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Pauly McGuire

Hollywood writer David Milch donked off $100 million betting on horses

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One of the most talented writers in the history of Hollywood has been harboring a dark secret over the last decade – a crippling addiction to gambling – which supposedly cost him his entire $100 million fortune. David Milch, a former English Lit professor at Yale and best known as the creator of hit TV shows NYPD Blue and Deadwood, is currently $17 million in debt and being sued by the IRS for over $5 million in back taxes. Another lawsuit details Milch's atrocious gambling problem in which he squandered at least $25 million on horse racing between 2000 and 2011.

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David Milch, uber-degen gambler, donked off $25 million betting horses in 11 years. (Pic by Hollywood Reporter)

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