John Daly: $55M Gambled Away Over 15 Years by Pro Golfer

Image: John Daly: $55M Gambled Away Over 15 Years by Pro Golfer

Friday, 30 May 2014 08:14 AM

By Clyde Hughes

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Colorful pro golfer John Daly said "stupidity" led to him gambling away as much as $55 million over the years.

Daly made the admission in an interview on Yahoo! Sports "In Depth with Graham Bensinger" this week. He said he went through his old tax records to find out how much he lost because "I really didn't know. It just came out to that."

"I was shocked. It thought it would have been $20 (million), $25," said Daly. "I had no idea it was $55 to $57 million. It's just crazy."

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The former PGA Rookie of the Year and 2004 Comeback Player of the Year said when he looks back on his gambling, he realized he got caught up in the rush of the moment, but it was a "fun" ride.

"I should say I regret it," said Daly. "But I did it; I move on from it, I had a lot of fun doing it. It was . . . from 1991 to 2007. I love the action. I love the adrenaline going in there. When I was playing a lot of blackjack, you could play seven hands at any amount you wanted. Now I think it just three hands all over the world. I would play seven hands at ($5,000) to $15,000 a hand back then."

Daly said that he lost a lot of time – and money – playing big-money slot machines, remember one particular machine where it cost $5,000 per pull.

"The slots you could last a little bit longer," Daly said. "At the Wynn, they came out with a Double Diamond machine and it was a $5,000, one-coin pull. If you got a 'cherry,' you got $10 grand. … I played that about five or six times. Now if I go in, I'll play the $25 slots. If I hit something, I may move up to the $100s. I don't do what I used to do anymore."

The Golf Channel reported that Daly has made $10.1 million on the course during his PGA Tour career and continues to be a strong in endorsement deals, autographs and special appearances. He made $2.3 million in 2004, his best year on the tour. This season, he's made the cut in two of seven PGA starts.

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