Lottery Singapore is a state-owned lottery operator which operates Singapore 4D and Toto, the two main games available in Singapore. The company is also a major player in association football and motor racing betting.
Lotteries in Singapore are a popular form of gambling that have been around for over three decades and are regulated by the Tote Board, a statutory board under the Ministry of Finance. They are also a safe option for players as they don’t have to pay taxes on the winnings, unlike some foreign lotteries.
Taking care of your finances is essential even after you win a large windfall, so it’s a good idea to get professional financial advice. This will help you to plan your money in the most effective manner and avoid wasting it on unnecessary things.
A recent case in Singapore highlights the importance of getting expert advice after you’ve won a big sum of money. A woman who was a single mother of two, whose monthly income was less than $2,000 Singaporean dollars, had won a substantial prize.
She had promised to share the money with her friends and take them out for a nice dinner. However, her friend suddenly went missing and refused to give her the prize. She cut all communication with her and hid the winning ticket, according to a post on social media.
She then gathered evidence, including text conversations and PayNow transactions, before approaching the police for help. However, she was told that the matter was between private parties and she would not be helped.