Lottery Singapore is one of the most well-established lottery traditions in the world. It has long been the country’s most popular game and surveys have shown that over 58 percent of its citizens participate in it at least once over the course of a year. The company behind the lottery, Singapore Pools, was founded in 1968. It organizes the games and offers more than 300 outlets throughout the country that facilitate ticket purchases. In addition to its legal lottery operations, Singapore Pools also provides funding for social and charitable causes.
The statutory body that oversees the lottery operators in the country is the Tote Board. Its members include Singapore Pools, the Singapore Turf Club, and the two casinos. The last financial year saw a record sum of money bet on the games, with sports betting contributing a significant amount. During the circuit breaker period when the two casinos were closed, Tote Board collected $125 million in casino entry levies, which is 10 per cent higher than the previous year.
The government owns the lottery company, which means that it doesn’t need to create more income by levying taxes on winners. This also helps in keeping the costs of playing low for the average punter. The lottery also has a reputation for being very easy to claim prizes and there are few restrictions on who can play the games. For this reason, it’s an excellent option for those looking to try their hand at winning a big prize.