Yes, and not to sound like an a completely out of touch ass, but it wasn't THAT MUCH money TO SOMEBODY who lives in LA and likes to fancy himself a "producer".
You can easily burn through 300/400k/yr just living that LA lifestyle depending on where you are living in California
I am NOT saying I understand WHY he chose to live in Califorrnia or like that....that is more of a psychological deal.
One of the huge issues Gold has is he never got a Pokerstars/Tilt deal...and those-at that time- were worth around 500k/1 million all told a yr.(some of this is in buying/travel allowance)
He only had that Bodog
deal for a short time, and bc his likeability was generally perceived as quite low, bc he was an American male in his 30s and bc he really didn't appeal to an underdeveloped demographic (pretty sure bi coastal American Jews play poker already, lol) he never really had a shot at a huge deal a la the Aulstralian champ.
You have to be looking at parlaying a WSOP crown into at least 5-10 million in residual income if you are smart about things.