As the NCAA Tournament’s Sweet 16 round got underway over the weekend, sportsbook and DFS operator DraftKings was the holder of a $1 million wager. Jim “Mattress Mack” McIngvale bet $1 million on Houston to win the championship at 9-1 odds with DraftKings, making it one of the biggest March Madness bets ever.
This historic wager will win $9 million, and it follows his $3.46 million winning Super Bowl wager on the underdog Tampa Bay Buccaneers.
Mack had this to say regarding his current seven-figure wager: “Anything can happen in March Madness as we all know, but I’m 10 toes down on Houston to bring the national title to Texas, and willing to stake a million dollars with DraftKings on that outcome.
‘Unparalleled sportsbook experience’
“DraftKings continues to offer an unparalleled sportsbook experience and has rewarded customers during the opening rounds for underdog picks. I look forward to having skin-in-the-game for the rest of March Madness and seeing these young men compete, especially after the tournament was cancelled last season.”
DraftKings’ Director of Race and Sports Operations, Johnny Avello, commented: “Mack has established himself in the sports betting community with several historic wagers over the years, and we are thrilled to take his latest action on Houston at 9-1 to win the NCAA Tournament.
“Houston has had a fine year and favourable start to the tournament, so we wish Mack the best of luck on his million-dollar bet as these highly entertaining and more advanced stages of March Madness unfold.”