The Singapore lottery is a popular way to spend money in the country. In fact, a survey by the National Council on Problem Gambling found that 44% of Singaporeans gambled at least once in the past year.
Lottery games in Singapore include 4D, Toto and Singapore Sweep. All of these games are operated by Singapore Pools, which is a subsidiary of the Tote Board.
Singapore’s newest game, TOTO, is a lot more familiar than its predecessor, 4-D. It offers a familiar format and decent prizes. However, it also comes with a hefty price tag.
Singapore’s statutory body, the Tote Board, says that the country’s gambling spending has grown significantly. A spokesman said that in the past decade, sports bets and lotteries were the two largest wagers in the country.
Sports bets included football and motor racing bets. The Tote Board also regulates horse racing in Singapore.
The government-owned Singapore Pools (Private) Limited is the only authorised betting operator. It is also the only company authorized to run lotteries in the country.
The Tote Board is also responsible for overseeing the operations of the Singapore Sweep and 4-D. This means that anyone who places a wager with an unlicensed or illegal operator could face a fine of up to SGD10,000.
A spokesman for the Tote Board said that the amount bet on lotteries has increased after the COVID-19 restrictions were relaxed. During the last financial year, the sums bet on lotteries rose by 40%.