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.
History
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. Singapore Pool's products and services are regulated by the Ministry of Home Affairs and the Ministry of Social and Family Development.[4]
The company was set up as a 'not for profit organisation' and the surplus from revenue earned are channeled to the Tote Board, which are then used to fund a profile of causes and charities. The funds handled by Tote Board is also used for promoting the local sports and arts scene and also infrastructure projects in Singapore.