One of the most popular gambling activities in Singapore is the lottery. Players purchase tickets for certain number combinations with the hopes that their numbers will be drawn and win a cash prize. Cash prizes are awarded based on the rank of the numbers drawn, with first prize winning the most cash. If you win the lottery, you can expect a lump sum payout of at least ten million Singapore dollars.
The Singapore Pools, the company behind Lottery Singapore, has a long history. Few national lottery organizations can match its longevity and commitment to a variety of good causes. Aside from lotteries, Singapore Pools also offers sports betting options. The company has earned the respect of many players by paying out prizes and creating some of the country’s newest millionaires.
The game was relaunched in 1998 with new prize structures and pledges to the Esplanade Theatres on the Bay. The first prize was doubled to $2.3 million in 2004 and gradually increased to $2.3 million in 2013. The lottery has a one in eleven chance of winning, but if you do win, you can use the online prize calculator to calculate the amount you will receive.
Singapore Pools is the only legal lottery operator in Singapore. Its lottery games include the popular Toto and 4D games. It also runs a horse racing betting operation. The company was established in 1968 and is owned by the government.