TV Producer Blew $100M Fortune Gambling: Report
David Milch In Debt $17 Million After Years Of Gambling
The creator of the hit TV shows NYPD Blue and Deadwood has a gambling addiction so severe that it resulted in him losing a $100 million fortune, according to a report from The Hollywood Reporter.
A lawsuit related to his financial situation filed last year revealed that writer-producer David Milch lost $25 million just between 2000 and 2011. The report said that it is estimated that Milch earned $100 million over his career, but he now has debts totaling $17 million.
Court documents also stated that Milch’s wife has put him on a $40-per-week “allowance” in order to help him stay away from betting on horses.
Milch reportedly has lost his homes and owes millions to the IRS.
The 70-year-old is a four-time Emmy Award winner and has been in Hollywood since the 1980s.
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