“Luck” was not on the HBO show creator David Milch’s side, as it’s being reported by THR, that the four time Emmy award winner has lost an estimated $100 million dollars by gambling. He also owes the IRS $17 million, and has been put on 40 dollar-a-week allowance, according to legal documents filed by his wife, Rita.
How did the brilliant mind that created hit shows such as “Deadwood,” “NYPD Blue,” and “Hill Street Blues” end up in such a bad place?
“He was crazy. He’d bet thousands and thousands of dollars. He’d bet every race,” a source told THR. The legal complaint filed by Rita against their business managers –Nigro Karlin Segal Feldstein & Bolno LLP — backs that statement up. Apparently, Milch lost $25 million gambling in the year between 2010 and 2011 alone. A bulk of that money was from betting on horses at the Santa Anita race track in Ca.
Gone is Milch’s $4.8 million dollar Brentwood mansion. Up for sale: his 22-acre, 8 bedroom, 11 bathroom, estate on Martha’s Vineyard for $8.95 million dollars.
Documents state that Rita has been forced to sell “a significant amount” of jewelry and art to make up for their cash deficit, and is now seeking damages against their business partner for not being informed of the couples’ dire financial situation. She is currently seeking $25 million dollars from NKSFB for not being apprised of her husband’s gambling losses.
However, NKSFB released a statement in response saying that they don’t believe that “this case has any merit legally or factually.”