In April 2015, Singaporeans gambled nearly nine billion dollars on lotteries and sports betting. That amount is the highest in the past decade. This rise in gambling spending has led to strong results for lottery products and sports betting.
Gambling in Singapore is regulated by the Tote Board. This board oversees sports betting and horse racing in Singapore. It is also the regulatory body for the Toto Lotto.
According to the National Council on Problem Gambling survey, more than four fourths of Singaporeans gambled in 2019. The lottery was one of the favorite forms of entertainment.
Singapore’s Toto Lotto is run by Singapore Pools, the government-owned and operated betting company. Tickets can be purchased at outlets in Singapore and online. A ticket cost SG$1 per line.
The Toto Lotto was first introduced in 1968. In 2013, it was restructured to have a 6/49 format. In 2014, the prize changed to SGD$1 million.
A spokesman for the Tote Board said the sums bet on lotteries increased after the COVID-19 restrictions were eased. However, anyone who placed a wager with an unlicensed or illegal operator could be fined.
The second most popular game in Singapore is Toto. Tickets for Toto are available at all Singapore Pools outlets. If no one wins, the jackpot rolls over to the next drawing.
Another popular game in Singapore is 4D. It is also called the 4-Digits lottery. Players place their bets on a four-digit number between 0000 and 9999.