'Mickelson Had Gambling Losses Of $40m' - Upcoming Biography Reveals

In an online piece, it was reported that Mickelson allegedly lost $40 million in a four-year period

Mickelson hits a drive
(Image credit: Getty Images)

Over the past few months Phil Mickelson has arguably been the most talked about man in the golf world. Along with his drama involving the PGA Tour and Saudi Arabia, he is also in the process of taking a long break from the game following his controversial comments which appeared in a Fire Pit Collective article by Alan Shipnuck.

Now, in another piece by the US Journalist, it is alleged that Mickelson also had gambling losses totalling $40 million through 2010-14, with a piece by Shipnuck entitled 'The Multitudes Within Mickelson' stating that: "Mickelson’s love of gambling is fundamental to understanding his style of play as a golfer. It might also explain the Saudi seduction."

Norman and Mickelson chat

Mickelson's last appearance came at the 2022 Saudi International

(Image credit: Getty Images)

In the piece, Shipnuck writes: "Based on his comments to me, he clearly enjoyed the idea of sticking it to the PGA Tour, but the real motivation was plainly the funny money being offered by the Saudis. 

"Why was Phil so eager to cash in, at the risk of alienating so many fans and endorsement partners? The massive scale of Mickelson’s gambling losses has never before been made public, but, as noted in the book, during the Billy Walters insider trading investigation, government auditors conducted a forensic examination of Phil’s finances. 

"According to a source with direct access to the documents, Mickelson had gambling losses totalling more than $40 million in the four-year period (2010–14) that was scrutinized."

Mickelson holds the Claret Jug

During 2010-14, Mickelson picked up six titles, including two Majors

(Image credit: Getty Images)

Along with the losses, Shipnuck also states in the piece that: "Money was a big factor in Mickelson’s bust-up with his career-long caddie, Jim (Bones) Mackay", and that "Bones had fired Phil at the ’17 Memorial, over a series of simmering grievances (laid out in detail in the book), including hundreds of thousands of dollars in overdue back pay."

The book, which is titled ‘Phil: The Rip-Roaring (and Unauthorized!) Biography of Golf’s Most Colorful Superstar,' is set to be released on the 17th May, with Shipnuck recently tweeting that: "The folks who love Phil will likely feel that even more strongly after reading the book. His detractors will find fodder... I’m quite curious which direction the ambivalent will lean…."

As for Mickelson, it is still unclear as to when he will return to competitive action, with the 51-year-old officially entered in to the next two men's Majors, according to a statement from his agency. 

However, along with the PGA Championship and US Open entry, Lefty has also requested a release from the PGA Tour to play in the opening LIV Golf Invitational Series event at the Centurion Club in June, with Mickelson reportedly signing an agreement to play in all eight Saudi-backed Series events throughout 2022.

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Matt Cradock
Staff Writer

Matt joined Golf Monthly in February 2021 covering weekend news, before also transitioning to equipment and testing. After freelancing for Golf Monthly and The PGA for 18 months, he was offered a full-time position at the company in October 2022 and continues to cover weekend news and social media, as well as help look after Golf Monthly’s many buyers’ guides and equipment reviews.

Taking up the game when he was just seven years of age, Matt made it into his county squad just a year later and continues to play the game at a high standard, with a handicap of around 2-4. To date, his best round came in 2016, where he shot a six-under-par 66 having been seven-under through nine holes. He currently plays at Witney Lakes in Oxfordshire and his favourite player is Rory McIlroy, despite nearly being struck by his second shot at the 17th during the 2015 BMW PGA Championship.

Matt’s current What’s In The Bag?

Driver: Honma TW747, 8.75°

Fairway Wood: TaylorMade Rocketballz Stage 2, 15°, 19°

Hybrid: Adams Super Hybrid, 22°

Irons: Mizuno MP54, 5-PW

Wedges: Cleveland 588 RTX 2.0 Tour Satin, 50°, 56°, 60°

Putter: Cleveland TFI 2135 Satin Cero

Ball: Titleist Pro V1x