In Singapore, lottery winnings are not taxed. This means that you will not need to declare your winnings in your Income Tax Return.
The only authorised betting operator and lottery promoter in Singapore is Singapore Pools (Private) Ltd. This is a statutory board under the Ministry of Finance and operates under the Tote Board.
A recent report by The Straits Times says that SGD9.2 billion was spent on Singapore lotteries and sports in the 2021/22 financial year, which is the highest amount of placed bets the Tote Board has reported for the past decade. This increase was due to a number of factors, including the relaxation of COVID-19 restrictions and the resumption of global sporting events.
TOTO is a game where players select six numbers from 1 to 49. The odds of winning the first prize jackpot are one in 13,983,816, but you can also win a small sum of money by matching three or more numbers.
If you are looking to play the TOTO lottery, you can purchase a set of 6 tickets from any of Singapore Pools outlets. These tickets will be drawn twice a week on Monday and Thursday.
Buying a set of TOTO tickets is a great way to win some extra cash, but it’s important to be aware that they are not for everyone. You should be very careful about how much you spend, and make sure that you do not go overboard.