[CentOS] Problem with DHCP and default route in CentOS

I have a CentOS 6.4 VM that is getting its DHCP information from dnsmasq (a libvirt instance). However, it is not applying the routing information. Attached is a tcpdump of the dhcpc output. You'll see:

Default-Gateway Option 3, length 4: 192.168.122.1

However, when I run 'route -n', I get:

# route -n Kernel IP routing table Destination Gateway Genmask Flags Metric Ref Use Iface 192.168.122.0 0.0.0.0 255.255.255.0 U 0 0 0 eth0 169.254.0.0 0.0.0.0 255.255.0.0 U 1002 0 0 eth0

Any ideas as to why the default route/gateway information isn't being applied?

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