Singapore’s sole lottery operator, Singapore Pools offers three types of lotteries – 4D, Toto and Singapore Sweep – as well as sports betting. It is regulated by the Tote Board, which also governs the Singapore Turf Club, which runs horse races.
Singaporeans who gamble on sports, lotteries or casino games do not pay income tax on their winnings as these are windfalls. However, some people who play excessively may face criminal charges.
A SINGAPORE man and his wife were ordered to stop their online gambling after they bet over S$3,000 a day for two years. The pair cited the need to avoid gambling addiction. They have also been told to exercise control over their spending.
The couple bet on sports and lottery tickets through Singapore Pools’ online platform, which allows them to place their bets from anywhere in the world. They can also call the National Council on Problem Gambling’s helpline to report their gambling issues.
They have also been advised to set limits on their betting activity and to seek professional counselling. They should also consult a financial planner and ensure they have enough money to cover their lifestyle expenses.
In addition, they should take into account their family’s needs and budget. They should not gamble on weekends, and they should have a clear financial plan for the rest of their lives.
In the last financial year, S$9.2 billion was placed as bets on 4-D, Toto and sports such as football. The amount was more than double the S$6.6 billion that was placed the previous year, after the Covid-19 restrictions were eased.