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How Much Money does Singapore Pools make?
By Alpaca Investments  •  July 5, 2021

It may come as a surprise to some that Singapore Pools reports its financials publicly. Perhaps you may have remarked that Singapore Pools is incredibly profitable, as seen from the long queues outside its outlets. Especially on Hong Bao draws. Out of curiosity, I decided to look at how much money Singapore Pools actually makes.

Figures from Singapore Pools' FY20 Annual Report

Singapore Pools' revenue is generated from the sale of 4D, TOTO, Singapore Sweep and Sports Betting. Singapore Pools reported gaming revenue of $8.9 billion in FY2020, compared with $7.0 billion in FY2016. That’s a CAGR of 6.2% over 5 years. They even managed to grow their revenue by 6.0%, up from $8.4 billion in FY19. That is impressive considering that the year was disrupted by Covid-19, which resulted in the temporary closure of their betting outlets. “Net profit”, which is defined as “surplus to Tote Board”, was $456 million in FY2020.

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By Alpaca Investments
I'm currently an undergraduate studying accountancy in one of the local universities. My ideal career would be either in private equity or venture capital, as the analytical process involved greatly interests me. I believe in working hard, while concurrently putting our money to work. I currently have a low five-figures portfolio, accumulated from working part-time jobs, my National Service allowance and my savings.
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2 Comments

2 responses to “How Much Money does Singapore Pools make?”

  1. jc says:

    FY20 did not take into account the circuit breaker period.

  2. Anonymous says:

    5

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