Lottery Singapore is a legal national lottery game organized and regulated by the State-owned subsidiary company, Singapore Pools. The company is a wholly owned subsidiary of the Singapore Tote Board, which operates as the sole totalisator for association football and motor racing betting in the country. The company was established to moderate illegal gambling in the country and promote a legal alternative.
There are several ways to play the Singapore Pools’ lottery games, including through its online platform and physical outlets. The games are primarily games of chance, but players can use additional privileges like system bets to improve their chances of winning. The prizes can range from a few dollars to millions of dollars.
Toto is one of the most popular lottery games in Singapore. It was first introduced in 1968 and is currently a reputable brand operated by the Singapore Pools, the only legal lottery operator in the country. The prize money for Toto draws can reach up to 12 million Singapore Dollars. The winner can claim their prize within 180 days of the draw. The government does not levy taxes on the winners of Toto, which is an added benefit for players.
The rules and regulations of each lottery game vary slightly between the different types offered by Singapore Pools. However, they all share the same fundamental principles. For instance, the winnings for each lottery game are based on the number of correct numbers that a player correctly guesses in each drawing. The odds of winning vary between the different tiers, with the highest awarding only 38% of the jackpot pool.