Kentucky Derby

One big bet nets $900,000

A Texas man won nearly a million dollars Saturday after placing a bet on the winning Derby horse as part of a CNBC sweepstakes.

Glen Fullerton, 40, of Kilgore, Texas, told reporters he is not sure how he will spend his winnings, but he plans to return to his job as a software consultant for Gregg Industrial Insulators next week.

"This is definitely life-changing," Fullerton said. "But I don't have to spend it all next week."

Fullerton participated in a Call the Close Derby DreamBet sweepstakes and placed a $100,000 bet on Super Saver to win. (The money for the bet was part of a prize package that also included a VIP trip to the Derby.)

After the horse's jockey Calvin Borel won the Derby for the second year in a row, Fullerton became $900,000 richer.

Borel and Fullerton shook hands and embraced during a news conference after the race. Borel thought Fullerton's win was "pretty cool."

Fullerton said he chose Super Saver because the horse has had success on wet tracks and because of Borel's previous success at Churchill Downs. Borel won the Derby last year on Mine That Bird and in 2007 on Street Sense.

"It feels unbelievable," Fullerton said.