DraftKings announced Saturday that a Houston furniture store mogul placed a $1 million bet on the University of Houston to win the 2021 NCAA men's college basketball tournament.
DraftKings noted that the bet will pay out a total of $10 million ($9 million in profit) if the Cougars win it all at 9-1 odds:
DraftKings SportsbookMATTRESS MACK IS BACK After taking a late-night flight to Colorado, he wagered $1,000,000 on Houston to win the National Championship. If they win, the bet would pay out $10,000,000 ud83eudd11 https://t.co/MJdzMmAfwd
The bet was placed by Jim "Mattress Mack" McIngvale, who owns Gallery Furniture stores in the Houston area and is well known for placing huge sports bets.