Michigan State Fan Could Win $1 Million From December Bet

Evan Wilt Contributor
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The Michigan State fan who placed a $20,000 bet on Dec. 5 that the Spartans would win the national championship is one weekend away from winning $1 million, ESPN reports.

Derek Stevens convinced the sportsbook director at the Golden Nugget Hotel & Casino in Las Vegas to approve a bet that at the time had 50-1 odds.

According to ESPN, the bettor, who is a University of Michigan alum but who also roots for the Spartans, had never placed such a large wager.

“In my nine years at this sportsbook, I never accepted a bet that could result in us paying $1 million,” sportsbook director Tony Miller told ESPN’s Darren Rovell. “The most I’ve ever seen won here was a $100,000 parlay.”

Miller told ESPN that this bet “would be a massive loss for us.”

The Golden Nugget has seen losses of up to $30,000, but never anything close to a million, he said.

No. 7 seed Michigan State is the Cinderella story of 2015 as the only non-No. 1 seed left in the tournament. The Spartans are now two games from a title after winning an overtime thriller against four-seed Louisville.

The East Region champion Spartans will play the the winner of the South bracket, No. 1 seed Duke on Saturday.

Miller told ESPN that he isn’t sure he will watch on Saturday.