Lottery Singapore is the largest lottery operator in Singapore. The government-owned company operates three lotteries – Toto, 4D, and Singapore Sweep.
The lottery is also responsible for generating money for charity and social causes. According to the Singapore Lottery Association, 58 percent of Singapore residents have played the lottery at least once in their lifetime.
Winnings are not taxed in Singapore.
The Singapore government has a gambling board, called the Tote Board, that controls the operation of lottery games. This statutory body is also responsible for overseeing horse racing and football betting.
There are more than 300 outlets in Singapore that facilitate ticket purchases and the payment of prizes. The Tote Board has also collected S$125 million in casino entry levies in the past financial year, up 10 per cent from a year before.
Surveys reveal that a significant number of Singaporeans spend a lot of time playing the lottery. In fact, a recent study found that lottery wins improve well-being.
This could be because they boost feelings of satisfaction and happiness. However, this effect only becomes apparent when the amount of lottery spending is accounted for in happiness equations and life satisfaction equations.
Toto is one of the most popular lotteries in Singapore. It offers 6 prize tiers, including the jackpot, and an additional supplementary number that is chosen to increase your chances of winning.
It costs a dollar to buy a ticket and you can play it twice a week on Monday and Thursday. The odds of winning the first prize are one in 13,983,816.