The Singapore Lottery is a government-regulated lottery game that offers various prizes for players to win. The prize amounts vary from a few hundred dollars to millions of dollars. This game is available at many retail outlets in the country and can also be played online. It is a great way to relax and have fun while generating much needed cash.
In the event that the particulars printed on the Winning Ticket differ from those recorded in the Company’s computer systems, the latter shall be recognised as the correct particulars for all purposes under these Singapore Sweep Lottery Game Rules and for payment of a Prize. Any dispute relating to the particulars of a Ticket and/or Bet shall be decided by the Company in its sole discretion.
Unlike other forms of income, winnings from betting or lottery are not considered taxable as they are windfall gains and are not included in your income tax return. However, it is important to note that you need to file a gambling duty statement with IRAS by the 15th day after the last day of the month in which you conduct betting activities. Failure to do so will result in enforcement actions.
The Ministry of Social and Family Development (MSF) is assessing whether additional measures are necessary to curb problem gambling in light of rising spending on lotteries, sports betting and other gaming. It has been working closely with the governing bodies of these activities to ensure they remain within the law.