AM PST
Jim "Mattress Mack" McIngvale is out $7 million after losing a Super Bowl bet with his customers.

The Houston furniture magnate said that if the Seattle Seahawks won the Super Bowl, he would give a full refund to anyone who spent $6,000 or more in the previous two weeks and had their furniture delivered by 5 p.m. Sunday.

Seattle defeated the Denver Broncos 43-8.

Gallery Furniture announced on its website after the loss that Mattress Mack would be giving $7 million in refunds.

Mattress Mack is known for his wild promotions. Last month, he's reported to have lost more than $600,000 over store deals made during the AFC and NFC championship games.