Lottery Singapore is a Singapore-owned company that is regulated by the Tote Board, a statutory body under the Ministry of Finance. It operates a range of lottery games including 4-D, Toto and Singapore Sweep. It also runs sports betting on association football and motor racing.
The company has been around since 1968, when it was established to curb illegal gambling in the country. Today, it is the only lottery operator in Singapore.
Unlike most lottery operators, it does not charge taxes on its prizes. This means that any winnings are tax-free, making it a good option for those looking to invest their money in a safe way.
It also offers a flexible bet structure that impacts the prizes.
You can bet on the 4D or TOTO lottery for a minimum price of $1, including GST. However, if you want to bet on the Singapore Sweep lottery, you will need to spend a bit more.
The jackpot for the Singapore Pools 4D lottery is usually S$1 million, although this can vary depending on the draw time. The jackpots roll down if no winners are drawn for four consecutive draws.
Similarly, the jackpots for the TOTO lottery are also rolling and can be as high as S$3 million. The prizes are divided into seven tiers, each of which offers a fixed amount or percentage of the prize pool. If you win the jackpot, you can claim your prize at any of the authorized Singapore Pools venues.