Colorado sports gambling takes off with record $326.9 million worth of bets in January Paul Best, Fox Business · February 28, 2021 at 9:15 am Colorado saw $326.9 million wagered on sports in January as gambling takes off around the United States. More than $1.5 billion in wagers has been placed in Colorado since the state legalized sports gambling last May. Professional basketball and professional football make up about half of all bets, though millions are placed on table tennis, ice hockey, MMA, soccer, and other sports as well. Since the Supreme Court ruled in 2017 that states can decide for themselves whether to have legal sports gambling, 25 states plus Washington, D.C. have established legal markets. The momentum has picked up amid the coronavirus pandemic as many states face unprecedented budget shortfalls. Colorado, for instance, collected $1,195,774 in taxes off January’s wagers, the state’s Department of Revenue said Friday.