In Singapore, lottery games are a popular form of gambling. However, they are regulated. Only one operator is authorized to sell tickets for the Toto, 4D, and Singapore Sweeps lotteries. Other gambling activities may also be permitted if they are conducted by a business that falls under the statutory exemptions of the Common Gaming Houses Act. The statutory body that regulates the lottery industry in Singapore, Tote Board, reported that it received SGD9.2 billion in ticket sales for its sports and lottery products last year, a record result.
The main types of lottery games in Singapore are the Toto, 4D, and Singapore sweeps. Each has its own set of rules and regulations. In the Toto lotteries, players must select six numbers from a pool of 49 and match them with the winning numbers. Toto draws are held every Monday and Thursday at 6:30 PM SG time. The minimum jackpot prize is $1 million.
A ticket costs 1 dollar for a single draw or $924 for a system of 12 draws. The average payout decreases when more small numbers are drawn, but increases when more large numbers are selected. To maximize your winnings, choose a mix of small and large numbers.
Unlike many other countries, Singapore does not tax lottery winnings. Instead, it focuses on taxes that affect other forms of income and consumption, which are consistent with the government’s broader strategy to encourage economic growth. To claim your winnings, bring a copy of the winning ticket to IRAS or pay the composition amount by cheque, crossed and made payable to the “Commissioner of Gambling Duties”. Payments must be submitted within three days of receipt to avoid prosecution.