There are numerous ways the States can allow and operate Legalized Sports Wagering. Here are 4 of the miost popular ideas being kicked around:

1. Allow it at Race Tracks. New Jersey is getting ready to open up shop at Monmouth. Disadvantage: People have to drive to get to the racetrack.

2. Allow Casinos to Operate it. This may lead to problems because Indian Land is on Federal Government Property, not State Property. More Court Cases ahead.

3. Allow wagering at facilities similar to New York's OTB (Off Track Betting). Tie Sports wagering into the computers that handle the lottery games. Keep it separate from lottery games.

4. Allow wagers to be sold anyplace that sells Lottery Tickets. In other words, make it a Lottery game. Pick any number of winners from, say 1 to 16 in both college and pro sports.

5. Legalize computer and phone wagering on these games and allow casino's to operate them.

My guess is that you will see a little of each depending on what state you live in.