Lottery Singapore is a trusted, safe and legal way to bet on various lottery games such as 4-D, Toto, sportsbook/sports betting, Horse Racing, Singapore Sweep and more. It is regulated under the Singapore Totalisator Board and is committed to give the best services and products for the people of Singapore.
Winnings in a lottery are not taxable as they are windfalls and not considered as an income. This also means that you do not have to declare the winnings in your Income Tax Return.
Singapore Pools is the only authorised betting operator and lottery promoter in Singapore. It is a member of the IRAS.
IRAS is responsible for collecting gambling duties on bets placed on races, events or draws by authorised betting operators and lottery promoters. The amount collected is based on the total value of bets placed and the dividends (payout) payable to bettors.
The IRAS Gambling Duty Statement is required to be submitted to IRAS by the 15th day of every month after the end of each race, event or draw that the authorised betting operator or lottery promoter conducts. Failure to file the statement by the due date is an offence and will lead to IRAS taking enforcement action.
It is important to remember that there is no guaranteed way to win in a lottery. Nevertheless, there are strategies that you can employ to improve your chances of winning a prize. These include identifying a number sequence that is very uncommon, which others are unlikely to pick and placing a larger bet than you think you can afford.