The Singapore lottery is a form of gambling that allows participants to choose a set of numbers in the hopes of winning cash prizes. It is a regulated and legal game, operated by Singapore Pools. The company is the only authorized lottery operator in the country and was established in 1968. It is a popular game amongst residents and has grown to be the second most favored form of gambling activity in the nation, according to an official report published by the Singapore Pools in April 2015.
Many people are familiar with buying tickets at local lottery shops. However, there is another option that has gained popularity in recent years: purchasing lottery bets online. This is a convenient and safe method that has made it easier for more people to play the lottery without having to leave home.
Unlike most other worldwide lotteries, the Singapore Toto jackpot rolls over and grows after each draw. This means that there is a chance to win multiple jackpots within one week. This is one of the reasons why the game is so popular in Singapore.
In addition, the lottery does not impose taxes on winnings. This makes it more attractive to international players. However, the fact that there are no taxes does not mean that the prizes won will be free of charge. It is important to note that these prizes will still be subject to taxes in the player’s home country.