The owner of a Las Vegas casino, Derek Stevens, stands to make a boatload of money if No. 7 seed Michigan can win the national title. On March 14, Stevens put down $12,500 on the Wolverines as a long shot -- and now they are in the Sweet 16 and don’t appear like they plan to slow down soon. He will collect $1 million if they can pull it off. Michigan upset No. 2 seed Louisville on Sunday in the round of 32, rallying from a deficit of nine points to win it 73-69 and making an unlikely trip to the Sweet 16 as a 7-seed. It will play No. 3 seed Oregon in Kansas City for a chance to get one step closer to a hefty payout for Stevens.
Vegas casino owner will win $1 million if Michigan wins NCAA Tournament
CBS Sports | Mar 20