Skip to main content
  1. Arts & Entertainment
  2. Celebrity

Furniture store Super Bowl bet: $7M owed to customers, 'Pigskin Promotion' loss

See also

A furniture store’s Super Bowl bet left a Texas Gallery Furniture retailer out a full $7M this week after betting on the Denver Broncos to win against the Seattle Seahawks, leaving its owner now owing quite a pretty penny to over 1,000 customers. While the Super Bowl may stand as a pop culture event that marks millions of little gambles between friends on whose favorite football team will win, the store owner may have bit off more than he could chew, as he now owes hundreds of people a full refund for their furniture. The Huffington Post shares this Monday, Feb. 3, 2014, that this bet was being called the “Pigskin Promotion,” but turned out to be a major loss for the company.

The furniture store Super Bowl bet involved retail store owner Jim McIngvale, commonly known by Texas locals as “Mattress Mack.” Gallery Furniture, housed in Houston, bet over $7M that the Denver Broncos would beat the Seahawks in the 2014 Super Bowl. Since this evidently didn’t turn out to be the case, the company now owes over 1,000 customers that recently bought furniture from the store a full refund of their bill.

Despite this massive loss in the “Pigskin Promotion,” McIngvale says that he isn’t too worried about losing the $7M. After all, the guests are happy and there’s always next year.

"The accountant is pulling his hair out this morning, but the customers are happy and that’s what’s most important,” McIngvale said in a statement to a local media source.

According to the press release provided on the furniture store Super Bowl bet, McIngvale allegedly promised his customers who spent over $6,000 at the Gallery Furniture store by this Saturday evening that they would be given a full refund should the Seahawks be able to win the football game. All in all, the reimbursements (to be distributed later this Feb. 2014) will amount to roughly over $7,000 per customer.

“Apparently, this interesting and gambling-loving ‘Mattress Mack’ is known for his extravagant advertising campaigns. 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.”

Advertisement

Arts & Entertainment

  • Miley Cyrus
    Find out why Miley Cyrus was forced to cancel a Kansas City 'Bangerz' show
    Video
    Today's Buzz
  • Kim Kardashian
    Watch Kim Kardashian transform from socialite to one of Hollywood's hottest moms
    Camera
    Celebrity Buzz
  • X-Men
    The final trailer for 'X-Men: Days of Future Past' is here, and it's marvelous
    Movie Buzz
  • Woman mugged
    A woman is mugged on live TV during a segment discussing the crime rate
    Pop Culture
  • Clint Lowery
    Exclusive: Clint Lowery talks about the new acoustic Sevendust album and much more
    Celebrity Q&A
  • Jermaine Jackson
    Jermaine Jackson shuts down filming of 'Celebrity Wife Swap' over hoarding accusations
    Video
    TV Buzz

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!