Houston furniture magnate Jim “Mattress Mack” McIngvale spoke out against Texas legislation that would legalize mobile sports gambling, despite his history of placing massive multi-million-dollar sports bets as a promotion for his stores.
Legalized sports betting, however, has been the subject of debate for several years, with three-quarters of voters in aconducted last month saying they would support an increase in legal sports gambling, while Texas Lt. Gov. Dan Patrick opposes the bill—which would strictly legalize online sports gambling primarily through betting sites like DraftKings and FanDuel rather than in-person sports betting.
a 1992 law that had prohibited states from legalizing sports betting, leading many states to legalize the practice in recent years.McIngvale describes himself as"one of the biggest sports gamblers in the world," but wagering on sports is serious business for him. McIngvale uses his bets as a promotional tool ahead of major Houston games, typically placing a massive wager on Houston to win and promising to refund furniture purchases if they win.
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