Houston man bets 10 million on astros

Did someone bet $10 million on the Astros?

McIngvale, who threw out the ceremonial first pitch to start Saturday's series-ending game, bet $10 million in May that the Astros would win the World Series, in a handful of wagers with an average of 7.5-1 odds.

Who bet $10 million on the Astros?

Jim "Mattress Mack" McIngvale The world's sports famous sports bettor was seen pushing a wheelbarrow full of $10 million in cash Thursday night in Las Vegas. Jim "Mattress Mack" McIngvale was in town to collect the winnings from his 2022 World Series wagers in which he successfully bet on the Houston Astros.

What was the Houston Astros biggest bet?

McIngvale had placed a number of bets adding up to around $10m on the Astros to take the World Series, which meant he netted $75m when Houston closed out the championship with victory over the Philadelphia Phillies at Minute Maid Park. The sum is believed to be the largest payout in the history of sports betting.

How much did Mattress Mack bet on the Astros 2022?

$10 million In October, he told Bleacher Report's Greg Ivory that he had $10 million in bets on the Houston Astros to win the 2022 World Series. With the Astros winning the title over the Philadelphia Phillies in six games, McIngvale will earn an estimated $75 million payout, the largest in sports betting history.

Did the mattress guy win his bet?

Even though the he won what is believed to be the largest payout in legal sports betting history, the Houston mattress mogul won't be rolling in dough.

What is the largest sports bet ever won?

HOUSTON - Jim "Mattress Mack" McIngvale has collected the largest payout in sports betting history. On Thursday, Nov. 10, Mattress Mack was honored with a $30 million payout from Caesars Sportsbook.

Did Mattress Mack get paid?

Houston businessman Jim McIngvale, better known as “Mattress Mack,” took home the largest payout in U.S. sports betting history when the Astros recorded the final out in their 4-1 victory in Game 6. He cashed out a cool $75 million (before taxes).

Did the mattress man win his bet?

Even though the he won what is believed to be the largest payout in legal sports betting history, the Houston mattress mogul won't be rolling in dough.

What is the largest bet in history?

An American man, known as Mattress Mack, has won what's claimed to be the world's biggest-ever sports bet. The 71-year-old scooped a massive $75 million, which comes in at €75,026,250 in euros.

What is the biggest bet payout in history?

The $30 million payout is reportedly the largest for a single sports bet in legalized wagering history. “What can we say? We just wrote the biggest check in sports betting history to Mattress Mack for $30,000,000,” Caesars Digital COO Ken Fuchs said in a statement.

Has Mattress Mack won any big bets?

Jim "Mattress Mack" McIngvale, owner of Gallery Furniture in Houston, won approximately $75 million off $10 million in bets on the Astros to win the World Series. It's believed to be the largest payout in American sports betting history, with the bulk of the haul coming from Louisiana sportsbooks.

Did Mattress Mack win any money?

'Mattress Mack' wins $75M as Astros claim World Series title Ken Fuchs, COO of Caesars Digital, provided the below statement on the historic payout: “What can we say?

What is the biggest bet payout ever?

Famed sports bettor and furniture salesman Mattress Mack has completed what is believed to be the biggest legal bet in sports betting history. With the Astros' World Series win on Saturday, Jim “Mattress Mack” McIngvale cashed in on a payout of $75 million from various sportsbooks.

What is the highest bet ever placed?

An American man, known as Mattress Mack, has won what's claimed to be the world's biggest-ever sports bet. The 71-year-old scooped a massive $75 million, which comes in at €75,026,250 in euros.

What is the maximum you can win on Bet365?

The average maximum payout across all betting sites is £500,000. The highest maximum payout is £5,000,000, offered by Bet365.

What is the biggest sports bet payout in history?

HOUSTON - Jim "Mattress Mack" McIngvale has collected the largest payout in sports betting history. On Thursday, Nov. 10, Mattress Mack was honored with a $30 million payout from Caesars Sportsbook.

What is the largest bet payout?

The $30 million payout is reportedly the largest for a single sports bet in legalized wagering history. “What can we say? We just wrote the biggest check in sports betting history to Mattress Mack for $30,000,000,” Caesars Digital COO Ken Fuchs said in a statement. “Would we do it all again?

What's the biggest bet ever placed?

An American man, known as Mattress Mack, has won what's claimed to be the world's biggest-ever sports bet. The 71-year-old scooped a massive $75 million, which comes in at €75,026,250 in euros.

Who bet $2 million on the World Series?

Mattress Mack Mack added more futures bets on the Astros at 5/1 odds starting in July. He bet $2 million with BetMGM; $2 million with Barstool Sports, and $1 million each with Wynn, Unibet and Betfred. In total, Mattress Mack had $10 million on the line to win $75 million.

What is the maximum bet in Las Vegas casino?

Table maximums can be as low as $50 at the small locals casino Poker Palace, but major strip casinos usually offer some tables with a $10,000 maximum. Exceptions are the Golden Nugget in downtown which permits $15,000 bets, and three tables at Caesars Palace which permit bets between $5,000 and $50,000.

Who bet the equivalent of $1.6 million in bitcoin on the Super Bowl?

Drake Drake Turns to Bitcoin (BTC) For $1.3M Super Bowl Bet on Bengals vs. Rams - Bloomberg.

What is the max payout on Bet365?

The average maximum payout across all betting sites is £500,000. The highest maximum payout is £5,000,000, offered by Bet365.

Who has the largest sports bets in history?

HOUSTON - Jim "Mattress Mack" McIngvale has collected the largest payout in sports betting history. On Thursday, Nov. 10, Mattress Mack was honored with a $30 million payout from Caesars Sportsbook.

How much did Mattress Mack lose on his bet?

$9.2 million In the last two National Championships, the Houston furniture store owner has lost a whopping $9.2 million. "Mattress Mack" placed a cool $6.2 million on Alabama to defeat Georgia in the 2022 national title game and TCU to pull off the massive upset over Georgia on Monday night. $6.2M wagered on Alabama last year.

How much did Mattress Mack give back to customers?

Mattress Mack gets largest payout in sporting betting history. Mattress Mack received a $30M check and 11.3 million in rewards from Caesar's Sportbook. "I must've had 10 or 15 customers tell me so far today that it changed their life. You know, it's pretty significant when they say it changed their life.

What is the biggest bet ever placed in a casino?

Buried Life: Roulette The boys put $125,000 on even money roulette bets and tried to roll it over 3 times, and ended up making the largest roulette bet in Vegas history of $250,000.

Who has won the biggest bet in history?

An American man, known as Mattress Mack, has won what's claimed to be the world's biggest-ever sports bet. The 71-year-old scooped a massive $75 million, which comes in at €75,026,250 in euros.

What is the biggest gambling win in history?

The Top 5 Biggest Casino Wins of All Time

1. MGM GRAND, LAS VEGAS: $20- $40 MILLION. ...
2. CAESAR, BORGATA AND TROPICANA CASINOS, ATLANTIC CITY: $15 MILLION. ...
3. MOUNTAINEER CASINO RACETRACK AND RESORT, CHESTER, WV: $3.7 MILLION. ...
4. FIFTY CASINO, LONDON: $1.6 MILLION. ...
5. MONTE CARLO, MONACO: 1 MILLION FRANCS.

Is winning from Bet365 taxable?

Section 115BB of the Income Tax Act details the tax implications on income earned from online betting. Per this provision, the winning amount attracts a tax at a flat rate of 30% excluding cess.

Do Bet365 pay out big wins?

The average maximum payout across all betting sites is £500,000. The highest maximum payout is £5,000,000, offered by Bet365.

What does a +150 bet pay?

American odds A plus sign indicates how much money you would win on a wager of $100. For example, +150 odds would earn you an additional $150 on a winning $100 wager. A minus sign indicates how much money you must risk to win $100.

Who bet 3 million on World Series?

Jim McIngvale, founder of the Gallery Furniture chain and known as “Mattress Mack,” made wagers earlier this year including $3 million — at 10 to 1 odds — with Caesars in May that the Astros would win baseball's championship.

Can you win big at a casino?

Gambling is not a good alternative for earning extra cash. Each game you play at a casino has a statistical probability against you winning. Slot machine odds are some of the worst, ranging from a one-in-5,000 to one-in-about-34-million chance of winning the top prize when using the maximum coin play.

What is the highest win in a casino?

The Top 5 Biggest Casino Wins of All Time

1. MGM GRAND, LAS VEGAS: $20- $40 MILLION. ...
2. CAESAR, BORGATA AND TROPICANA CASINOS, ATLANTIC CITY: $15 MILLION. ...
3. MOUNTAINEER CASINO RACETRACK AND RESORT, CHESTER, WV: $3.7 MILLION. ...
4. FIFTY CASINO, LONDON: $1.6 MILLION. ...
5. MONTE CARLO, MONACO: 1 MILLION FRANCS.

Why did Tesla sell 75% of its Bitcoin holding?

Tesla's Chief Executive Officer Elon Musk said on the earnings conference call that the company sold the Bitcoin to maximize its cash because of Covid related uncertainty.

What was the biggest bet on the Super Bowl 2022?

$4.53 million Jim McIngvale, better known as “Mattress Mack,” said he drove 100 miles from Houston to cross the border into Louisiana on Thursday to make what's believed to be the largest mobile sports wager in U.S. history. The furniture store mogul bet $4.53 million on the Cincinnati Bengals to win Super Bowl LVI.

What is maximum bet limit?

A limit is the maximum amount that a sportsbook allows its bettors to wager on a given game or event. If, for example, you attempted to wager $150 on a game where the book wasn't comfortable taking bets over $100, you'd likely receive some sort of error message with the indication, “Limit: $100.”

What is the most money a person has won in a casino?

A player known as 'young engineer', only 25 years old, played the slot machines at the Excalibur in Las Vegas. Here he won the jackpot of over $39.7 million.

What is the biggest bet ever placed?

An American man, known as Mattress Mack, has won what's claimed to be the world's biggest-ever sports bet. The 71-year-old scooped a massive $75 million, which comes in at €75,026,250 in euros.

Which countries is Bet365 banned?

Places Where Bet365 is Banned or Restricted European countries that are restricted are Turkey, France, Belgium, Netherlands, Portugal, Poland, and Romania. In South America, they aren't available in Colombia, Venezuela and French Guiana. In Oceania, you wouldn't be able to bet from the Philippines.

Do bet wins get taxed?

Your Gambling Winnings are Considered Income All income is taxable and gambling winnings are considered income. They apply even if you aren't a professional gambler. If you win money from lotteries, raffles, horse races, or casinos – that money is subject to income tax.

What is the max Bet365 payout?

There is no set maximum withdrawal amount per day but withdrawal requests for amounts greater than £20,000 or currency equivalent may require additional arrangements. For full details on each specific payment type, please refer to Deposits/Withdrawals.

What does +700 mean in Vegas odds?

What does +700 mean in betting: If a team is +700 in a game, it means they are underdogs with 7/1 odds of winning. A $100 winning bet would pay out $700. What does +900 mean in betting: If you wager on a team at +900 you would win $900 for every $100 you bet.

What does 10X wagering the winnings mean?

This means that if you win while using a bonus, before you can claim these winnings, you must 'wager' or bet a certain amount. Wagering is usually written as 10X, this means that you need to wager or bet 10 times the bonus amount only.

Who bet 2 million on the World Series?

Mattress Mack Mack added more futures bets on the Astros at 5/1 odds starting in July. He bet $2 million with BetMGM; $2 million with Barstool Sports, and $1 million each with Wynn, Unibet and Betfred. In total, Mattress Mack had $10 million on the line to win $75 million.

What time is best to win at casino?

Many gamblers prefer hitting the casino after midnight or around 2 a.m when there's less traffic and increased chances of betting against high rollers. Con of evening gambling: Like going to the casino on weekends, expect more packed tables and slots during peak evening hours and fewer games available to play.

How much does the average gambler lose?

The survey found that callers lost an average of $115,000 over their lifetime. The average current debt due to gambling is $17,000.

What happens if you win millions at a casino?

Often, winners have up to 90 days to decide whether they want a lump sum or annuity, though in some cases they are not given a disbursement option, and only a lump sum is offered. Casino winnings are taxed as ordinary income and can bump winners to a higher tax bracket.

What is the biggest Vegas bet ever?

William Lee Bergstrom (1951 – February 4, 1985) commonly known as The Suitcase Man or Phantom Gambler, was a gambler and high roller known for placing the largest bet in casino gambling history at the time amounting to $777,000 ($2.56 million present day amount) at the Horseshoe Casino, which he won.

Why there will be only 21 million Bitcoins?

Bitcoin inventor Satoshi Nakamoto, the anonymous name used by the creator(s) of the Bitcoin cryptocurrency, designed the cryptocurrency with a cap to limit the supply. This increases its scarcity over time, which tends to increase demand and price.

What happens when BTC hits max supply?

Once the circulating supply reaches its maximum, Bitcoin miners will no longer receive block rewards. They will instead be rewarded with transaction fees, assuming there are no major protocol changes to Bitcoin between now and then.

What is the largest NFL bet ever?

(WXIX/Gray News) - Texas business mogul Jim McIngvale, known as the “Mattress Mack,” placed the biggest legal sports wager of all-time at $5 million on the Cincinnati Bengals moneyline (+170), according to Caesars Sportsbook.

What is the highest bet at a casino?

Buried Life: Roulette The boys put $125,000 on even money roulette bets and tried to roll it over 3 times, and ended up making the largest roulette bet in Vegas history of $250,000.

Do casinos have a max bet?

Table maximums can be as low as $50 at the small locals casino Poker Palace, but major strip casinos usually offer some tables with a $10,000 maximum. Exceptions are the Golden Nugget in downtown which permits $15,000 bets, and three tables at Caesars Palace which permit bets between $5,000 and $50,000.

How much do casinos win a day?

Pre-pandemic statistics vs 2020 In 2018, the average casino earned $1.9 million per day, with $662K attributed to gaming wins, $531K to rented rooms, $302K to food served, $143K to beverages sold, and $297K to other services offered.

Can I use VPN for Bet365?

By using a VPN you can hide your current IP address and make it appear to Bet365 that you are browsing from another country. We recommend NordVPN as the best VPN for logging in to Bet365 from abroad and we'll go into more detail as to why later in this article.

What country has no gambling restrictions?

For example, Australia, Brazil, New Zealand, Mexico, Japan, Singapore, Nigeria, etc. 93 countries do not prohibit online casinos and do not license them. They include Bolivia, Uruguay, Venezuela, Bahamas, Argentina, Egypt, Kenya, Tunisia, Kosovo, Gibraltar, etc.

What if I lost more than I won gambling?

Gambling Losses The amount of losses you deduct can't be more than the amount of gambling income you reported on your return. Claim your gambling losses up to the amount of winnings, as "Other Itemized Deductions."

How do I prove gambling losses?

Other documentation to prove your losses can include:

1. Form W-2G.
2. Form 5754.
3. wagering tickets.
4. canceled checks or credit records.
5. receipts from the gambling facility.

What does +1200 mean in odds?

What do +600 odds mean: These are Moneyline odds for a heavy underdog that payout $600 on a winning $100 wager. What does +1200 mean in betting: This is another example of Moneyline odds for a massive underdog. A $100 bet on a team at +1200 means a payout of $1,200 if successful.

Are +150 odds good?

When you see a plus sign in front of a number (like +150 for example) it tells you which team is the underdog. You get a higher payout betting on the underdog since they're less likely to win. The team with the plus sign (like +150) is the underdog.

What does +1200 mean in gambling?

What do +600 odds mean: These are Moneyline odds for a heavy underdog that payout $600 on a winning $100 wager. What does +1200 mean in betting: This is another example of Moneyline odds for a massive underdog. A $100 bet on a team at +1200 means a payout of $1,200 if successful.

What does +700 mean in odds?

Common Betting Odds Conversion Table

What happens if you win a lot of money at a casino?

If the winnings are larger, the options may change depending on the location of the casino and the game gambled upon. Some games allow for a lump sum disbursement, where the money is paid upfront. Other games disburse winnings through an annuity, where the money is paid in installments.

Is there a trick to winning slots at the casino?

There are no simple hacks, slots tips or tricks to winning on slot machines. If you want better odds to win on slots, you need to: Choose the slots that have high payouts. Choose the slots with the correct volatility level.

What is the most addicting gambling?

Electronic Gambling Machines The Illinois Institute for Addiction Recovery considers these types of gambling - slot machines and video poker - to be the "crack cocaine" of gambling. The Institute claims that it is their immediate gratification that makes video poker and slot machines so very addictive.

Is it a waste of money to gamble?

Key Takeaways. Gambling is not a good alternative for earning extra cash. Each game you play at a casino has a statistical probability against you winning. Slot machine odds are some of the worst, ranging from a one-in-5,000 to one-in-about-34-million chance of winning the top prize when using the maximum coin play.

What is the highest amount of money won in a casino?

1. MGM GRAND, LAS VEGAS: $20- $40 MILLION. One night, famous Australian billionaire Kerry Packer decided to try his hand at some blackjack and baccarat just for fun, and to find out what these games were like. Well, as the story goes, he won between $20 and $40 million.

Does the IRS know if you win money at the casino?

Winnings in the following amounts must be reported to the IRS by the payer: $600 or more at a horse track (if that is 300 times your bet) $1,200 or more at a slot machine or bingo game. $1,500 or more in keno winnings (minus the amount you bet)

Can Bitcoin go to zero?

The historic Bitcoin returns have helped such experts to calculate the risk-neutral disaster possibility, and they haven't ruled out the possibility of this virtual currency crashing to zero. However, some experts argue that this virtual currency will eventually lose its value due to its lack of intrinsic value.

How long does it take to mine 1 Bitcoin?

about 10 minutes So the network raises the difficulty of slowing down block production. With today's difficulty rate but much more advanced systems, it may take a solo miner about 10 minutes to mine one bitcoin. The average rate for most miners, however, stands at 30 days.

What will happen when Bitcoin reaches 21 million?

Bitcoin mining fees will disappear when the Bitcoin supply reaches 21 million. After that, miners will likely earn income only from transaction processing fees rather than a combination of block rewards and transaction fees.

How much Bitcoin is left to mine?

2.3 million Bitcoin How many of the 21 million Bitcoins are left? There are 2.3 million Bitcoin left to be mined. Surprisingly, even though 18.6 million Bitcoin were mined in just over 10 years, it will take another 120 years to mine the remaining 2.3 million. That's because of the Bitcoin halving.

What is the biggest blowout win in NFL history?

Dallas Cowboys 38 - 0 win over Tampa Bay Buccaneers in the NFC Divisional football game Saturday, Jan. 3, 1982, Irving, Tex. 38 point difference. New England Patriots 45 - 7 win over Indianapolis Colts during the AFC Championship playoff football game at Gillette Stadium on Sunday, Jan.

What is the biggest bet ever?

An American man, known as Mattress Mack, has won what's claimed to be the world's biggest-ever sports bet. The 71-year-old scooped a massive $75 million, which comes in at €75,026,250 in euros.

What is the best time of day to win at a casino?

Casino games are for entertainment, and their payouts are random, so there's no specific time of the day or week where you'll experience more wins.

Is Bet365 allowed in USA?

For quite a long time, Bet365 has not been accepting players from the USA. However, things have since changed. In 2019, Bet365 got into a deal with Hard Rock Atlantic, which runs a casino, and this legalized Bet365 in the USA.

Do they have casinos in Russia?

Land-based casinos are legal in some areas and not others. Regions where there are specially designated areas for land-based casinos in Russia include the Primorye, Krasnodar, Altay, and Kaliningrad regions.

What country gambles the most?

Which Countries Have the Highest Percentage of Gambling Population?

• Singapore. Around three-quarters of the population regularly play at casinos. ...
• Finland. Around two-thirds of the Finnish population gamble regularly, with the most popular form of gambling being the lottery. ...
• Australia. ...
• Ireland. ...
• The United Kingdom.

Can a gambler ever stop gambling?

There's evidence that gambling can be successfully treated in the same way as other addictions. Cognitive behavioural therapy (CBT) usually has the best results. Treatment and support groups are available for people who want to stop gambling.

Can I get my gambling losses back?

Gambling Losses The amount of losses you deduct can't be more than the amount of gambling income you reported on your return. Claim your gambling losses up to the amount of winnings, as "Other Itemized Deductions."

Can you get money back from gambling losses?

You can deduct gambling losses from your federal income taxes, but only if you itemize your deductions on Schedule A (Form 1040). The losses you deduct can't be more than your reported gambling income.

How do you recover from a huge gambling loss?

Here are a few things to do after a gambling loss occurs.

1. Acknowledge What You Are Feeling. Trying to numb what you are feeling by gambling will only make things worse. ...
2. Be Gentle With Yourself. ...
3. Open Up to Someone. ...
4. Take an Extended Break from Gambling.

What does +5000 mean in odds?

Positive moneyline: +145, +220, or anything similar Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.

What does +500 mean for NFL odds?

As the number increases, so do the stakes of the wager. A +500 bet means you can win $500 with a $100 wager; this is also known as 5-to-1 odds. Meanwhile, a -500 bet means you must wager $500 to win $100 (plus your original wager back).

What does +1100 mean on a bet?

When you see a plus sign in front of a number (like +150 for example) it tells you which team is the underdog. You get a higher payout betting on the underdog since they're less likely to win. The team with the plus sign (like +150) is the underdog. The number tells you how much profit you will win if you bet $100.

What is the best casino game to win money?

Blackjack Blackjack has the best odds of winning, with a house edge of just 1 percent in most casinos, Bean said. Plus, you are playing against only the dealer, not hooded poker champions.

Do people ever win big at casinos?

$39.7 Million – Excalibur Casino, Las Vegas In 2003, they decided to play the famous Megabucks slot machine, spending just $100 in their search for a big win. The win came in the form of a jackpot worth a staggering $39.7 million, which remains the largest jackpot ever in history.

What are the luckiest slots to play?

Top 10 slot machines with the highest RTP in 2021

• Ugga Bugga 99.07% RTP - Playtech. This curious offering is unlike other slots. ...
• Mega Joker, 99% RTP - NetEnt. This NetEnt classic is beloved by slots fans. ...
• Jackpot 6000, RTP 98.8% - Netent. ...
• Blood Suckers, 98% RTP - NetEnt. ...
• White Rabbit Megaways, 97.77 RTP - Big Time Gaming.

What time is best to gamble at casino?

Many gamblers prefer hitting the casino after midnight or around 2 a.m when there's less traffic and increased chances of betting against high rollers. Con of evening gambling: Like going to the casino on weekends, expect more packed tables and slots during peak evening hours and fewer games available to play.

Is a gambler happy?

There was a negative relationship between happiness and gambling. In other words, happiness decreased when gambling increased. Based on the DSM-IV criteria, abstainers and social gamblers had similar levels of happiness. At-risk and pathological gamblers had lower levels of happiness, but were similar to each other.

Do poor people gamble more than rich people?

Based on representative telephone interviews with nearly 5,000 people, ages 14 to 90, in the United States, the study found that problem gambling was twice as likely in neighborhoods with the highest levels of concentrated poverty compared to neighborhoods with the lowest poverty levels.

Do poor people gamble?

Why do the poor gamble much more than others? Multiple studies show, including from Florida Family Policy Council as well as University at Buffalo Research Institute on Addictions (RIA), that very low income households have an almost 100% higher rate of gambling than the general population.

How do casinos pay out large winnings?

If the winnings are larger, the options may change depending on the location of the casino and the game gambled upon. Some games allow for a lump sum disbursement, where the money is paid upfront. Other games disburse winnings through an annuity, where the money is paid in installments.

Can Bitcoins be lost forever?

Yes, you can lose Bitcoin (or any crypto) forever. You can put your coins in a wallet and forget the passwords, for example, or have your crypto stolen — you could even send them to the wrong crypto address. In those cases, it's typically impossible to recover your crypto.

Will crypto stay forever?

The average crypto winter lasts for four years, which means crypto may not recover until 2026. Crypto is still a new and relatively untested market, which makes it much higher risk than stocks.

Can I mine 1 bitcoin in a day?

Technically, it is not possible to mine 1 Bitcoin, especially if you are a solo miner. However, if you mine within a pool, your rewards will typically be in satoshis, which are denominations of the BTC coin that could equal 1 BTC over a period of mining.

Can I mine Bitcoin on my phone?

Mining cryptocurrency on a smartphone is actually possible. There are various crypto mining apps that you can use to mine crypto directly through your smartphone hardware. These apps often allow you to join mining pools that use some of your phone's power in the mining process.

What happens to Bitcoin every 4 years?

Bitcoin halving occurs every 210,000 blocks which translate to approximately every 4 years. In other words, this is Bitcoin's way of using a synthetic form of inflation that halves every four years until all Bitcoin is released and is in circulation.

What happens if 100% of Bitcoin is mined?

Bitcoin mining fees will disappear when the Bitcoin supply reaches 21 million. After that, miners will likely earn income only from transaction processing fees rather than a combination of block rewards and transaction fees.