Jim “Mattress Mack” McIngvale Lost $10 MILLION On Election Bet

Lauren Kelly

I know a lot of people didn’t wake up to Election results they thought they were going to see, but I don’t think anyone felt it the way that Jim “Mattress Mack” McIngvale did!

Mattress Mack, of Houston’s popular furniture store Gallery Furniture, made a pretty big bet about the election back in May that ended up costing him TEN MILLION DOLLARS.

omg.

Here’s Jim told customers back in May according to the ChronicleIf they purchased a mattress set priced at $2,000 or higher and chose a winning political party – Democrat or Republican – they could get their money back or receive even more money back in store credit.

Jim said, “If the party you pick wins this coming November 2016, you have the option to receive a 100 (percent) refund on your mattress set purchase, making it FREE or 150 (percent) of your purchase price value in the form of a Gallery Furniture gift certificate to used towards your next purchase.” (but you must read the rules of the contest)

The article goes on to say that, “Some 4,000 people stand to get their money back after Trump’s defeat of Hillary Clinton, to the tune of $10 million.

A lot of the Rs hedged and put down D saying that they would be happy the night of the election,” McIngvale said. Those that picked D for a Democratic win spent about $13 million. To celebrate the refunds, Gallery Furniture is throwing a party on Dec. 11 from 6 p.m. to 9 p.m. at the North Freeway location complete food and drinks for customers. For some, getting an extra financial windfall that close to the holidays should be a blessing.

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