For the 18 ranchers who rely on the Maybell Irrigation District’s canal to funnel water to their fields, the 127-year-old headgate that diverted flow from the Yampa River meant a two-hour round trip through a rocky canyon whenever they needed water. … Then legalized sports betting came along, and, with it, millions of dollars for Colorado water projects. … Since sports betting became legal in May 2020, the state has collected more than $154 million in taxes, and the Colorado Water Conservation Board has funneled $140 million to various projects that preserve and conserve Colorado’s precious water. Supporters say the gambling money is a godsend for ranchers, fishermen, paddlers and others who want to protect the state’s water and those who depend on it for their livelihoods. Critics, however, say legalized sports betting has come at a cost.