Gambling although has been around for a very long time it’s entry into the legal stream of things has come in only recently. Governments are starting to realize that legalized gambling is a way of changing the mindset of people about gambling. It has for quite some time been treated as a social evil and can now if treated and regulated within a defined legal framework can prevent a lot of social issues and also become a legitimate industry that is beneficial to everyone involved.There are quite a few options available to run a good legalized gambling operation that will benefit the person setting it up, let us explore a few.Casino: This is a one stop shop for almost all forms of indoor gambling options that can be set up under one roof, you can set up a variety of gambling options like crap tables, wheel of fortune, poker, black jack etc. In today’s hi-tech world there are several electronic options available which can be used without getting out of your home, all you need is a PC and an internet connection to access these options online. There are several companies that are now coming up with various versions of gambling options like poker, blackjack etc.Lottery: This has been around for a long time now and lottery in any form is a good way to make money, this is usually used by people who can’t really afford going to a casino, this is the cheapest form of gambling available.Sport Betting: Betting or gambling on the result of a sporting event is also a very popular way of gambling. The players usually bring out the odds on either the end result of a single game or tournament or bet on one player on how they would influence the end result of the game. Betting on sport has attained a cult status nowadays and is increasing in popularity day by day. There are various types of sport betting in prevalence, betting on a major sporting event such as the super bowl, betting on smaller tournaments, betting on performance of specific players for the duration of a single match, a complete tournament or on their career itself.The final thing that needs to be said is that gambling should be done with a sense of responsibility and reckless gambling can only create harm.