Meet the Horse Bettor Who Turned $3 into $60,232

Dec 06, 2018 11:50 PM EST
  • Gregory McQueen, a 62-year-old from Tennessee, won $60,232 off a $3 bet at the Del Mar race track in California.
  • He netted $45,752.95 after taxes were deducted.
  • "It's a nice Christmas present," said McQueen. "Though I'm not spending it. It's going in savings."

Gregory McQueen had a message on his phone on Tuesday morning from an executive with Twin Spires, the wagering offshoot of Churchill Downs.

It was congratulating him on an unbelievable bet.

The problem was, McQueen actually had no clue what he had won.

“I watched the first race and then went out in the yard,” McQueen told The Action Network on Wednesday. “I usually watch the races later, but didn’t get to them. So I didn’t know what happened when the call came in.”

The 62-year-old retiree, who lives in Tennessee, spent $3 on the Pick 5, and nailed the winners of races five through nine on Sunday, the last day of the fall meet at Del Mar in California.

The bet returned $60,232, and netted McQueen $45,752.95 after taxes. (A new IRS rule states that the payer must deduct taxes on any bet that had odds of greater than 5000-1.)