Lottery Singapore is the state-owned operator of lottery games and sports betting. It has a portfolio of games including 4D, Toto and Singapore Sweep. The winnings from these games are not taxable in Singapore, which makes them a great way to make money while having fun.
Winnings Are Tax-Free
In Singapore, winnings from betting and lottery are considered as windfalls that are not taxable as income. You can claim your prize amount up to 5,000 dollars at every authorized Singapore Pools outlet, whereas for prizes above that limit, you should visit the main office of the company.
There are different kinds of lottery games available in Singapore, each with its own rules and unique features. The most popular ones include lotto, which involves picking six numbers from 1 to 49, and bonus number, which boosts your chances of winning.
If you like playing lotteries, then Singapore Pools offers some of the best games in the market. You can buy tickets at their physical outlets or online.
It’s easy to play and there are a lot of different lottery games available in Singapore. You can even win huge cash prizes with these lotteries.
The Singapore Tote Board reported that SGD9.2 billion was spent on lotteries and sports betting last year, a significant increase from the previous year. This was mainly due to the relaxed COVID-19 measures and the resumption of global sports tournaments. The Tote Board also reports that entry collections have been at their highest levels in the past four years.