97% of Singapore Pools' record $12.7b turnover returned to benefit Singaporeans, says operator
Singapore Pools generated $12.7 billion in turnover for the financial year 2024/2025, according to its annual report, which was released on Wednesday (Oct 8).The amount surpassed the record $12.2 billion the previous year.Singapore Pools added that 97 per cent of the amount, amounting to $12.3 billion, was «dedicated to benefiting Singaporeans and the broader community» in the form of prize payouts ($9.45 billion), taxes ($2.28 billion) and Tote Board contributions ($575 million).«The Tote Board, in turn, uses these funds to support impactful causes in the arts, community development, charity, education, health and sports,» said Singapore Pools Chairman Kai S. Nargolwala and Chief Executive Officer Lam Chee Weng in their joint message.They added that the remaining three per cent ($353 million) was reinvested in business operations as well as technological upgrades «aimed at strengthening capabilities and improving customer experience».