John Daly, a two-time major champion known for his prodigious talent and equally chaotic lifestyle, has also made headlines for his staggering gambling losses. With a penchant for high-stakes games, Daly revealed in 2014 that his gambling habit has cost him an astonishing amount over the years. Here’s an in-depth look at the financial rollercoaster that defines his career.
Staggering Gambling Losses
In a candid admission, John Daly disclosed that he lost around $55 million in gambling between 1991 and 2007. However, the figure is even more staggering when he elaborates on his lifetime losses, stating they approach $90 million. After recouping $35 million through winnings, the overall financial toll remains eye-watering at $55 million. When confronted about how he could squander such an enormous sum, Daly’s response was blunt: “Stupidity“.
John Daly Discusses His Gambling Losses / Mark Runnacles/Getty Images
Factors Behind His Losses
Daly attributes his financial drain to three main factors. First, he frequently played multiple hands of blackjack, wagering between $10,000 and $15,000 per hand. The house edge, estimated at around 0.25%, meant that betting $10,000 would typically cost him approximately $25 per hand, assuming perfect play—something that rarely occurs.
Secondly, his affinity for slot machines compounded his losses. The house advantage here can vary significantly, making slots a risky proposition compared to table games. Finally, Daly has acknowledged struggles with alcohol, which undoubtedly impacted his gaming decisions. He once mentioned drinking 26-28 cans of Diet Coke and smoking 40 cigarettes daily, both of which likely affected his judgment at the tables.
The High-Stakes Gamble After Victory
One of the most notorious incidents in Daly’s gambling saga occurred in 2005, shortly after he finished as a runner-up at the WGC-American Express Championship. After pocketing a $750,000 payday, he impulsively lost $1.5 million at the Wynn in Las Vegas in just one night.
Where Did the Money Go?
Despite his gambling losses, Daly’s official earnings on the PGA Tour exceed $10 million. However, he has also generated substantial income from endorsements, appearance fees, merchandise sales, and a unique line of clothing. His celebrity status has paved the way for numerous opportunities, including commercial appearances and paid pro-am events worldwide.
Moreover, casinos are known to extend generous lines of credit to high-profile gamblers, which likely exacerbated Daly’s financial issues. Compounding these challenges are his four divorces and significant monthly payments for child and spousal support, painting a broader picture of Daly’s financial struggles.
Today, John Daly remains a resilient figure in the sports world. He has continued to play competitively on the PGA Tour Champions and even clinched the 2021 PNC Championship alongside his son, John Daly II. Despite facing multiple health challenges, including bladder cancer and emergency surgery in 2025, he continues to attract fans wherever he competes.
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