The correct answer is option 2: State.

The Seventh Schedule in the Constitution of India lists the division of powers between the Union (central government) and the State governments. It consists of three lists: the Union List, the State List, and the Concurrent List.

Option 1: Union refers to the central government, which has the power to make laws on subjects listed in the Union List.

Option 2: State means that the power to make laws on the subject of "Betting and gambling" lies with the State governments. Therefore, each State can regulate and legislate on this matter.

Option 3: Global is not mentioned in the Seventh Schedule and is not applicable to the division of powers in India.

Option 4: Concurrent refers to subjects on which both the central and state governments can make laws. However, in the case of "Betting and gambling," it falls under the exclusive purview of the State government.

Thus, the correct answer is Option 2: State.