Lottery Singapore is a popular form of gambling and is regulated by the state-owned operator, SG Pools. In the last financial year ended March 2022, punters placed a record amount of money in bets for 4-D, Toto and other games. The easing of Covid-19 curbs contributed to the spike in betting activity, as did the increased accessibility of sports and other lotteries.
4-D and Toto are the most popular forms of gambling in Singapore, with 44% of polled Singaporeans and permanent residents saying they bet on them. However, it’s important to note that winnings from lotteries are subject to taxes in most countries. For example, the Internal Revenue Service (IRS) requires a 24 per cent federal withholding tax from US lottery winners before they can even claim their winnings.
Hence, it’s important to understand the taxation regulations surrounding gambling in Singapore before you play any games. Here are a few things to consider: