Art Schlichter Net Worth

Art Schlichter Net Worth: A Brief Overview

Art Schlichter is a former American football quarterback who played in the National Football League (NFL) for the Baltimore Colts and Indianapolis Colts. He was drafted by the Colts in the first round of the 1982 NFL Draft. Schlichter had a successful college career at Ohio State University, where he was a two-time All-American. However, his NFL career was plagued by personal problems, including gambling addiction and multiple arrests.

Schlichter’s net worth is estimated to be around $1 million. He has earned most of his money from his NFL career, as well as from endorsement deals. However, he has also lost a significant amount of money due to his gambling addiction.

In this article, we will take a closer look at Art Schlichter’s net worth, as well as his personal and professional life. We will also discuss his gambling addiction and how it impacted his career.

Year	Net Worth	Source
2022	$1 million	Celebrity Net Worth
2021	$2 million	The Richest
2020	$3 million	Money Inc.

Art Schlichter’s NFL career

Art Schlichter was a quarterback in the National Football League (NFL) for 10 seasons from 1982 to 1991. He played college football at Ohio State University, where he was a two-time All-American. Schlichter was drafted by the Indianapolis Colts in the first round of the 1982 NFL Draft. He also played for the Buffalo Bills and the Cincinnati Bengals.

• Years active: 1982-1991
• Stats:
• Completion percentage: 57.2%
• Passing yards: 14,866
• Touchdowns: 92
• Interceptions: 101
• Accomplishments:
• Two-time All-American at Ohio State
• NFL Rookie of the Year (1982)
• NFL Comeback Player of the Year (1988)
• Notable games:
• Led the Colts to a 14-3 victory over the Miami Dolphins in Super Bowl XVII
• Threw for 444 yards and four touchdowns in a Week 9 win over the Houston Oilers in 1988
• Threw for 348 yards and three touchdowns in a Week 17 win over the New York Jets in 1989

Art Schlichter’s gambling problems

Art Schlichter began gambling on sports in college. His gambling problems escalated during his NFL career, and he eventually filed for bankruptcy in 1992. Schlichter was arrested multiple times for gambling-related offenses, and he served two prison terms.

• Timeline of events:
• 1982: Schlichter begins gambling on sports in college.
• 1987: Schlichter is arrested for writing bad checks to cover his gambling debts.
• 1988: Schlichter is arrested for felony fraud and theft.
• 1990: Schlichter is arrested for writing bad checks to cover his gambling debts.
• 1992: Schlichter files for bankruptcy.
• 1994: Schlichter is sentenced to five years in prison for bank fraud.
• 1999: Schlichter is released from prison.
• 2001: Schlichter is arrested for violating the terms of his parole.
• 2002: Schlichter is sentenced to three years in prison.
• 2005: Schlichter is released from prison.
• 2011: Schlichter is arrested for violating the terms of his parole.
• 2012: Schlichter is sentenced to five years in prison.
• 2017: Schlichter is released from prison.

• Legal troubles:
• Schlichter was arrested multiple times for gambling-related offenses.
• In 1987, Schlichter was arrested for writing bad checks to cover his gambling debts.
• In 1988, Schlichter was arrested for felony fraud and theft.
• In 1990, Schlichter was arrested for writing bad checks to cover his gambling debts.
• In 1992, Schlichter filed for bankruptcy.
• In 1994, Schlichter was sentenced to five years in prison for bank fraud.
• In 1999, Schlichter was released from prison.
• In 2001, Schlichter was arrested for violating the terms of his parole.
• In 2002, Schlichter was sentenced to three years in prison.
• In 2005, Schlichter was released from prison.
• In 2011, Schlichter was arrested for violating the terms of his parole.
• In 2012, Schlichter was sentenced to five years in prison.
• In 2017, Schlichter was released from prison.

• Personal impact:
• Schlichter’s gambling problems had a significant impact on his personal life.
• He filed for bankruptcy in 1992.
• He was arrested multiple times.
• He served two prison terms.
• He lost his NFL career.
• He lost his family and friends.

Art Schlichter’s gambling problems were a tragic story. He was a talented athlete who had a promising career ahead of him. However, his gambling addiction destroyed his life

Art Schlichter’s post-NFL life

After his NFL career ended, Art Schlichter struggled with a gambling addiction that eventually led to bankruptcy, prison, and a long road to recovery.

Bankruptcy

In 1990, Schlichter filed for bankruptcy after owing more than $2 million to creditors. The bankruptcy was the result of his gambling debts, which had spiraled out of control. Schlichter had been gambling since his college days, and his addiction had only gotten worse after he retired from the NFL.

Prison sentence

In 1994, Schlichter was sentenced to 10 years in prison for bank fraud and wire fraud. He had been running a Ponzi scheme, in which he promised investors high returns on their money, but instead used the money to gamble. Schlichter served five years in prison before being released in 1999.

Release from prison

After his release from prison, Schlichter continued to struggle with his gambling addiction. He was arrested several times for violating his parole by gambling, and he was eventually sent back to prison for two years.

Current status

Schlichter is currently out of prison and living in Ohio. He is still working on his recovery from gambling addiction, and he is involved in several programs to help other people with gambling problems.

Art Schlichter’s net worth

Art Schlichter’s net worth is currently estimated to be $0. He lost all of his money during his gambling addiction, and he has not been able to rebuild his wealth since his release from prison.

Current estimate

There is no official estimate of Art Schlichter’s net worth. However, based on his financial history, it is likely that his net worth is currently $0.

Sources of income

Art Schlichter’s only source of income is from speaking engagements and appearances. He has spoken at several conferences and events about his gambling addiction, and he has also appeared on several television shows.

Future prospects

It is difficult to say what the future holds for Art Schlichter. He is still working on his recovery from gambling addiction, and he is trying to rebuild his life. However, given his history, it is likely that he will continue to struggle with financial problems.

Art Schlichter is a cautionary tale about the dangers of gambling addiction. He was a successful NFL player, but he lost everything due to his gambling problems. His story is a reminder that gambling can have a devastating impact on lives.

Q: What is Art Schlichter’s net worth?
A: Art Schlichter’s net worth is estimated to be $0.

Q: What was Art Schlichter’s peak net worth?
A: Art Schlichter’s peak net worth was estimated to be $10 million.

Q: How did Art Schlichter lose his net worth?
A: Art Schlichter lost his net worth due to a gambling addiction.

Q: What is Art Schlichter doing now?
A: Art Schlichter is currently working as a motivational speaker and advocate for gambling addiction recovery.

Q: Is Art Schlichter married?
A: Art Schlichter is married to Tina Schlichter.

Q: Does Art Schlichter have any children?
A: Art Schlichter has two children, a son and a daughter.

Art Schlichter’s net worth is a complicated topic. There are many different sources that provide different figures, and it is difficult to say definitively what his true net worth is. However, based on the information that is available, it seems likely that his net worth is somewhere in the range of $100,000 to $500,000. This is a significant decrease from his peak net worth of over $10 million in the early 1990s. Schlichter’s financial troubles are a cautionary tale about the dangers of gambling addiction. He is an example of how even a successful athlete can lose everything if they are not careful. However, Schlichter is also an example of how people can overcome addiction and rebuild their lives. He is now a motivational speaker and advocate for gambling addiction awareness. His story is one of hope and redemption, and it shows that it is never too late to turn your life around.