Lottery Singapore is an official lottery regulated and organized by the government-owned subsidiary company, Singapore Pools. The company organizes several legal games, including the popular TOTO lottery game and provides outlets throughout the country where people can buy tickets and claim prizes. It also generates funds for social and charitable causes.
While the majority of lottery players in Singapore are older, there is a growing number of younger adults participating in the activity. According to a survey conducted by the National Council on Problem Gambling, 44 per cent of Singaporeans and permanent residents polled said that they bet on lotteries such as Toto and 4D. However, it is important to note that lottery gambling is not a valid form of entertainment for minors in the country.
The easing of COVID-19 restrictions has led to a surge in gambling in Singapore, with record-breaking results for the Tote Board’s last financial year. The statutory body collected SGD9.2 billion in bets, an increase of 43% on the previous year. In addition, daily casino entry levies added an extra SGD125 million to the collections.
While a large portion of the money bet is spent on tickets, some individuals spend so much that their well-being can suffer. To examine the impact of these spending habits on individual happiness and life satisfaction, we analyzed new data from an intensive lottery-playing nation like Singapore. The data reveals that when lottery-expenditure variables are included in happiness equations and life satisfaction equations, the famous null result disappears.