Singaporeans spent a record SG$9.2 billion (US$6.8 billion) on lotteries and sports betting in the financial year ended 31 March 2022, an increase of 43% over the previous year, while casino entry level collections of SG$125 million (US$92 million) also represented a four-year high.
According to information released by Singapore’s Tote Board this week, the amount spent on lotteries and sports betting was up from SG$6.6 billion (US$4.9 billion) in FY21, which was impacted by COVID-19 closures, but also 14% higher than the previous high of SG$8.1 billion (US$6.0 billion) in FY19.
The SG$125 million collected by the Tote Board in casino entry levies in FY22 represented an increase on the SG$114 million (US$84 million) collected a year earlier and was broadly in line with the SG$124 million (US$91.5 million) collected in FY19.
