$9.2 billion spent on Singapore bets last fiscal year, up 40% Y/Y

The Tote Board, Singapore’s Finance Ministry’s statutory governing body, reported a total of $9.2 billion spent on bets in the region in the last fiscal year. According to the report, this is an increase of about 40% year over year, and the largest bet in the last decade.

Games such as soccer, 4-D, Toto and others carried out small bets with bettors of all ages betting on fun, expecting a big win, while Toto Board also announced that as soon as COVID-19 restrictions were suspended, the amount spent on sports betting increased by betting on lottery tickets in the fiscal year ended March 2022. 카지노사이트 순위

All outlets of lottery operator Singapore Pool, horse racing betting operator Singapore Turf Club and two Singapore casinos closed from April 7 to June 1, 2020 due to the pandemic. They resumed operations on different dates in June 2020.

The statutory body tot board channels surpluses from Singapore pools and Singapore tough clubs, along with the collection of casino entry charges to support worthy causes in the community. The annual report for the fiscal year ended March 2021 included a 2020 closure to show that the total amount paid during the observation period was $6.6 billion.

A year later, Tot reported that the fiscal year ended in March 2022, including $9.2 billion in gambling revenue, up 40% from the previous year.

Last fiscal year, $818 million was spent on horse racing betting, up 65% from the previous year when the Singapore Turf Club was closed due to the pandemic. Tot Board collected $125 million in casino entry charges, up 10% from the previous year when the two casinos were closed.

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