In the last financial year, the easing of COVID-19 restrictions has led to a dramatic surge in betting on lottery games like 4-D and Toto. According to the statutory body that operates Singapore Pools, 9.2 billion dollars was placed in bets on these products, a 40% increase over the previous year. This is the largest sum ever bet on Singapore Pools products.
The resumption of gambling activity after the end of the pandemic has been welcomed by many people in Singapore. The emergence of new online channels and platforms has allowed players to place bets on their favorite lotteries, even from the comfort of their homes. However, some of these sites do not offer the same level of security and transparency as the official lotteries operated by Singapore Pools.
Nevertheless, most of the popular lotteries in Singapore have retained their fundamental rules. They still require the players to make their selections and pay for their tickets, which they can purchase in official outlets. The winnings can be claimed through an online account or at physical outlets. There is also no requirement to pay taxes on the winnings, which is a great advantage for those who are not interested in the bureaucratic process of claiming their prizes.
The latest addition to the lotteries offered by Singapore Pools is a game called TOTO, which features 6 numbers plus one additional number. The lottery has a prize pool of $2.8 million and draws take place twice each week. In a recent draw, a man from Malaysia named Tan won the top prize of $2.4 million after correctly guessing all six numbers. He was using a chat app called ChatGPT, which offers a lottery service for users in Southeast Asia.