Lottery Singapore Reports 40 Percent Increase in Gambling Spending

Lottery Singapore

Lottery Singapore is a regulated form of social gambling in Singapore. It is a game that involves predicting the outcome of a lottery drawing and the winnings are tax-exempt. It is a great way to earn a bit of extra income while still keeping your personal finances safe.

There are several types of Lottery Singapore games to choose from, including Toto, Big Sweep, 4D, and Toto Hongbao. A jackpot prize in Toto Hongbao can reach $16 million, making it one of the biggest lottery jackpots in the world.

The Tote Board reports a 40 percent increase in the amount of money gamblers spent on lotteries and sports bets in its last financial year, which ended March 2022. This is the highest sum it has reported in the past decade.

According to the report, this increase was due to relaxed COVID-19 restrictions and the resumption of sports tournaments globally. It also showed a strong performance in entry collections, which added SGD125 million to the total amount of betting.

Moreover, Mr Chua said the easing of Covid-19 restrictions had helped to encourage more people to spend on lottery and sports bets. He added that MSF would continue to work closely with the Ministry of Home Affairs and the Gambling Regulatory Authority to monitor the situation and review the need for further measures to address problem gambling.

Those who are in need of assistance can call the National Council on Problem Gambling’s helpline on 1800-6-668-668 or use its Webchat. They can also apply for a family exclusion order to suspend online gambling accounts.