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.

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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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