The government owns Singapore Pools, the official lottery operator in the country. The company offers many affordable and exciting games that give players the chance to win massive prizes. It also makes claiming winnings a snap, with little bureaucracy involved. Additionally, winnings are tax-exempt in Singapore. The company urges people to gamble responsibly, however, and warns against lending money to play the lottery.
Lottery Singapore is one of the most popular forms of gambling in the city-state. Those who play the game enjoy fair gameplay and decent prize amounts, though some players are taken advantage of by scammers. In one recent incident, a woman was scammed out of more than SG$50,000 by two unidentified men who claimed to be lottery officials. The victim shared her story in a Facebook post, calling on police and Singapore Pools to intervene. However, the police and Singapore Pools said they could not help as the matter was between the parties.
Despite the warnings, some punters are still willing to take a chance on the lottery. In fact, the city’s statutory gaming authority recently recorded its highest-ever results in the last financial year, with a total of SGD9.2 billion wagered on lotteries and sports betting. This is a 43% increase over the previous year, and more than twice as much as the amount that was wagered in 2013. The surge was driven mainly by the COVID-19-induced easing of casino entry levies and other restrictions on gambling.