Whether you’re new to the lottery game, or have just moved to Singapore and are wondering how it works here, this article will tell you everything you need to know. From how to buy a ticket to the odds of winning. We’ll also explain what the different lottery games are and where you can play them.
During the past few days, many Singaporeans formed long queues in hopes of becoming instant millionaires in this year’s TOTO National Day draw. The top prize was initially expected to be at around $5 million. However, it snowballed as the draw date neared. In the end, it was $13 million. The winning ticket was purchased at Rangoon Provision Shop, a Singapore Pools outlet located at Block 681 Race Course Road. It was a QuickPick System 8 entry. The outlet is a popular spot for those who work in the area.
The amount wagered on football betting and lotteries in Singapore jumped 12 per cent to $10.3 billion last financial year, according to the Tote Board’s annual report. This surpassed the previous year’s figure and was fuelled by the 2022 World Cup in Qatar. International Game Technology continues to seek new lottery deals around the world and has just signed an extension with Singapore Pools.
If you want to bet on a Singapore lottery, then you need to make sure that you are working with an authorised betting operator and a licensed lottery promoter. You must file a gambling duty statement to IRAS by the 15th of the month after the last day of the month in which you conduct your betting activities. Failure to do so will result in enforcement actions. However, you can avoid prosecution by paying a composition amount by the due date.