Lottery Singapore is a popular gambling activity where punters can purchase their selected number combinations in the hope that their numbers will be drawn to win cash prizes. The prize amount depends on the rank of the winning numbers, with the first prize or jackpot offering the highest payout.
Lotteries in Singapore are governed by the Tote Board, a statutory body. The company operates lottery games such as 4-D, Toto and Singapore Sweep, along with sports betting on association football and motor racing bets.
The Tote Board has been credited with curbing illegal gambling, and ensuring that people who spend money on lotteries and sports betting pay their duties on their winnings to the Singapore Revenue Authority (IRAS). In the past financial year, the Tote Board recorded SGD9.2 billion in wagering on lottery and sports bets, a 43% increase over previous years.
It has a large prize pool, with a total of $2.8 million being invested in each draw. The lottery is regulated by the government, and over 58% of locals play at least once per year. Those who have won a Toto prize can claim their winnings at any Singapore Pools outlet.