Colorado Doubles Down on Sin Taxes with Sports Betting (1)

Colorado may be fashionably late to the sports gambling party, but when it comes to sin taxes it’s a trend setter.

Colorado—the first state to legalize recreational pot—has just become the 14th to legalize sports betting. It joins Oregon and Nevada as the only states to collect revenue from both “sin taxes.”

But even in that small club, Colorado stands out. Oregon misses out on millions by charging no sales tax while Nevada has no income tax. Colorado collects on both, meaning money collected from legal sports bets and a much larger pool of pot taxes—potentially nearly $1 billion total ...