Phil Mickelson’s extraordinary gambling losses, lavish spending detailed in new book excerpt

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Phil Mickelson’s gambling losses were highlighted Thursday in an excerpt from a forthcoming biography.

While Mickelson was being investigated for his alleged role in an insider trading scheme, federal auditors found his gambling losses totaled more than $40 million from 2010 to 2014, according to the excerpt. from Alan Shipnuck’s book.

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Phil Mickelson tees off on day three of the PIF Saudi International at Royal Greens Golf and Country Club on February 5, 2022 in Al Murooj, Saudi Arabia.
(Oisin Keniry/Getty Images)

The biographer wrote that auditors investigated “Lefty’s” finances over four years, from 2010 to 2014. The author cited a source with direct access to the documents. The golf star’s annual income in 2012 was estimated to be around $48 million. It made around $1 million in one week from a Dean Foods stock trade.

The book also stated that Mickelson’s split from longtime caddy Jim Mackay in 2017 was largely about money, and that Mickelson owed the caddy thousands of dollars in back pay.

Shipnuck also mentioned other crazy expenses.

“Add in all the other high-life expenses—like a real T. Rex skull for a birthday present—and that leaves, what, $10 million?” Shipnuck wrote, via The Firepit Collective. “According to the government audit, that’s roughly the average of Mickelson’s annual gambling losses. (And we don’t know what we don’t know.) In other words, it’s entirely possible that he’s barely breaking even, or maybe even in the red. And Mickelson’s earnings dropped significantly during his winless years from 2014 to 2017.”

FLASHBACK: PHIL MICKELSON MAKES SURPRISED COMMENTS ON SAUDI GOLF LEAGUE: REPORT

Phil Mickelson tees off on the fifth hole of the South Course at Torrey Pines during the first round of the Farmers Insurance Open golf tournament on January 26, 2022 in San Diego.

Phil Mickelson tees off on the fifth hole of the South Course at Torrey Pines during the first round of the Farmers Insurance Open golf tournament on January 26, 2022 in San Diego.
(AP Photo/Denis Poroy)

“Phil: The Heartbreaking (and Unauthorized!) Biography of Golf’s Most Colorful Superstar” is due out later this month.

Excerpts about Mickelson’s alleged leniency towards human rights abuses in Saudi Arabia and the decision to join a Saudi-backed golf league also raised eyebrows.

Shipnuck posted a story based on a phone interview on “The Firepit Collective” website.

“They are scary mothers to get involved with,” Mickelson reportedly said. “We know they killed [Washington Post reporter Jamal] Khashoggi and have a horrible human rights record. They execute people there for being gay. Knowing all of this, why would I even consider it? Because this is a unique opportunity to reshape how the PGA Tour works.

“They managed to get by with manipulative, coercive and heavy-handed tactics because we players had no recourse. Such a nice guy as [PGA Tour commissioner Jay Monahan] seems like, unless you have leverage, it won’t do the right thing. And Saudi money finally gave us that leverage. I’m not even sure I want [the Saudi golf league] succeed, but the mere thought of it allows us to get things done with the [PGA] To visit.”

Phil Mickelson speaks to the media during a practice session ahead of the PIF Saudi International at Royal Greens Golf and Country Club on February 2, 2022, in Al Murooj, Saudi Arabia.

Phil Mickelson speaks to the media during a practice session ahead of the PIF Saudi International at Royal Greens Golf and Country Club on February 2, 2022, in Al Murooj, Saudi Arabia.
(Luke Walker/WME IMG/WME IMG via Getty Images)

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Mickelson later apologized for those remarks.

The Associated Press contributed to this report.

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