Connect with us

Sportswire

Phil Mickelson reportedly had $40 million in gambling losses

Phil Mickelson is notorious for his love of sports betting, and now we have an idea of just how much he loves it. Alan Shipnuck, who is writing a biography about Mickelson, published an excerpt from the book on The Firepit Collective Thursday. In the excerpt, Shipnuck says some documents reviewed by the government showed…

The post Phil Mickelson reportedly had $40 million in gambling losses appeared first on Larry Brown Sports.

Phil Mickelson gives a thumbs up

May 23, 2021; Kiawah Island, South Carolina, USA; Phil Mickelson gives a thumbs up to the fans while walking on the 2nd hole fairway during the final round of the PGA Championship golf tournament. Mandatory Credit: David Yeazell-USA TODAY Sports

Phil Mickelson is notorious for his love of sports betting, and now we have an idea of just how much he loves it.

Alan Shipnuck, who is writing a biography about Mickelson, published an excerpt from the book on The Firepit Collective Thursday.

In the excerpt, Shipnuck says some documents reviewed by the government showed that Mickelson lost $40 million during a four-year span from 2010-2014. Shipnuck also says that money contributed to the notorious split between Mickelson and caddie Bones Mackay. Mickelson apparently owed McKay hundreds of thousands of dollars in back pay by the time Mackay fired the golfer in 2017.

The case that drew scrutiny came in 2012 when Mickelson was investigated for using a stock tip to profit massively. He reportedly used the money to pay off a $2 million debt to a pro gambler. Mickelson was also reportedly tied to a money laundering scheme.

The gambler, Billy Walters, was found guilty on all counts, fined $10 million, and sentenced to prison time. Mickelson was ordered to pay back money from the trading profits but avoided charges.

Mickelson was said to be making around $40 million per year around 2010-2014. But as Shipnuck points out, once you factor in taxes, an agent, support staff (coaches, caddies, chefs), massive gambling losses could have resulted in someone as rich as Mickelson having money problems.

Mickelson’s big betting losses serve as a reminder of Charles Barkley’s legendary quote: it’s not a problem if you can afford it. Could Lefty afford all his reported losses?

The post Phil Mickelson reportedly had $40 million in gambling losses appeared first on Larry Brown Sports.

Click to comment

Leave a Reply

Your email address will not be published.

Recent

MLB2 years ago

The Greatest Sports Call in Broadcasting History

Kirk Gibson’s 1988 World Series home run was a baseball play that occurred in Game 1 of the 1988 World...

NFL2 years ago

Rob Gronkowski “Just Joking” About Having Bucs’ Playbook

Rob Gronkowski posted a note on social media Wednesday to make clear that he was just joking when talking about...

MLB2 years ago

MLB Proposes 3-Division 2020 Play Based on Geography

MLB is one of the games genuinely faithful to its legacy, however even they are thinking about radical changes because...

NHL2 years ago

NHL Eyes December to Start 2020-21 Season

The 2019-20 NHL season has been suspended for about a month and a half now as the world fights the...

NHL2 years ago

5 Greatest Hockey Players of All-Time

This list hasn’t changed in 20 years. I can’t envision the rundown changing at any point in the near future....

NFL2 years ago

NFL Draft Made These 3 Teams Playoff Contenders

The 2020 NFL Draft spoke to an open door for NFL groups to drastically improve their lists with the expectations...

NCAAF2 years ago

Trevor Lawrence Heavy Favorite to be #1 Pick 2021 Draft

The 2020 NFL Draft is in the books and the football world is as of now amped up for the...

MLB2 years ago

Fan Made Epic Fenway Park Map in Fortnite

The COVID-19 pandemic has forestalled avid supporters from getting a charge out of baseball for about two months. While baseball...

NBA2 years ago

Vegas: Dennis Rodman Potential Successor to Kim Jong-Un

There’s a great deal of disarray encompassing the soundness of Kim Jong-un, the 36-year-old Supreme Leader of Democratic People’s Republic...

NBA2 years ago

Blake Griffin Calls Out TMZ Coverage

Detroit Pistons star Blake Griffin was as of late an objective of TMZ, which posted a strange article about him...