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During the fiscal year ended March 31, 2022, the industry’s popularity grew 43% year over year. Also, casino introductory collections worth S$125 million ($92 million) in U.S. currency have reached their highest levels in the past four years.

Singapore’s Tote Board has released relevant information about this increase. The amount spent on lottery and sports betting during fiscal 2021 was approximately S$6.6 billion ($4.9 billion). Of course, the global COVID-19 pandemic affected the gambling industry and led to the closure of several casinos, but records were still broken in the final tally. SINGAPORE $8.1 BILLION ($6 BILLION) GROWTH IN FY 2019 UP 14%

The Tot Board raised S$125 million (US$84 million) in fiscal year 2022, more than it raised S$114 million in 2021, and the 2019 collection was approximately S$114 million (US$91.5 million), matching the previous collection.

More money was only raised when Singapore $131 million (US$97 million) was raised in 2018.

It is also worth mentioning that Singapore raised S$193 million ($142 million) for the first time in 2012. The money has since started to shrink, but it seems to have finally escaped the crisis.

Singapore’s main casinos, Marina Bay Sands and Resort World Sentosa, have closed several times this year due to the COVID-19 pandemic, but players do not appear to have stopped to enjoy gambling. Casinos have also had to enforce some capacity limits during 2021, but things are starting to change.

Singapore’s former casino regulator has also decided to ensure that many local citizens and residents avoid visiting casinos, as it has signed expansion deals with Singapore’s well-known operators, Las Vegas Sands and Genting Singapore.

The growth was also recorded in horse racing. Players spent S$818 million ($603 million) on it. Horse racing has not been that popular in Singapore over the past few years, but the gambling industry is changing. The evidence is that they bet S$1.7 billion ($1.25 billion) in 2012 and S$1.1 billion in 2019.


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