Mattress Mack Will Win $43M If Houston Astros Win World Series: Here's How Much You Could Win With $100
Portfolio Pulse from Chris Katje
Jim McIngvale, known as Mattress Mack, has placed several bets on the Houston Astros to win the 2023 World Series, totaling $6.9 million. If the Astros win, McIngvale stands to win $43.4 million. Several of the bets were placed with Caesars Entertainment (NASDAQ:CZR), which could see its profits hurt with a potential payout of $31.4 million. At least one bet was also placed with DraftKings Inc (NASDAQ:DKNG) with a potential $12 million payout. The Astros' games are aired on FS1, a unit of Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA).
October 11, 2023 | 2:49 pm
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NEGATIVE IMPACT
Caesars Entertainment could see its profits hurt with a potential payout of $31.4 million if the Astros win the World Series.
The potential payout of $31.4 million to McIngvale if the Astros win the World Series could negatively impact Caesars Entertainment's profits in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DraftKings Inc could face a payout of $12 million if the Astros win the World Series.
The potential payout of $12 million to McIngvale if the Astros win the World Series could negatively impact DraftKings' profits in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Fox Corporation's FS1 channel is airing the Astros' games, which could potentially increase viewership and ad revenue.
The airing of the Astros' games on Fox's FS1 could potentially increase viewership and ad revenue for the channel in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Fox Corporation's FS1 channel is airing the Astros' games, which could potentially increase viewership and ad revenue.
The airing of the Astros' games on Fox's FS1 could potentially increase viewership and ad revenue for the channel in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60