Singapore lottery is one of the world’s most popular lotteries, and the jackpots can be incredibly large. The lottery is drawn twice a week, and each draw has the potential to produce three or more jackpot winners. This allows players to purchase a ticket for a minimal cost and still have a chance at winning a substantial amount of money.
Unlike many worldwide lotteries, the Singapore Toto jackpot rolls over and grows each time no winner is declared. This makes it possible to increase the number of numbers that can be chosen for a particular ticket, and thus boost your chances of winning.
Last year’s Toto jackpot reached a record-high amount of $13 million, but the lottery has not seen a big winner since. This is partly due to the recent changes in how the jackpot is calculated, which has reduced the odds of winning by a small percentage. But the jackpot is still huge and can change the lives of those who play it.
Another factor is the declining popularity of horse racing in the country. The Tote Board, which oversees the Singapore lottery and horse races, has recently announced that it will close horse racing operations in March 2027 to allow for land redevelopment. This will have a significant impact on the revenue generated by betting on Toto, 4-D and football.
Despite these setbacks, the Singapore lottery continues to grow and is still the most popular form of gambling in the country. During the financial year that ended in March 2023, more than S$10.3 billion was wagered on Singapore lotteries and sports bets, a 12% increase from the previous fiscal year. This increase was driven by increased interest in the 2022 Football World Cup and the fact that casino entry levies were waived for foreigners who arrived in Singapore after April 1.
A construction worker who won a S$2.3-million jackpot in the Singapore Sweep lottery has been photographed with his newfound riches. The pictures have gone viral online, with social media users congratulating him on his victory and calling him an overnight millionaire. The Indian migrant’s identity is not known, but his colleagues took pictures of him with the S$2.3-million cheque issued by United Overseas Bank.
You must file a statement of gambling duties with IRAS by the 15th day after the last day of the month in which you conduct the betting activities. Failure to file the statement by the due date will result in enforcement actions. You can avoid prosecution by paying a composition amount that is determined by IRAS based on your past compliance records. The payment should be made by Singapore cheque crossed and made payable to “Commissioner of Gambling Duties”, with your full name, NRIC and tax reference number written on the reverse side of the cheque. You may pay the composition amount at any IRAS office or by post. The IRAS website has instructions on how to make the payment. You must submit the payment slip with your statement of gambling duties.
