Getting lucky in the lottery is one of Singapore’s favorite pastimes. It’s a great way to relieve stress, bond with family and friends, or simply to take your chances of winning big money.
Lottery Singapore is regulated and organized by a government-owned lottery subsidiary company called Singapore Pools. It was set up in 1968 as a means to curb illegal gambling and betting in Singapore, a feat that has been achieved pretty well. Singapore Pools operates a wide variety of legal games, including the popular Singapore Toto.
While it’s easy to see why so many Singaporeans are drawn to the lottery, it can be hard to know how much is too much. Thankfully, the government is monitoring the situation carefully and does not expect problem gambling to rise significantly in the near future. In fact, the lottery participation rate seen in the SLP data set is similar to the gambling participation rate for those over 50 years of age in the 2014 National Gambling Participation Survey (NGPS).
There are a few interesting findings from our analysis of lottery-related variables: Firstly, lottery players tend to be less educated than non-players. The number of people who completed post-secondary education accounts for only 36 percent of players, while this figure is 45 percent among non-players. Secondly, the average annual spending on lottery tickets is about S$1687.
Toto has six prize tiers, with the top prize being given to those who have 5 correct numbers plus the supplementary number. Eight percent of the prize pool is dedicated to this tier, with the odds of winning it being 1 in 2,330,636.