Mattress Mac wins 75 MILLION!

on Astros World Series win. puttin yo money where yo mouth B!

loss is divided amongst 7 different Books

I wonder if we will find out how many free bedroom sets he had to give this year? It will put a dent in that $75M.

he bet early in the season at 10 to 1 so roughly 7 million but that's at retail price. just read where its the largest ever sports gambling win. know him, he'll give half of it away.

The money is going to customers, over 70 million in furniture purchases has to be refunded to customers because the Astros won. This creates a taxable situation for anyone that bought furniture that is now free. I

no u r way off. he bet at 10 to 1 when the promo began. he's out about 10 mil in merchandise sold since his wager, but a lot of the refund money will be spent back at the store. he's a master marketer and will offer more incentives to his customers. he turned 7.5 mil wager into 75 mil minus about 10 mil in refundable goods sold. so roughly 65 mil profit!

Actually,

McIngvale, for his part, now has to pay back all of the customers who took advantage of his promotion: Those who spent $3,000 or more on a mattress got their purchase free with the Astros win.

The Gallery Furniture owner says he’ll get back his initial $10 million he put in and the rest will go back to the customers.

“It’s gonna be pretty much a wash of giving the customers their money back, which is what we really want to do because then word of mouth advertising lasts for 20 or 30 years,” he told CNBC ahead of the World Series.

ok so I guess he sold 130 mattresses everyday for 6 months?

Very nice! What a calculated gamble.

they got video's on the net of him wheeling about 10 million in cash outta the casino in Vegas and onto a jet. then another, wheeling a wheelbarrow full of cash into his furniture store to start paying off his customers right there in the store in cash!!