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are lottery winnings taxable in singapore

Gambling has already been part of the history of humankind. It is the entertainment that anybody desires to play as a pastime and an easy way to earn money. Kings and queens of kingdoms back in the Before Christ era are obsessed with competing against the other firmament through betting. Betting has been the alternative way of war ever since the previous times. As time transcends, the changes and progression in science and technology paved the way for modernization. The geniuses’ curious minds made multiple creations and revamping from transportation to mobile devices that helped people complete their tasks without hassle. In line with the development in these apparatuses, so does the innovation in the way of gambling. Several entrepreneurs of the past created different betting games and even upgraded some old ones, like Vingt-un, Twenty-One to Blackjack, Russian Roulette, Poker, and some coin-slotted gambling machines. The revolution in the…

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