Malone failed to defend their title as the 2007 Victory Bowl winners on their third consecutive trip to the bowl. Northwestern's win was their second Victory Bowl championship and fourth appearance in the game's twelve-year history.
Northwestern and Malone University scored a combined 93 points as the Eagles from Northwestern claimed a 49-44 win. The contest was closely competed and it was not until under a minute remaining was the game’s outcome decided. Malone held a 28-14 lead midway through the second quarter, but after that the point differential remained within seven points or less until Northwestern’s Ty Crabtree ran an interception 50 yards for the Eagles’ final score of the game.