Texas supporter 'Mattress Mack' loses big after Longhorns fall to Washington in CFP semifinal game

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Businessman Jim "Mattress Mack" McIngvale does not shy away from putting his money where his mouth is — especially when it comes to sports teams that play in Texas.

A few days before the Texas Longhorns and Washington Huskies played in the Sugar Bowl, the well-known furniture salesman decided to place a $1 million wager on the Longhorns to win the national championship. McIngvale, who is also an avid supporter of the Astros, was also likely incentivized by the idea that Texas could compete for the national title inside NRG Stadium in Houston. 

"On Friday night, I drove to Louisiana to bet on my phone," McIngvale told FOX Sports. "I have an enormous passion for UT football."

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Houston fan Jim "Mattress Mack" McIngvale before Game Five of the World Series between Houston Astros and the Phillies at Citizens Bank Park on Nov. 3, 2022, in Philadelphia. (Elsa/Getty Images)

Texas was seeking to advance to its first football championship game since the 2009 season. Quarterback Vince Young led the 2005 Longhorns to victory in the BCS National Championship.

The Huskies managed to survive Texas' final drive to secure a thrilling 31-37 win in Monday night's College Football Playoff semifinal game in New Orleans.

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If Texas pulled off a comeback in the Sugar Bowl, McIngvale's $1 million bet at +270 odds at Caesars Sportsbook would have resulted in a hefty $2.7 million profit. If the Longhorns went on to win next week's championship game, he would have received a total estimated payout of $3.7 million.

According to