Houston furniture store loses Super Bowl bet, will give $7M in refunds to customers

Gallery Furniture customers will see $7 million in refunds after owner Jim "Mattress Mack" McIngvale made a bet on the Broncos winning - and lost (John Mizwa)

February 11, 2014 5:05:39 PM PST
Jim "Mattress Mack" McIngvale is out $7 million this morning 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 5pm 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.

We'll have more details on Eyewitness News at 11am.