Legalized gambling refers to the practice of allowing certain forms of betting and wagering under government regulation. This can include activities like lotteries, casinos, sports betting, and online gambling. The aim is to create a controlled environment where gambling can be safely conducted, often generating tax revenue for local and state governments. Different regions have varying laws regarding legalized gambling. Some places may allow all forms, while others may restrict it to specific types, such as horse racing or charitable gaming. Legalized gambling is often accompanied by measures to promote responsible gaming and prevent addiction.