In 1954 Gallatin led the NBA in rebounding, and was named to the All-NBA First Team. Gallatin was named to the All-NBA Second Team in 1955. Gallatin played in seven NBA All-Star Games. A member of the Naismith Memorial Basketball Hall of Fame, he was also a member of the SIU Edwardsville Athletics Hall of Fame, the Truman State University Athletics Hall of Fame, the Missouri Basketball Hall of Fame, the Illinois Basketball Hall of Fame, the Mid-America Intercollegiate Athletics Association (MIAA) Hall of Fame, the National Association of Intercollegiate Athletics (NAIA) Hall of Fame, and the SIU Salukis Hall of Fame.