It's been a busy career for Phil Mickelson, as he's easily one of the best to ever play the game. Many anticipate him to participate in the upcoming PGA Championship on May 19. However, the defending champ has bigger fish to fry right now as news has surfaced around the golfer's gambling debts.

According to The Guardian, Phil Mickelson had $40 million in gambling losses in a four-year time span. From 2010 to 2014, “federal auditors investigating Phil Mickelson’s role in an insider trading scheme found his gambling losses totaled more than $40 million.”

Luckily for Mickelson, he's made more money than he's lost, as his, “annual income in 2012 – the time of the Dean Foods stock deal that netted Mickelson nearly $1m in one week – was estimated at about $48m,” per The Guardian.

Furthermore, according to The Guardian, “money was largely behind his split with longtime caddie Jim ‘Bones’ Mackay in 2017. Mackay left Mickelson after the Memorial that year over a series of ‘simmering grievances', including hundreds of thousands of dollars in back pay.”

This is a sticky situation as it sounds like money is floating all over the place regarding this gambling debt. Phil Mickelson is currently dealing with this situation with the PGA Championship right around the corner. It'll be interesting to see if he participates in the tournament this year to defend his title. However, his mind might be on more serious matters.

Keep an eye on Phil Mickelson for now. He will be the talk of the town whether he plays in the PGA Championship or not.