The SG Pools lottery is one of the most popular forms of gambling in Singapore. It is regulated by the government and offers a variety of different games, including TOTO (6-of-49 lotto game, draws every Monday and Thursday), 4D (4-digit lottery game), and Singapore Sweep (7-digit pre-printed sweepstakes game). You can play the lottery at any of the 97 outlets located throughout the country or online.
The total amount of bets made in each game is added up and the winner’s prize is determined by the winning combinations. The more digits you match, the bigger your prize is. If you have won a prize, you can claim it up to 180 days after the draw. If you have not claimed your prize by this time, it will be forfeited.
IRAS is an independent statutory authority which collects gambling duties from promoters of racehorses, sports events and the Singapore lottery. These duties are used to fund a wide range of community and social programmes. Its activities are conducted under a strict set of standards and are audited by external auditors. IRAS is also the only body which conducts random checks on lottery operators.
According to a report by the Straits Times, the total amount spent on the lottery and sports betting increased in the last financial year from the previous one due to the relaxed Covid-19 measures and rising wages. The report noted that the average household spending on these two activities remained unchanged at S$4,500 per month.