Lottery Singapore is one of the most popular forms of gambling in the city-state. It is a state-owned lottery operated by Singapore Pools, which is the only operator recognized by the government. This lottery was established as a way to moderate illegal gambling in the country in the 1960s, and it has since become an integral part of many Singaporeans’ Chinese New Year traditions. The game is available at Singapore Pools outlets and can be played in the form of hand-drawn or machine-drawn tickets. It is a standard 6-49 game that offers various prize tiers and the odds of winning vary depending on how many numbers are selected.
Currently, Singapore Pools has three different types of lottery games: 4D, Toto, and the pre-printed Singapore Sweep. Each of these games has its own rules and regulations, and minors cannot purchase a ticket. In addition, the company has also set up a website where customers can check their winnings and see previous results.
Unlike most other countries, where people spend less than a fraction of their income on tickets, Singaporeans are among the most avid lottery players in the world. When they are included in happiness or life satisfaction equations without adjustment for their lottery-expenditure variable, the famous null result is observed: winners appear to be hedonically indifferent to their financial gain and do not seem to be more satisfied with their lives than people who have not won. However, when the lottery-expenditure variable is included in these equations, a coefficient estimate (shown in column 1 of Table 2) is obtained that is small and statistically insignificant at conventional cut-off levels.