Phil Mickelson lost $40 million gambling

Phil Mickelson suffered a staggering $40 million gambling loss between 2010 and 2014, according to his biographer.

Federal auditors investigating Phil Mickelson’s role in an insider trading scheme found his gambling losses

totaled more than $40m from 2010 to 2014, according to an excerpt from Alan Shipnuck’s forthcoming biography.

Shipnuck posted the excerpt on his Firepit Collective site Thursday. His unauthorized biography on Mickelson is to be released on 17 May

Mickelson has been out of public view since the final round of the Saudi International on 6 February.

A short time later, Shipnuck posted explosive comments from Mickelson on his involvement in Greg Norman’s Saudi-backed golf venture.

Mickelson was a relief defendant in 2016 in the insider trading case that sent noted gambler Billy Walters to prison.

In the most recent excerpt on the $40m in gambling losses, Shipnuck wrote that government auditors investigated Mickelson’s finances over four years from 2010 to 2014

Mickelson’s annual income in 2012 – the time of the Dean Foods stock deal that netted Mickelson nearly $1m in one week – was estimated at about $48m.

Shipnuck also said money was largely behind his split with longtime caddie Jim ‘Bones’ Mackay in 2017