Lottery Singapore is a popular form of gambling in Singapore. It is regulated by the Tote Board, a statutory body that governs lottery operator Singapore Pools and the Singapore Turf Club, which operates horse racing. Lotteries comprise 4-D, Toto and Singapore Sweep while sports betting refers to football and motor racing bets.
In addition, the Singapore Pools website also offers a range of online games and other casino offerings. The site is free to join and offers a variety of payment options. Players can deposit money using the same methods they would use to make a standard bet. The top prize for a winning combination in the Toto game is $2.8 million dollars.
While gambling isn’t considered to be a problem in Singapore, the government still maintains strict controls on the amount of money that can be spent on betting. In 2021, a study found that lottery winners had significantly lower health risk factors than non-winners. The authors attribute this to the impact of income on health.
To place a bet on the lottery, you must be an authorised betting operator or an authorised lottery promoter. You must file a Statement of Gambling Duties with IRAS by the due date of the last day of the month in which you conduct your betting activities. A late filing may result in enforcement actions. You can avoid prosecution by paying a composition amount. To do so, submit a Singapore cheque, crossed and made payable to the “Commissioner of Gambling Duties”, with your full name and tax reference number written on the reverse side of the cheque.