News+Notes Report: Mickelson had $40M in gambling losses - Insurance News | InsuranceNewsNet

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May 6, 2022 Newswires
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News+Notes Report: Mickelson had $40M in gambling losses

Red Bluff Daily News (CA)

Federal auditors investigating Phil Mickelson’s role in an insider trading scheme found his gambling losses totaled more than $40 million 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 May 17 during the PGA Championship. Mickelson is the defending champion. He has not said if he will be playing.

Shipnuck wrote that government auditors investigated Mickelson’s finances over four years from 2010 to 2014. The author cited a source with direct access to the documents.

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

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