Lottery Singapore, a subsidiary company of Singapore Pools, operates several different lottery games in Singapore. These include 4D, Toto and Singapore Sweep.
The lottery is a form of gambling that revolves around luck, much like online classic slots. You can play the games online or at a Singapore Pools outlet in person.
Winnings are not taxable in Singapore as they are considered windfalls and not considered as an income. However, you may be required to declare any winnings in your Income Tax Return if you have an income tax liability.
The Singapore Pools lottery system is fairly simple to understand and all of the games follow the same fundamental rules. It’s a good idea to familiarise yourself with the basics before playing.
Toto, the most popular Singapore lottery game, features six numbers from 1 to 49 plus one “additional” number that’s drawn at random in each draw. A prize pool of 54% of sales is established for each draw, typically bringing in $2.8 million dollars to the Singapore economy.
In addition to the jackpot, there are 6 additional prize tiers to be won. These prizes range from 10 dollars to $16 million.
A single ticket costs a minimum of $1, including GST, and you can make system bets to increase your chances of winning. These bets can boost your odds of winning, though they can also be a bit pricey.
Lottery Singapore is regulated by a state-owned lottery company called Singapore Pools. It was founded in 1968 and is the only operator that has the legal authority to organize these games.