Lottery Singapore is the sole legal lottery operator in Singapore and it offers a variety of games. Its popular games include 4D, Toto and Singapore Sweep. It also runs sports betting on football, cricket and horse racing.
The amount gambled on lottery and sports in Singapore was SGD9.2 billion (US$6.8 billion) in the Tote Board’s last financial year, an increase of 40 per cent from the previous year, according to The Straits Times in December 2022. The statutory body said that the number of people who bet on lottery and sports has also increased, as a result of relaxed Covid-19 measures.
A 60-year-old Singaporean woman was jailed for nine weeks after she violated Covid-19 laws by leaving her home to eat, get vaccinated and collect her lottery winnings while under a quarantine order last year. She was convicted under the Infectious Diseases Act on Wednesday.
Problem gambling is not acceptable in Singapore, and individuals should exercise personal responsibility to avoid betting beyond their means. Individuals can ask for help from the National Council on Problem Gambling’s helpline or Webchat.
Singapore is a highly competitive country, and it is important to have an efficient system for managing your finances. In this context, the government has established an effective taxation system that helps to keep Singapore competitive in the world market.
In addition to the levying of taxes on winners, the Singapore government also imposes strict regulations on all lottery operators and prevents them from transferring money overseas without proper authorization. These measures ensure that only legal and regulated lotteries operate in the country.