According to recent statistics, the overall online global lottery markets are estimated to grow at an annual cumulative growth rate of 8% by 2023, generating revenues of roughly around $10 billion. However, as of 2018, Singapore’s online lottery market alone has seen a total of $7.4 billion being wagered in this field.
For anyone who likes to gamble and is part of the betting industry online knows that Singapore’s lottery market is one of the largest gambling and betting zones of Southeast Asia. It is equally popular in neighboring Southeast Asian countries such as Indonesia, Malaysia, and China.
Singapore’s official online betting site called ‘Singapore Pools’ is available at http://www.singaporepools.com.sg/landing/en/Pages/index.html. However, this site has been banned to be viewed in countries like Indonesia. Thus, the need for an alternative betting and gambling site that would provide up-to-date statistics about the total amount of money wagered in online betting and gambling games in Singapore’s market arose. For this reason, DATA SGP was established online.
Data SGP is an online resource for gamblers in other parts of the world who are not able to view official statistics provided by the Singapore pools for any reason. This may include the players’ countries put under viewing restrictions or anything else.
Singapore Betting Industry
To dig into the details, the online betting in Singapore takes place on 5 out of 7 days of the week. These include Monday, Wednesday, Thursday, Saturday and Sunday, excluding Tuesday and Friday. Another point to be noted here is that online betting in Singapore was introduced in a legal manner in 1968 and is, to date conducted through Singapore Pools. Singapore Pools is a state-owned lottery company. It is a subsidiary of the Tote Board.
Singapore’s online gambling and betting industry include activities like lotteries and sports betting. The lotteries are further divided into 3 types; Toto, 4D and Singapore Sweep.
A Toto consists of drawing 6 lotteries out of 49 on every Monday and Thursday.
A 4D involves drawing 4 lotteries every Wednesday, Saturday, and Sunday.
The Singapore Sweepstakes include sweepstakes drawn once in a month. Usually, the draw for Singapore sweepstakes is held on the first Wednesday of every month. In its sports betting category, Singapore Pools allows betting on football and motor racing.
In 2016, the Singapore government allowed and gave full rights to Singapore Pools for conducting remote gambling via online means and telephone calls for all of its offered categories. Since that day, Singapore’s gambling industry has seen immense growth and shows no signs of slowing down and the numbers from 2018 statistics source speak for the market’s growth volume for itself.
Changes in Singapore’s Gambling Industry
Singapore’s gambling industry and online sweepstakes have undergone significant changes in 2018 in order to promote more honest, transparent and responsible play among its users. These included the betting tickets being printed on-demand and presentation of the 4D bet slip by the players to get a chance to pick the numbers of their liking on the tickets. According to the sources, players could pick either the first 4 or last 4 digits of numbers printed on the tickets of their choice. Other changes incorporated included the introduction of a 100 sweep program whereby punters were allowed to buy 100 tickets in a row with 100 sets of numbers running in a sequence. The last two numbers of all these tickets, however, would be ranging between 00 and 99.
Another well-known reason for incorporating such changes was Singapore Pools’ efforts to go green, reduce the use of paper and promoting productivity and efficiency in its operation of the gambling industry in Singapore. No wonder Singapore’s gambling industry has won the hearts of players worldwide since it has such an organized structure with a view to improving the player’s gambling habits, stop them from unhealthy gambling cycles, and giving back to society in terms of environment-friendly tickets being printed.