NJ Man Wagers $1.8M on Penn State… Would’ve Cashed $1,028,571.45, But Team Lost

A New Jersey sports bettor placed a staggering $1.8 million wager on Penn State to defeat Oregon, hoping to cash out more than $1,028,571 in winnings.

But the high-stakes gamble quickly turned into heartbreak as Penn State fell to Oregon, leaving the bettor with nothing. The massive loss has become one of the most talked-about moments in sports betting this week, showing both the risks and drama of putting big money on the line.

The failed wager is already sparking viral reactions online, with fans stunned at the size of the bet and the brutal outcome.