Lottery Singapore is a popular form of gambling in the country, regulated by the government. It offers a variety of betting options, with the most popular being the Toto lottery, which allows players to select 6 numbers for each draw. It is available at all Singapore Pools outlets, with draws taking place every Monday and Thursday (Singapore time) at 6:30 pm, or 9:30 pm in case of a cascade draw.
Prize amounts up to 5,000 dollars can be claimed at any Singapore Pools authorized venue. For larger amounts, winners will need to visit the main office. Singapore Pools is a government-owned entity, and its prize winnings are tax-free.
During the last financial year, about $9.2 billion was spent on sports betting and lotteries by Singapore Pools bettors, a rise of about 40 per cent from the previous year. It is the largest amount ever spent by Singapore Pools bettors, according to Tote Board chief executive Chua Leekun.
But while there is an increase in the amount of money people spend on lotteries and sports betting, Mr Chua said that gambling participation has remained stable over the past decade. He was responding to a question from Marine Parade GRC member Seah Kian Peng on whether additional measures would be taken to curb problem gambling, amidst the spike in spending on these activities. Mr Chua said the MSF would continue to work closely with the Ministry of Home Affairs and Gambling Regulatory Authority to monitor the situation.