John Daly Lost $55 Million To Gambling Addiction | The Fix
facebook twitter RSS
HOT TOPICS: Alcoholism  Addiction  AA  Cocaine  Heroin

John Daly Lost $55 Million To Gambling Addiction

The former British Open champion and all-around wild man used tax returns to estimate his gargantuan losses.

Image: 

Shutterstock

By Shawn Dwyer

06/03/14

| Share

Once the wild child of professional golf, John Daly has had a long history with gambling and alcohol addiction. But it wasn’t until recently that anyone was aware just how far down the rabbit hole he went with gambling.

In a recent interview with Yahoo’s Graham Besinger, Daly estimated that his total net losses between 1991-2007 were in the range of $55-57 million.

“We went through all my tax records to find out, because I really didn’t know, and it just came to that. I was shocked,” Daly told Bensinger. “I thought it might have been $20-25 (million), but I had no idea that it was $55-57 million. It’s crazy.”

Daly admitted that he would play seven hands of blackjack at the same time, betting up to $15,000 per hand, while playing $5,000 slot machines and staying up gambling at the tables for two days straight.

"I love the action. I love the adrenaline, going in there," Daly said. "Now if I gamble, I play the $25 slots. If I hit something, I might move up to $100. But I don't do what I used to do anymore."

During his heyday, Daly was a notoriously heavy drinker until an arrest for public drunkenness in 2008 outside a Hooters restaurant in North Carolina led to him swearing off booze. Ironically, he famously boasted in 1994 that many PGA golfers were using cocaine and that if all players were properly tested, he would have been “one of the cleanest guys out there.”

As for his gambling problem, Daly never expressed any remorse despite the tens of millions he lost. "People are going to say that I should regret it, but I did it," he said. "You know, I move on from it. I had a lot of fun doing it."

Rehabilitation Directories

Most Popular
Sober Living
Suboxone: Trading One Prison Cell for Another

Suboxone seemed like a get-out-of-jail-free card, the answer to my opiate addiction. Instead, I had a new ten-year addiction, complete with thinning hair and lost motivation.

The Rehab Review
Cliffside Malibu
 
 
 
 
 

The “beach-house-relaxed” Cliffside Malibu claims to provide an oasis for recovering addicts and alcoholics. And that’s just what you'll get—if you’ve got the cash.

Morningside Recovery
 
 
 
 

For a “rehab near the beach” experience that isn’t quite as costly as similar SoCal competitors, head to this Newport Beach treatment facility.

AToN Center
 
 
 
 

Whether you’re interested in the 12 Steps, SMART Recovery, or holistic treatments, this luxurious, appealing and commendable 4.5 star (our system doesn't yet show the 1/2 star) San Diego rehab has a program for you. 

Reflections
 
 
 
 

This exclusive Northern California rehab is all about client choice—as well as golf outings, Buddhist field trips and keeping up with the office.

Capo By The Sea
 
 
 
 

Capo By The Sea offers an executive rehab program complete with medical detox and a focus on dual-diagnosis issues, as well as an outpatient option in an environment that exudes the kind of beach house optimism one would expect from an Orange County recovery outfit.

Journey Malibu
 
 
 
 

Want many of the luxury amenities A-listers have come to expect—including an enormous backyard with a pool and patio, an herb garden, a volleyball net and a spectacular vista of the Santa Monica mountains—with a recovery program to match?

The Ultimate Guide to Rehab
 
 
 
 
 

What you need to know when choosing an addiction treatment center.

the fix tv