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John Daly

John Daly earned between $50 and $60 million during his career as a two-time PGA Major champion. But he gambled most of it away, according to his autobiography. Daly also once lost $1.65 million in five hours playing slot machines. His $1.6 million house was foreclosed on in early 2009. The 7,671-square-foot home had four bedrooms and sat on 2.11 acres.

Athletes Who've Lost Millions

March 30, 2012

Retired basketball star Magic Johnson recently made news with his purchase of the L.A. Dodgers for $2 billion. But not all professional athletes have maintained their fortunes. Dennis Rodman was the latest to go broke. Dozens of athletes have filed for bankruptcy, had their homes foreclosed or lost millions in other ways. Read on to see which athletes ended up broke at one point in their lives. --by Caroline Kim