Lottery Singapore is a state-owned subsidiary company of the Tote Board that operates lottery games. It also offers sports betting, such as association football and motor racing betting. It is the only legal operator of Lotteries and sports betting in Singapore. It has been operating since 1968.
Its portfolio of games includes Singapore 4D, Toto and Singapore Sweep. The company is a member of the Asian Lotteries Association and the European Lotteries Association. It has over 200 retail outlets in the country and is one of the most popular lottery operators in Asia.
According to the latest statistics, about 52 percent of Singapore residents purchase lottery tickets. Moreover, 45 percent of these players buy their tickets every week. In addition, the average annual spending on a ticket is S$1687.
The easing of Covid-19 restrictions has led to an increase in gambling activities, especially for online lottery and sports betting. During the Tote Board’s last financial year, which ended in March 2022, about $9.2 billion was spent on bets on lotteries and sports, which is the highest amount in a decade, The Straits Times reported. Despite this, gambling addiction still exists in Singapore. The National Council on Problem Gambling recommends that gamblers should not bet beyond their means. It also advises family members to keep an eye on their loved ones to ensure that they are not betting excessively. Those who have a problem with gambling should seek help by calling the hotline or using their webchat service.