Michigan Graduate Could Win a Million Bucks if MSU Wins it All

Derek Stevens made a big bet in December. Odds for MSU to win the National Championship in college basketball were 50/1 then. Derek plopped down a 20 thousand dollar bet so, the payout would be over 1 million bucks should MSU win it all.

See the full story from espn.com here.

Derek is University of Michigan graduate who roots for Sparty on occasion. The Golden Nugget sports betting director Tony Miller said "In my nine years at this sportsbook, I never accepted a bet that could result in us paying $1 million. The most I've ever seen won here was a $100,000 parlay."

Stevens owns The D and Golden Gate hotels in downtown Las Vegas and gives the Golden Nugget the business because Nevada state gaming regulations forbid owners from placing bets at their own establishments. "If I win, I'll give some bonus money to my employees," Stevens said. "I also want to give some money to the [Jerry] Tarkanian Basketball Academy, and the rest I will reinvest in my properties."

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