Lottery Singapore is a national lottery game regulated by the Tote Board, a statutory authority in Singapore. Its operations include 4-Digits, Toto, and Singapore Sweep lottery games, as well as football and motor racing sports betting. Singapore Pools also offers mobile phone applications to allow players to place bets from any location.
In the wake of the pandemic, the Tote Board relaxed some of its Covid-19 measures, allowing casinos to resume operations, but under conditions that include limits on patron numbers, safe distancing, temperature monitoring, controlled access and contact tracing. The new regulations were aimed at mitigating risks to gambling operators, customers and the public.
The Toto lottery is a popular form of gambling in Singapore. It has several tiers of cash prizes and different odds for each tier. It is available at most of the authorised outlets in the country. The most popular tier of prizes is the gold ball, which offers a jackpot prize of up to $1.4 million.
While some players are hesitant to play this type of lottery because the odds are not as spectacular as those for other lotteries, the Toto is an interesting option. It is especially attractive to those who prefer being in control of their bets and the amounts they win. The system bet allows players to choose from all possible combinations of 4 digits, which can be quite expensive but gives them the opportunity to win big.
Reassuringly, the sample statistics for lottery spending in our SLP data set are similar to those reported by official government-run surveys. The average monthly lottery spending per adult was surveyed at S$1688 in the NGPS survey, and at S$212 in ours. The coefficient estimate on the variable “lottery-winning amount” in our SLP dataset, shown in column 1 of Table 2, is small and statistically insignificant at conventional cut-off levels, confirming the famous null result of research on gambling addiction: lottery winners appear to be hedonically indifferent to their financial windfalls.