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Toto (est. in 1968 and stylised as TOTO) is a legalised form of lottery sold in Singapore, known by different names elsewhere. 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]
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.
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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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