About Lottery Singapore
Founded in 1968, Singapore Pools (Private) Limited is the sole lottery operator in Singapore. It is a state-owned company and a subsidiary of the Tote Board, a statutory board under the Ministry of Finance. It also is the sole legal bookmaker and totalisator for association football and motor racing betting in Singapore.
TOTO is a lottery game where players select 6 numbers plus one additional number to try and win cash prizes. The game was first launched in 1968 and has been a popular lottery in Singapore ever since. The game is very simple to play and 58 percent of Singapore residents have played it at least once over the course of a year.
The odds of winning the jackpot are 1 in 13,983,816. The minimum prize is $1 Million and the maximum is $10 Million.
Aside from lottery, Singapore has many other forms of gambling including palm readings, fortune telling and TOTO. The TOTO outlet at People’s Park Centre is one of the most popular locations for many to try their luck with this game.
Toto is very popular among the younger population as it is very easy to play and involves little brain power. It is a great way for people who are not confident to try their luck.
The Singapore government recently eased restrictions on lotteries and sports betting, which led to a dramatic surge in placed bets. As a result, the Tote Board recorded a 40 per cent increase in bets from $6.6bn in the previous financial year, to $9.2bn in the 2021/22 financial year, according to a report by The Straits Times.