New Book Details Phil Mickelson’s Astonishing Amount Of Gambling Losses

You can bet Phil Mickelson really loves to gamble.

Now a new book is reporting just how much that love cost him between 2010 and 2014: A whopping $40 million in losses.

An excerpt of the book “Phil: The Rip-Roaring (and Unauthorized!) Biography of Golf’s Most Colorful Superstar,” due to be published May 17th,  details just how much money Mickelson lost over that period. Mickelson’s losses were recorded in documents compiled by government auditors doing a forensic analysis of his finances in connection with an insider trading case.

“In those prime earning years, his income was estimated to be just north of $40 million a year,” Shipnuck writes. “That’s an obscene amount of money, but once he paid his taxes (including the California tariffs he publicly railed against), he was left with, what, low-20s? Then he had to cover his plane and mansion(s), plus his agent, caddie, pilots, chef, personal trainer, swing coaches and sundry others.

“Throw in all the other expenses of a big life — like an actual T-Rex skull for a birthday present — and that leaves, what, $10 million? Per the government audit, that’s roughly how much Mickelson averaged in annual gambling losses. (And we don’t know what we don’t know.) In other words, it’s quite possible he was barely breaking even, or maybe even in the red. And Mickelson’s income dropped considerably during his winless years from 2014 to ’17.”

We all know Phil Mickelson is/was a gambler, but the number(s) of his gambling losses are startling:https://t.co/9X1OaD1chU

— Jake Hatch (Yawk) Slava Ukraini (@JacobCHatch) May 5, 2022

To make matter worse for Mickelson, the PGA star recently tried to partner up with Saudi interests looking to start a rival golf league to the PGA Tour. Mickelson said his plan was to wound the PGA Tour.

Mickelson has not played on a PGA Tour event since late January, and has not spoken publicly since late February, when his comments to Shipnuck became public.

Phil continues to trend for all the wrong reasons.

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