Lottery Singapore is the country’s leading lottery operator. It offers a wide variety of games including 4-D, Toto and Singapore Sweep.
It is regulated by the Tote Board, which is a statutory body that governs Singapore Pools and the Singapore Turf Club, which operates horse races. It is also licensed to conduct sports betting.
The Tote Board’s latest annual report shows that bettors spent a record $9.2 billion on lottery and sports bets in the 2021/22 financial year, up 40 per cent from $6.6bn in the previous year. This was the highest betting amount since at least ten years.
This spike in bets comes after COVID-19 restrictions were eased last year, a move that led to the largest amount of placed bets in the last decade. The increase was partly due to a surge in online wagering.
A woman who won more than S$200,000 in the 4D game was allegedly denied her prize by a friend, who was subsequently sent away without her winning ticket. A post in a closed Facebook group shared the story, warning fellow gambling-mad Singaporeans of the dangers of asking people to place their bets on their behalf.
Despite the harrowing story, there is still hope for those who want to win big in Lottery Singapore. New research shows that a lottery win improves self-reported health in households. But it is important to note that the results only hold up when a variable on lottery expenditure is included as a control in happiness and life satisfaction equations.