Lottery Singapore is the only legal gambling provider in Singapore. Its games include 4-D, Toto, and Singapore Sweep. It is regulated by the Tote Board, which has also started lifting COVID-19 restrictions in recent years.
Betting on the lottery is a popular way for bettors to make money, and it’s an accepted form of recreation in Singapore. However, there are some things you should know before betting.
File gambling duty statement with IRAS on time
If you’re an authorised betting operator or authorised lottery promoter, you have to submit a gambling duty statement (Statement) to IRAS every month during the period of gambling activities for each race/event/draw. Failure to do so can result in enforcement actions against you.
The most important thing is to exercise personal responsibility when it comes to betting. Taking the right steps can help prevent you from getting into debt or falling into the cycle of problem gambling.
The odds of winning in Singapore’s 4D and Toto lottery are relatively high, so there’s a chance that you’ll win big. Buying a ticket is a small investment, but it can be worth it in the long run.