Choosing your lottery tickets
Singapore is home to several different types of lotteries. These games are fun and easy to play, and are a great way to try your luck at winning big!
Online gambling: Whether you are looking to play lotteries from your computer, tablet or mobile phone, there are many options available. These games offer a variety of prizes, so you can find one that is right for you.
Buying your lottery tickets: What you need to know
The most popular Singapore lotteries are 4-D and Toto. These games are regulated by the Tote Board, which is a government body that governs the country’s lottery operator and horse racing club.
These games are a popular form of gambling in Singapore, and are a common way for residents to make money on the side. However, these games are not without their risks.
Taxes on gambling: What you need to know
IRAS collects gambling duties from Singaporeans who place bets on sports, including football and motor racing. In the last financial year, IRAS collected $9.2bn in gambling duties, which were the result of Singapore lifting COVID-19 restrictions.
Singaporeans should also consider their own personal finances before placing bets. A study by the National Council on Problem Gambling found that a high income could lead to a higher risk of depression, anxiety and suicidal thoughts.
However, these risks are low if you’re not playing the game for profit. Rather than making the mistake of purchasing your ticket for a large amount, try betting a small amount of money on a lower prize category. This strategy will give you better expected value and a lower chance of winning.