The Singapore lottery is one of the biggest gambling activities in Singapore. There are different ways to win and the prizes depend on the rank of the numbers drawn. This is an exciting way to win money! Buying multiple tickets increases your chances of winning.
Singapore Pools is the only authorised betting operator in the country. It offers a wide variety of lottery products including 4D, Toto, Sweep, and motor racing.
In the past decade, the amount waged on lotteries and sports has increased by almost 40%. This was largely due to easing of the COVID-19 restrictions.
According to Singapore Pools, this has helped increase betting on the company’s products. As a result, the amount waged on the lottery in the previous financial year was SGD 6.6 billion.
In the upcoming 2021/22 financial year, the amount of betting is expected to grow dramatically. IGT Global Services has signed a six-year contract with Singapore Pools to supply its lottery system.
A spokesman for the Tote Board said that sports betting and lotteries are popular among Singaporeans. He said that the rise in betting is a result of easing of COVID-19 restrictions and the resumption of sports tournaments.
In the latest financial year, SGD 9.2 billion was wagered on lotteries and sports. This is a major improvement from the previous year.
The National Council on Problem Gambling has surveyed the population of Singapore to gauge their level of problem gambling. Their results showed that only 1% of the population is suffering from pathological gambling. They encourage individuals to take personal responsibility for their gambling habits and not to place excessive wagers.