The increase in the amount spent on Singapore Pools lotteries and sports in the last financial year from the previous financial year was due to factors such as relaxed Covid-19 measures and the resumption of sports tournaments globally.
A total of $9.2 billion was spent on bets on lotteries and sports in the Tote Board's last financial year, which ended in March 2022 - a spike of about 40 per cent from the year before.
This is the largest sum spent on such bets in the past decade, The Straits Times reported in December 2022. Some $6.6 billion was wagered in the previous financial year that ended in March 2021.
The Tote Board, a statutory body, governs lottery operator Singapore Pools and the Singapore Turf Club, which operates horse races. Lotteries comprise 4-D, Toto and Singapore Sweep, while sports betting refers to football and motor racing bets.
This story is from the January 11, 2023 edition of The Straits Times.
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This story is from the January 11, 2023 edition of The Straits Times.
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