Lottery Singapore is a state-owned company that was founded in 1968 and is the only lottery operator in Singapore. It is regulated by the Singapore Totalisator Board and operates a portfolio of products including Toto, Singapore 4D, sportsbook/sports betting, horse racing, Singapore Sweep and more.
Singapore Toto is a six-number game that is drawn twice each week. It has a jackpot prize pool that is typically 54% of sales for a draw, and prizes are awarded at random. The game is played by spending $1 on a single ticket, choosing 6 numbers from 1 to 49.
The odds of winning the top prize in the Singapore Toto Lottery are 1 in 61, but players can increase their chances by playing with a system bet. A system bet involves selecting a set of 6 numbers and placing a bet on all combinations that arise from the set.
It costs 24 dollars to place a system bet on 24 combinations, which is 28 times as much as an ordinary bet. The Singapore Toto system bets are available for all age groups and can be customised by changing the number of numbers you choose and the amount you bet.
A person who places bets on races, competitions, sporting events or other events and processes involving money in Singapore must submit a gambling statement to IRAS within the 15th day after the last day of the month during which such activities take place. Failure to do so can lead to enforcement actions by IRAS.