Lottery Singapore is the only legal lottery operator in Singapore. It was set up in 1968 to curb illegal gambling in the country, and its main goal is to prevent people from making risky bets.
The lottery is organised by a state-owned company called Singapore Pools (Private) Limited, which is owned by the Tote Board. The company also runs other forms of sports betting, including association football and motor racing bets.
There are several types of Singapore Pools lottery games to choose from. These include the 4D lottery and TOTO. The latter has a payout structure that is similar to 4D, but the numbers in TOTO are randomly drawn.
If you have a winning Singapore Pools lottery ticket, it is important to know how to claim your prize. You can check the results online, via the app or at selected Singapore Pools outlets.
A lottery prize is not subject to tax in Singapore, so it’s a great way to boost your financial well-being. You can put your prize into a savings account or invest it in robo-advisors to further grow your wealth.
You should also consult your financial advisor if you win a large sum of money. They are trained to look at your winnings objectively and help you make the best financial decisions for yourself.
One woman who won a 4D lottery prize last year was betrayed by a friend she asked to buy her ticket. The woman had hoped to split the winnings with her friends, but her friend allegedly ran away with her prize.