Lottery Singapore is the sole legal lottery operator in Singapore. It is a wholly owned subsidiary company of the Tote Board, which is a state-owned statutory board under the Ministry of Finance.
The company offers a range of games that are affordable and exciting. Furthermore, the prize money is not taxable which means that players can keep all their winnings.
Various lottery games are available at Singapore Pools outlets, online, and national authorized retailers. These include 4D, TOTO, and Singapore Sweep.
Singapore Sweep is a monthly lottery game that was launched in 1969 and is owned by Singapore Pools. In this game, 19 seven-digit numbers are drawn on the first Wednesday of every month. The jackpot can be as high as $2.3 million.
TOTO is another Singapore Pools-owned lottery form that was incorporated in 1968. The results of this lottery are published every Monday and Thursday at 6.30 pm.
In addition to its regular lottery draws, TOTO also offers two additional entry forms that can increase your chances of winning a prize. However, these additional forms come with a hefty price tag.
Toto is one of the most popular lottery games in Singapore, with 58 percent of residents participating in it at least once over a year. In fact, it is the second most popular lottery game in the world, behind 4-Digits.
A study has shown that a S$10,000 increase in unearned income through lottery wins improves household members’ self-reported overall health status and increases the probability of reporting excellent, very good, or good health by 7.3 percentage points. The findings suggest that lottery wins may have a greater impact on the health of lower-income households, especially those with liquidity constraints.