Lottery Singapore offers a range of games, from 4-D to Toto. Players can buy tickets online or at participating outlets, and check their tickets for winning numbers in real-time. The official website also provides information on all games and prize payouts.
Investing in lottery games can seem like a gamble, but there are ways to increase your chances of winning big with small investments. If you’re a beginner, we’ve put together this quick guide to help you make an informed decision.
Gambling Duty & Rules
Under the gambling law, if you bet on lotteries, sports, horse races or other events in Singapore, you are required to fill out a statement and pay gambling duties to IRAS. Failure to do so is an offence that carries a fine.
Sudden Wealth
A sudden windfall of money could be a sign of financial insecurity or even fraud. As many as 70% of people who inherit sudden wealth end up losing it all. This can be a serious problem for those who are not prepared to deal with their newfound wealth, says the National Endowment for Financial Education.
Singapore Pools (Private) Limited
The government-owned lottery subsidiary company was established in 1968 to counter illegal betting syndicates and to give Singaporeans a safe and legal way to bet. It is a wholly owned subsidiary of Tote Board, a statutory body under the Ministry of Finance.
As the only authorised betting operator and authorised lottery promoter in Singapore, Singapore Pools is responsible for filing statements and paying gambling duty to IRAS. Its profits are channelled to Tote Board, which distributes the funds to a number of causes, including social service, sports, arts and education.