Record $12.7 billion placed in bets in Financial Year (FY) 2024/2025
- paulinetan5
- Oct 10
- 2 min read
Reported in Lian He Zao Bao 9 October 2025 from Announcements made by Singapore Pools and Toteboard.
Singaporeans placed a record $12.7 billion in bets in FY2024/2025. This is an increase of 4% from the previous year's $12.2 billion in bets. One Hope Centre’s Head Counsellor, Wong Poh Sieng (Bao Chan) weighs in on this phenomenon in this news report in our local Chinese daily Lian He Zao Bao published on 9 October 2025. Read the article here.
Brief summary of News article
Singapore has a 182-year history in horse racing betting. In October 2024, physical horse racing tracks were closed in the Singapore Turf Club. However, Singaporeans continued to bet online on international races from Saudi Arabia, Turkey, Germany, United Arab Emirates, as well as betting on the European championships last year.
Our counsellor, Bao Chan, in the article, says that as horse betting has a long history, it has become a much sought after leisure and community activity. She encourages those who think they may have a gambling addiction to step up to recovery and seek help.
If you or someone you know has a gambling addiction, please call us at 65471011 or email help@onehopecentre.org
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A short summary of the news article is as follows:
Revenue collected by Singapore Pools over the past 3 Financial Years (FY) :
2022/23: $11.409 billion
2023/24: $12.214 billion
2024/25: $12.692 billion
Usage of Revenue:
According to the Singapore Pools, 97% of the revenue was distributed as follows:
$9.45 billion to prize money,
$2.28 billion to tax and winnings levy,
$575 million to the Tote Board
The remaining 3% of the revenue went into investments in new infrastructure and new betting facilities and systems.
Casino entry: The article also mentions that the revenue collected from Singaporeans entering casinos has fallen by $10 million from last FY’s $149 million. Local residents visiting casinos have also decreased. The current entry fee for Singaporeans entering casinos in Sentosa and Marina Bay Sands is $150 for a day pass or $3000 for an annual pass.
Grants to community and charities: In FY 2024/2025, the Toteboard has allocated $568 million towards grants to community and charitable projects. This is an increase of 8% over the last FY.
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