‘It’s a top 5 state’; Colorado sports betting continues to set records Evan Kruegel, KDVR.com · October 10, 2020 at 6:26 pm It has been five months since sports betting was legalized in Colorado, and as more sports return, big money is beginning to flow. Numbers from the state’s Department of Revenue show Coloradans placed more than $128 million in wagers in August, an average of more than $4 million every single day. That’s a sizable change from May, when Coloradans placed $25 million in bets on things like table tennis and European soccer. “Colorado is now one of our top five, and growing,” says Johnny Avello. “It’s a great state to have on board.” Avello is the director of Race and Sports Operations for DraftKings, one of multiple online betting platforms now available in the state.