The D Las Vegas casino owner to get $1 million if Michigan wins it all

Derek Stevens has plenty of reasons to cheer for Michigan in its upcoming NCAA tournament game against Oregon.

One million reasons, to be exact.

Stevens, a Grosse Pointe native who received his bachelor’s degree from Michigan and master’s from Wayne State, placed a futures bet on the Wolverines for $12,500 before the NCAA tournament began.

At 80-to-1 odds, a U-M championship would pay Stevens $1 million. He placed the bet at the Golden Nugget in Las Vegas on March 14.

Stevens posted the betting slip on Twitter.

Stevens owns The D Las Vegas Hotel and Casino and the Golden Gate Hotel and Casino in Las Vegas, along with other properties.

Michigan, the No. 7 seed in the Midwest Region, beat No. 10 Oklahoma State in the opening round and No. 2 Louisville in Sunday’s second round.

The Wolverines face No. 3 Oregon at 7:09 p.m. Thursday in Kansas City. The winner earns a berth in the Elite Eight.

© 2017 Detroit Free Press


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