Lottery Singapore is a state-owned company that runs the Singapore Pools lottery. It was set up in 1968 to curb the proliferation of illegal gambling syndicates. Since then, it has grown to become a profitable business. In the previous financial year, it recorded a total of S$9.2 billion in bets.
The main attractions of the lottery are its huge jackpots. The jackpot prize for the TOTO lottery is estimated to be $16 million, while the Singapore Sweep jackpot has a total of $2,300,000.
In addition to these prizes, there are also various bonus tiers for players to win. This helps to keep the overall ticket price down.
Besides the main lottery games, Singapore Pools also offers other betting options such as 4D and TOTO. Both of these games offer high cash prizes, but they come with varying rules.
TOTO: A Simple Game With Big Prizes
TOTO is a relatively simple lottery game in which you can choose six numbers from 1 to 49 and match them for each drawing. The drawings take place twice a week and you can buy tickets for as little as $1. However, you can choose to buy a system entry for a higher chance of winning.
The odds of winning a TOTO prize are 1 in 13,983,816. The prize pool is spread across 7 tiers, and the first tier jackpot accounts for 38% of the total prize pool. You can also win a prize by matching three numbers, and if you get five out of the six numbers correct, you can earn a S$10,000 cash bonus.