The golfing legend Phil Mickelson is the latest figure to open up about his gambling addiction, admitting that he was “reckless and embarrassing” during an interview with CNBC. The 47-year-old revealed that it took him a decade to quit gambling after hitting rock bottom in 2010.
Phil Mickelson Candidly Admits to ‘Reckless’ and ‘Embarrassing’ Gambling That Cost Him $40 Million. Phil Mickelson, who is the highest-paid professional golfer in the world, has admitted that he was “reckless” and “embarrassing” with his gambling.
Despite not starting in a competitive match since January, Phil Mickelson has been the topic of the golfing community ever since. His startling remarks about Saudi Arabia and the LIV Golf league back in February were the catalyst, and things only got worse last month when golf writer Alan Shipnuck discovered Mickelson had lost $40 million playing the slots during a four-year period.
As Lefty prepares to assist in the opening of the LIV Golf Invitational this weekend in London, he spoke up about his gambling issues and acknowledged that it had become “reckless” and “embarrassing.”
From 2010 to 2014, Phil Mickelson lost more over $40 million at the tables.
Prior to the LIV Golf Invitational at The Centurion Club, Phil Mickelson watches. Chris Trotman/LIV Golf/Getty Images
The fact that Mickelson enjoys gambling has long been known. Many seasoned golfers agree. However, few people like it enough to lose $40 million over four years.
That’s precisely what Lefty did approximately ten years ago, claims Shipnuck, the author of the new book “Phil: The Rip-Roaring (and Unauthorized!) Biography of Golf’s Most Colorful Superstar.”
“Knowing Mickelson’s playing style as a golfer requires understanding his passion for gambling. It may also explain the Saudi seduction, Shipnuck said in a recent article for Fire Pit Collective. “During the four years under investigation (2010–14), Mickelson had gambling losses totalling more than $40 million. His annual income was reportedly slightly north of $40 million during those years of peak earning.
Mickelson has to accept responsibility for his errors now that his gambling losses are out to the public.
Mickelson discusses his “reckless” and “embarrassing” gambling issues in this statement.
Prior to his departure for England, I had the opportunity to talk with Phil briefly. discusses gambling, keeping your PGA Tour membership, taking time off, and the US Open. https://t.co/uK2Buwr1o9
— Bob Harig (@BobHarig) June 6, 2022
Instead of disputing the gambling charges, Mickelson openly acknowledged his issue and said he’s been making a lot of effort to solve it.
In a recent interview with Sports Illustrated’s Bob Harig, Mickelson said that his gambling “came to a point of being irresponsible and humiliating.” “I had to talk about it. And I’ve been dealing with it for a while. Moreover, for many hours of treatment. I feel comfortable right there. Financial security for my family and I has existed for some time.
Since I can remember, gambling has been a part of my life. But I would argue that it started becoming irresponsible around ten years ago. It makes me feel bad. It bothers me that others are aware. The truth is that I’ve been coping with it for a while. His wife, Amy, has been very supportive of it, of me, and of the process. After many years, we have reached a point where I am at ease with where we are. It doesn’t pose a risk to my safety or my finances. Simply said, there were many bad choices.
Fortunately for Mickelson, he was able to more than make up for that $40 million. His money account will be quite fine moving ahead since he also earned a nice $200 million for joining the LIV Golf Invitational Series.
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To Try to Revolutionize Golf, Phil Mickelson Just Took a $200 Million Gamble
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