Lottery Singapore is a government-sponsored lottery run by the statutory body, the Tote Board. This governing body oversees lottery operator Singapore Pools and the Singapore Turf Club, which operates horse races. It also oversees sports betting, which includes football and motor racing bets. In the last financial year, the Tote Board reported that gamblers spent a record amount on Lottery and Sports betting.
In the past, lottery scammers have targeted older people in Singapore with a slick marketing campaign. They lured the victims by convincing them that they were legitimate lottery winners, requiring them to transfer money and pay administrative fees. They then disappeared with the winnings, leaving their victims out of pocket and frustrated at being duped. The scammers have used a variety of methods to target the victims, including social media and online chat apps.
Toto, or TOTO as it is known locally, was launched in 1968 as a manual lottery system by Singapore Pools. Over the years, it underwent several changes in terms of gameplay and technology. The most significant change was the introduction of a rollover jackpot in 1981, which increased the size of the prize pool.
This article analyzed the impact of lottery winnings on self-reported health by looking at survey data from the 2014 Singapore National Household Income Survey (SNHIS). It found that lottery wins improve household members’ reports of excellent, very good, or good health by about 0.15 standard deviations. This is similar to the impact of a ten-dollar increase in income on health.