Mattress Mack gives Iowa sports betting operators a July bounce

Mattress Mack gives Iowa sports betting operators a July bounce

Article brief provided by Sports Handle
  • Chris Altruda, Sports Handle
August 4, 2022 10:17 PM
  • Chris Altruda, Sports Handle

Jim “Mattress Mack” McIngvale gave some spring to Iowa’s little guys in July.

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The Texas-based furniture magnate’s two $1 million futures wagers on the Houston Astros to win the World Series through Unibet and Betfred contributed to a sports wagering revenue surge in the Hawkeye State, according to figures released by the Iowa Racing and Gaming Commission on Thursday.

Those two bets contributed to a dramatic upswing in statewide revenue among operators, who combined to produce nearly $11.2 million from $108.6 million wagered. The 10.3% overall hold is the fifth-highest in 36 months of wagering in Iowa and also the fifth time the win rate cracked double digits.