According to an upcoming book by renowned professional gambler Billy Walters, Phil Mickelson bet more than $1 billion on football, basketball and baseball over the past three decades. He even allegedly attempted to place a $400,000 wager on Team USA in the 2012 Ryder Cup in which he participated.

Walters writes that from 2010 to 2014, Mickelson made 858 bets of $220,000 and 1,115 bets of $110,000. He estimates Mickelson endured losses of approximately $100 million while betting more than $1 billion over the past 30 years.

“Gambling has been part of my life ever since I can remember. But about a decade ago is when I would say it became reckless. It’s embarrassing. I don’t like that people know. The fact is I’ve been dealing with it for some time,” he said to Sports Illustrated in 2022.

Even after all his losses, Mickelson will not be stopped from gambling by the money. His lucrative contract with the LIV Golf tour is reportedly worth $200 million, more than enough to cover his losses, let alone the wins.

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