State-owned company | |
Industry | Gambling |
Founded | Singapore (May 23, 1968 | )
Area served
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Singapore |
Key people
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|
Revenue | S$6,247 million (2013) |
S$623 million (2013) | |
Owner | Government of Singapore |
Parent | Tote Board |
Website | www |
Singapore Pools (Private) Limited is a state-owned lottery subsidiary company in Singapore. As a wholly owned subsidiary of the Tote Board, it is the only operator that is legally allowed to run lotteries in Singapore.
Singapore Pools was incorporated on 23 May 1968 to curb illegal gambling in Singapore. It provided Singaporeans with a legal avenue to bet on lotteries, countering the rampant illegal betting syndicates that were present.
Since 1 May 2004, Singapore Pools is owned by Singapore Totalisator Board, a statutory board under the Ministry of Finance.
Singapore Pools currently operates three lottery games:
In addition, Singapore Pools is the sole legal bookmaker and totalisator for association football and motor racing betting.
On 29 September 2016, the Ministry of Home Affairs announced that Singapore Pools would be granted an exemption under the Remote Gambling Act 2014, allowing it to offer online and telephone gambling for 4D and TOTO lotteries, football and motor-racing.