LOTTERY SINGAPORE
There are a number of places you can place your bets on lottery games in Singapore. These include Singapore Pools outlets, a website called SingSaver and some other online betting platforms.
The most popular form of lottery in Singapore is Toto (also known as TOTO). It was first introduced in 1968 and is held by Singapore Pools, the only legal lottery operator in the country.
If you want to play the lottery but don’t have a lot of time, check out Singapore Pools’ online service, which offers the opportunity to place your bets at any time and from anywhere. It also provides a convenient way to track your transactions.
You can choose to purchase a set of six numbers from 1 to 49 or a system entry or system roll. The latter allows you to choose a set of up to 12 numbers that are played in up to 914 combinations. In the event that you win, your prize will be calculated by multiplying the sum of all winnings by the number of numbers in your set.
TOTO is an extremely popular game for many Singaporeans and has been responsible for numerous big wins. But the odds of winning a jackpot are very slim, so it’s important to make smart financial decisions when you buy TOTO.
Under IRAS’ gambling duty regime, authorised betting operators and lottery promoters are required to submit a statement to IRAS by the 15th day after the last day of each month during which they conduct any races/events/draws. Failure to do so is an offence and IRAS will take enforcement actions against you. You can avoid these enforcement actions by paying a composition amount.