The 46-year-old, who wishes to remain anonymous, made the bet on an impulsive night out with friends on Chaloner Street.
He placed his £1 on the Ace King Progressive side bet and, after going head-to-head with the dealer, was left in disbelief when he won £48,429.58.
To achieve this feat with a £1 chip, both the player and dealer must draw a blackjack match, each holding the Ace and King of the same suit.
A crowd gathered to congratulate the winner, who can now look forward to the festivities with his “early Christmas gift.”
Ross Haslehurst, general manager at Grosvenor Casino Liverpool Leo, said: “Massive congratulations to our lucky winner from all of us at the casino, and what a great way to end a night out in the city.
“The casino was buzzing with excitement which created a thrilling experience for everyone to celebrate in the moment together.
“We wish the winner all the best with enjoying his jackpot prize this Christmas.”
Grosvenor Casino Liverpool Leo offers a range of casino games, including blackjack, slots, and poker, as well as a bar and restaurant with views of the River Mersey.
For more information about the casino, visit their website.
For those who gamble, it’s important to do so responsibly, and more information can be found online.