Purchasing a lottery ticket gives a person the chance to become a millionaire. However, these tickets can only be purchased through authorised sellers. The odds of winning the jackpot increase if you buy several lottery tickets at a time.
The lottery is regulated by the Singapore government. It was first introduced in 1968. It offers several thousands of prizes twice a week. The minimum prize is SGD$1 million. The jackpot rolls down if no one wins for four consecutive draws.
It is a very popular lottery in Singapore. To participate, you need to buy tickets from Singapore Pools. The company is the only legal lottery provider in Singapore. In 2015, it was the second most popular gambling activity in the country.
The company has a sophisticated central system. It is also working with the Global Lottery Monitoring System, a risk management system. A new way of number drawing is being introduced several times a week.
In the first draw of the day, the number drawn is selected by a computer. The selected balls are then weighed to ensure an acceptable margin of error. A second draw takes place in the evening.
Each draw is supervised by a draw official. There are five draw officials. The first draw is held every Monday and the last draw is held every Friday. It takes place at 6:30PM. The results are announced every Wednesday.
The prize for each draw increases depending on how many matching numbers were drawn. If the draw produces three or more matching numbers, the player wins.