"Legal gambling" refers to the act of participating in games or activities that involve risking money or valuables, such as in casinos or lotteries, which is permitted and regulated by the law of the land. Full definition
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And the pervasiveness of campus gambling parallels the explosion in legal gambling in the U.S. (of which college students also partake). (si.com)
Businesses deriving more than one - third of gross annual revenue from legal gambling activities (ondeck.com)