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Gallery Furniture Loses Super Bowl Bet, Owes $7 Million To Customers

Store owner Jim McIngvale, who goes by the nickname “Mattress Mack,” may be out $7 million, but he doesn’t seem to be too concerned. The reimbursements, which will be handed out during an event later this month, will average $7,000 per customer.

For its “Pigskin Promotion,” Houston-based Gallery Furniture bet big-spending customers that the Denver Broncos would defeat the Seattle Seahawks in Super Bowl XLVIII.

The company lost out on a similar promotion earlier this season after the AFC and NFC Championship games. Gallery Furniture handed out a total of $685,000 to 100 customers who correctly predicted the Seahawks and the Broncos would face off in the final game.

A Texas furniture store is out $7 million after betting on the wrong team.

McIngvale reportedly promised to provide any customer who spent more than $6,000 at Gallery Furniture by 5 p.m. But when the Seahawks took home the championship trophy Sunday, the company owed more than 1,000 customers a full refund.

“The accountant is pulling his hair out this morning, but the customers are happy and that’s what’s most important,” McIngvale told ABC News.

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Apparently, “Mattress Mack” is known for his extravagant advertising campaigns. Saturday with a refund if the Seahawks won

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