Phil Mickelson reportedly lost $40 million in gambling

Phil Mickelson has reportedly lost more than $40 million while gambling, according to a book to be released later this month.

SportswriterAlan Shipnuck, a former golf reporter for Sports Illustrated, will release Phil’s biography : The Rip-Roaring (and Unauthorized!) Biography of Golf’s Most Colorful Superstar. In it, he depicts the colossal losses the golf champion suffered between 2010 and 2014.

The biographer explains thatPhil Mickelson was raking in tens of millions a year during those yearsofgambling losses. Still, his gambling addiction could have put him over the edge.

“During those years when he was making the most money, his income was estimated at just over $40 million a year. That’s an obscene amount of money, but once he paid his taxes, he only had about $20 million left. Then he had to pay for his plane and residences, plus his agent, caddy, pilots, chef, personal trainer, swing coaches and various others,” the journalist explains.

The biographer comes to these conclusions after studyingthe government auditthat looked intoPhil Mickelson ‘s caseduring those years.

Alan Shipnuck points out thatMickelson’ s separation from his longtime caddie, Jim “Bones” Mackay, in 2017involved hundreds of thousands of dollarsinback pay that the golfer owed his caddie.

These financial losses may explain whyPhil Mickelsonwanted to turn his back on thePGArecently to join a new professional tour called theSaudi Golf League, run by former golferGreg Norman.

The Saudi Golf League, backed by the Saudi government, has promised players huge sums of money and guaranteed fees for fewer tournaments than they play on the PGA Tour. However, the PGA Tour has threatened to ban any player who participates in this initiative.

ThePhil: The Rip-Roaring (and Unauthorized!)Biographyof Golf’s Most Colorful Superstarwill be released on May 17.