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It is held by Singapore Pools, the only legal lottery operator in Singapore. As of April 2015, it was the second most popular type of gambling activity after 4-Digits. [2] The profits from Toto go to the Singapore Totalisator Board (the owner of Singapore Pools) which uses the money for charity and other worthy causes.
Singapore Pools was incorporated on 23 May 1968 to curb illegal gambling in Singapore. [4] It provided Singaporeans with a legal avenue to bet on lotteries, countering the rampant illegal betting syndicates that were present. [5] Since 1 May 2004, Singapore Pools is owned by Tote Board, a statutory board under the Ministry of Finance.
This led to the 2-D lottery, which in turn gave rise to 3-D and later, 4-D, betting games which were wildly popular in Singapore and Malaysia from the 1950s. [citation needed] The Singapore Turf Club was the first to introduce the 4-D draw in Singapore in May 1966, offering a S$2,000 first prize for a $1 ticket. It stopped offering it in May ...
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A lottery is a form of gambling which involves selling numbered tickets and giving prizes to the holders of numbers drawn at random. Lotteries are outlawed by some governments, while others endorse it to the extent of organizing their own national (state) lottery.
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Singapore Pools is the only operator that is legally allowed to run lotteries in the country. Casinos are allowed in Singapore in the form of integrated resorts (IR), such as Marina Bay Sands and Resorts World Sentosa , where the casino is integrated in a major resort property that includes a hotel , together with convention facilities ...
It also operates the Singapore Turf Club Riding Centre (STCRC), a 3-hectare site with riding arenas adjacent to the Singapore Racecourse at Kranji. On 5 June 2023, it was announced that the Singapore Turf Club will cease operations in March 2027 due to demand of land for housing and other projects, with its final race held on 5 October 2024.