Lottery Singapore (Private) Limited, incorporated in 1968, is the sole lottery operator in Singapore and the only legal lottery in Singapore. The company operates a variety of lotteries, including 4-D, Toto and Singapore Sweep. It is also the only totalisator and bookmaker for association football and motor racing betting.
The state lottery was founded on 23 May 1968 to curb illegal gambling in Singapore, countering the rampant betting syndicates that were prevalent. It is an important policy tool used by the government in countering gambling addiction and boosting the economy.
Its success can be attributed to its low cost and accessibility to consumers. The minimum entry price for a four-digit bet ranges from $1 to $3, including GST. Players can spend extra money to avail additional privileges like system bets and other incentives.
Some of the benefits of online lottery Singapore include the convenience of playing at any time, anywhere and the ability to buy tickets anytime without a hassle. In addition, you can access the lottery website at any time to check your winning numbers and rules.
In the latest financial year, gamblers in Singapore spent SGD9.2 billion on lottery and sports betting products, a 43% increase over the previous year’s results. In addition, a record SGD125 million in casino entry levies was collected. This is a strong indication that the government’s decision to ease COVID-19 restrictions has been successful in reinvigorating Singapore’s economy.