{"id":47634,"date":"2017-03-31T13:00:38","date_gmt":"2017-03-31T20:00:38","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=47634"},"modified":"2017-04-03T10:33:23","modified_gmt":"2017-04-03T17:33:23","slug":"phil-mickelsons-nearly-2-million-gambling-loss-revealed","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/","title":{"rendered":"Phil Mickelson\u2019s Nearly $2 Million Gambling Loss Revealed"},"content":{"rendered":"

Professional golfer Phil Mickelson has been known to be a gambler both on and off the course, but revelations in the trial of sports bettor Billy Walters shed light on how serious his wagering has been.<\/p>\n

\"Phil
It was disclosed at the insider trading trial of famed Las Vegas sports bettor, Billy Walters, that PGA Tour golfer Phil Mickelson paid\u00a0$2 million to Walters for gambling debts he owed. (Image: Chicago Tribune)<\/figcaption><\/figure>\n

On Thursday, prosecutors presented documents that showed he paid approximately $2 million to the defendant for gambling debts. That amount is nearly half of the $4.2 million he won in tournaments that year. The left-handed golfer did make another $40 million in endorsements.<\/p>\n

The famed Las Vegas handicapper is on trial for is conspiracy, securities fraud and wire fraud in connection to an alleged insider trader arrangement. The person he allegedly received the information from, former Dean Foods Co. Chairman Tom Davis, has agreed to testify against him.<\/p>\n

The Hall of Fame golfer also allegedly profited off of a tip given to him. He was not accused of wrongdoing, but did agree to pay back more than $1 million he made on the advice. He has also said he will not testify<\/a> if asked.<\/p>\n

Alleged Link to Money Laundering Operation<\/h2>\n

This is not the first time he has been associated with someone in trouble with the law.<\/p>\n

Last year he was tied to Gregory Silveira<\/a>, who pled guilty to money laundering for transferring $2.75 million between bank accounts in March 2010 for an unidentified client to promote an illegal gambling operation. That client, according to sources, was Mickelson.<\/p>\n

His actions could have gotten him in trouble with the PGA Tour. The code of conduct tells players not to associate with gamblers and others who \u201cmight reflect adversely upon the integrity of the game.\u201d The organization does not comment on player conduct investigations or disciplinary action.<\/p>\n

Former PGA Tour player and member of the Tour\u2019s Player Advisory Council, Joe Ogilvie told Bloomberg News last year that it\u2019s a dangerous line to walk.<\/p>\n

“The slippery slope would be very slippery,\u201d Ogilvie said. \u201cYou do not want fringe groups that may not have the player\u2019s best interest at heart exerting pressure on the player by means we may not be aware of.\u201d<\/strong><\/p><\/blockquote>\n

Pattern of Gambling<\/h2>\n

Mickelson has never shied away from talking about when he made a winning bet, but was less forthcoming when he lost.<\/p>\n

In 2000 he formed a group that placed a preseason wager of $20,000 on the Baltimore Ravens, who were 22-to-1 to win the Super Bowl. Baltimore defeated the New York Giants, 34-7and the group won $560,000.<\/p>\n

The group also placed an identical amount of the Arizona Diamondbacks to win the 2001 World Series. The odds were 38-1 and they took home $760,000.<\/p>\n

On the course his practice rounds have become legendary. Fellow golfer Paul Azinger recalled a story about playing with Payne Stewart as the two teamed up against him and Ben Crenshaw. Mickleson made a putt on the final hole to win.<\/p>\n

\u201cHe makes it dead center and smiles,\u201d Azinger said. \u201cPayne starts smiling and high-fiving Mickelson because I just lost $1,600.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Professional golfer Phil Mickelson has been known to be a gambler both on and off the course, but revelations in the trial of sports bettor Billy Walters shed light on how serious his wagering has been. On Thursday, prosecutors presented documents that showed he paid approximately $2 million to the defendant for gambling debts. That […]<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,60,1074],"tags":[],"acf":[],"yoast_head":"\nPhil Mickelson\u2019s Nearly $2 million Gambling Loss Revealed<\/title>\n<meta name=\"description\" content=\"PGA Tour golfer Phil Mickelson lost nearly $2 million gambling to Las Vegas sports bettor Billy Walters, who is on trial for insider trading.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phil Mickelson\u2019s Nearly $2 million Gambling Loss Revealed\" \/>\n<meta property=\"og:description\" content=\"PGA Tour golfer Phil Mickelson lost nearly $2 million gambling to Las Vegas sports bettor Billy Walters, who is on trial for insider trading.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-31T20:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-04-03T17:33:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/mickelson-1024x724.jpg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/\",\"url\":\"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/\",\"name\":\"Phil Mickelson\u2019s Nearly $2 million Gambling Loss Revealed\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/mickelson-1024x724.jpg\",\"datePublished\":\"2017-03-31T20:00:38+00:00\",\"dateModified\":\"2017-04-03T17:33:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"PGA Tour golfer Phil Mickelson lost nearly $2 million gambling to Las Vegas sports bettor Billy Walters, who is on trial for insider trading.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/mickelson-1024x724.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/mickelson-1024x724.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crime & Scandals\",\"item\":\"https:\/\/www.casino.org\/news\/scandals\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Phil Mickelson\u2019s Nearly $2 Million Gambling Loss Revealed\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\",\"name\":\"Casino.org Staff Writer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"caption\":\"Casino.org Staff Writer\"},\"url\":\"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Phil Mickelson\u2019s Nearly $2 million Gambling Loss Revealed","description":"PGA Tour golfer Phil Mickelson lost nearly $2 million gambling to Las Vegas sports bettor Billy Walters, who is on trial for insider trading.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/","og_locale":"en_US","og_type":"article","og_title":"Phil Mickelson\u2019s Nearly $2 million Gambling Loss Revealed","og_description":"PGA Tour golfer Phil Mickelson lost nearly $2 million gambling to Las Vegas sports bettor Billy Walters, who is on trial for insider trading.","og_url":"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2017-03-31T20:00:38+00:00","article_modified_time":"2017-04-03T17:33:23+00:00","og_image":[{"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/mickelson-1024x724.jpg"}],"author":"Casino.org Staff Writer","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Casino.org Staff Writer","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/","url":"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/","name":"Phil Mickelson\u2019s Nearly $2 million Gambling Loss Revealed","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/mickelson-1024x724.jpg","datePublished":"2017-03-31T20:00:38+00:00","dateModified":"2017-04-03T17:33:23+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77"},"description":"PGA Tour golfer Phil Mickelson lost nearly $2 million gambling to Las Vegas sports bettor Billy Walters, who is on trial for insider trading.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/mickelson-1024x724.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/mickelson-1024x724.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/phil-mickelsons-nearly-2-million-gambling-loss-revealed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Crime & Scandals","item":"https:\/\/www.casino.org\/news\/scandals\/"},{"@type":"ListItem","position":3,"name":"Phil Mickelson\u2019s Nearly $2 Million Gambling Loss Revealed"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77","name":"Casino.org Staff Writer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","caption":"Casino.org Staff Writer"},"url":"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/47634"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=47634"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/47634\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=47634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=47634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=47634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}