Singapore Pools is the only legally authorised lottery promoter in the country. It is a government-owned company. The company offers a variety of games, including Toto, Sweep, 4D and football betting.
The company has a sophisticated central system to keep up with the large volume of bets placed each day. This system provides reliability and a single point of access to all applications.
In addition to sports and lotteries, Singapore Pools also offers online gambling. Customers can make bets over the phone or through their accounts. However, the company warns users to be careful. Any wager with an unlicensed or illegal operator can lead to fines of up to SGD10,000.
The lottery is governed by the Tote Board, which is a body that oversees horse and sports betting in Singapore. The board also supervises Singapore Pools.
Singapore Pools was formed in 1968, and became government-owned in 2014. The company is the only legal betting provider in the country. Unlike other forms of betting, Singapore Pools does not accept bets from people under the age of 18. Besides Lottery, the company also runs Singapore Sweep and football betting.
As part of the Singapore Pools deal with IGT Global Services, the company will use IGT’s Aurora central system to run its lottery services. This system has a plug-and-play data integration that supports a high volume of daily transactions.
The totalisator pool is divided amongst the winners of bets. If no one wins a prize, the money will be carried over to the next draw.