The Toto jackpot is a prize won by one person who has selected six winning numbers out of a total of 49. The game was first launched on June 9, 1968 in Singapore. It is still played twice a week and is guaranteed to go up to S$5 million in prize money every fourth draw. The top prize for the Toto jackpot is currently S$4 million. It is one of the most popular draws in Singapore, and is the largest jackpot in the world.
Players have to match three of the six numbers on the Toto ticket with the winning number. The prize amount depends on how many matched numbers are selected in the draw. In each Toto draw, 54% of the sales proceeds are added to the prize pool, which is then distributed amongst the winners. There are also Cascade draws, which take place after three consecutive draws without a winner of the Group 1 Prize. Once the jackpot is reached, the prize money cascades to the next level.
A Participant may purchase more than one unit of iToto. The number of units a participant purchases is 28. Each unit costs $33, and must be sold before another iToto bet is generated. If more than one unit is purchased, each unit will purchase the same set of numbers. The prize money will be rounded up to the nearest ten cent. The prize is also paid out in installments. The prize money will continue to accumulate until it reaches a minimum of $1 million.