While the COVID-19 pandemic forced us to cancel many popular cultural and sports events in Singapore, gambling activities such as lottery and sports betting have been doing well. According to the Tote Board’s last financial year results, there was a 43% increase in total wagering by Singaporeans, with the lottery and sports betting products leading the way.
Lottery Singapore is a legal form of gambling established in the country by the state-owned Singapore Pools. It is known by a variety of names around the world and is the second most famous method of gambling in the country behind 4-Digits. Tickets can be purchased at the official Singapore Pools outlets and draws are conducted every Monday and Thursday at 6:30 pm SG time (the draw time is transferred to 9:30 if there’s a cascade draw). The owner of Singapore Pools spends all the profit they accumulate from this lottery form on charity and other legitimate work.
The game is quite similar to online classic slots, with a simple process where you pick your numbers and pay. There is no need for any bonus features or additional drawings, and claiming prizes is a breeze since there’s no bureaucracy involved. In addition to that, you won’t have to pay any taxes for your winnings. This is because the state-owned operator generates its own revenue from this type of gambling and doesn’t need to levy additional taxes on its winners. However, the company urges its players to play responsibly and not bet beyond their means. Individuals who show signs of problem gambling can also call the National Council on Problem Gambling’s helpline for assistance.