'Mattress Mack' Loses $1 Million Bet on Texas Longhorns in Sugar Bowl

McIngvale's Betting Losses Total $10.25 Million Over Past Three Years

Jim 'Mattress Mack' McIngvale placed a $1 million bet on the Texas Longhorns to win the National Championship, which they lost in the Sugar Bowl against the Washington Huskies.
McIngvale's bet would have resulted in a $2.7 million profit if Texas had won the Sugar Bowl, and a total estimated payout of $3.7 million if they had gone on to win the championship game.
According to The Action Network, McIngvale has lost approximately $10.25 million in sports wagers over the past three years.
Despite his losses, McIngvale has had some significant wins, including a $75 million payout when the Astros won the 2022 World Series.
The Washington Huskies will now advance to the national title game against Michigan.