Florida Lotto

Complete Odds &
Return to Players

           

The purpose of this page is to provide Florida Lotto players with the supplemental information that is not readily available on the sponsored lottery site.



Florida Lotto
Highlights 		Mid-size
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Class Winners Losers Overall Odds Overall Return Return Sensitivity Payout per $

We believe this is important because most lotteries only provide players with minimal amount of information: the odds of each winning combination occurring; the overall probability of having a winning ticket; the price of each ticket; the game format; the total number of combinations; and a few other items.

However, this page fills in the missing blanks. Included here are the complete odds and probabilities of every winning and losing ticket. It provides you with a comparison of winners to losers, the monies collected, the monies distributed back to players, and more.

Lottery Power Picks has taken every effort to ensure that this summary information is correct by reading and bookmarking all information provided by the organizing lottery body. But, in certain instances, clearly defined rules are not written. In those instances, we made assumptions that are linguistically consistent with the rules. Should any information be incorrect, please inform us so that we may correct it. We hope you find this information useful in understanding the lottery you play.

Jackpot:  M
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Table FL-7: Florida Lotto Expanded Odds Calculations
About The Florida Lotto is a Florida State lottery. It is governed by the Florida Lottery.

Format Florida Lotto requires a player to make 1 choice: (1) Pick 6 numbers out of a set of 53 white balls. If the player picks the same numbers as those that are drawn in the next drawing, the player wins the Jackpot prize. Smaller prizes are awarded for other combinations. There is no bonus ball in this lottery.

Class Florida Lotto is a Mid-size Lottery. We classify it as such because its Jackpot Parity is approximately $18.8 million, which is over $10 million and less than $100 million.

Prizes The minimum Florida Lotto jackpot prize is
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. Although all other cash prizes are predefined as well, it must be noted that payouts are based on a pari-mutuel basis based on percentage. This means that if there are less winners than expected, the payouts will be more, and vice-versa. These are summarized in the table below. If no one wins the jackpot amount, a portion of the proceeds is rolled forward to the next drawing, allowing the jackpot to grow. Only the jackpot prizes are established as a fixed amount and all other are a pari-mutuel amount of an allocated percentage prize pool.


Combinations In the Florida Lotto lottery, there are a total of
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combinations.

Winners Of these, there are
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winning combinations. This represents
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of the combinations. The overall odds of having a winning combination is
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to 1 (the lower the better).

Losers There are
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losing Florida Lotto combinations. This is
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of the combinations. The overall odds of having a losing combination is
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to 1 (the higher the better; because as this number gets closer to 1, nearly every ticket is a loser.

Price  Each Florida Lotto ticket costs 
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Money Raised  Assuming all tickets are sold and there are no duplicates, a total of 
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 will be raised.
Table FL-4: Florida Lotto Summary
Format 6/53
Class Mid-size
Min Jackpot
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Jackpot Type Cash
Combos
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Total Winners
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Total Losers
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Overall Winners
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Overall Losers
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Pct Winners
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Pct Losers
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Price
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Amount Raised
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Tot Payout
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Avg Ticket Payout
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Normalized Payout/$
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ReturnOn$
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Jackpot/Odds
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Return Sensitivity
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Jackpot Parity
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Prize Pool  Of this,  
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 will be allocated to the prize pool to be paid back to the players when the jackpot is set to  
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  This is determined in two ways. First, 50% of the money raised is determined. This amount is allocated by percentage to the 1st, 2nd, 3rd, and 4th place winning combinations as listed below. Note that while 63.50% is allocated to the jackpot prize pool, the actual jackpot may be substantially less than this calculated amount because it is typically predetermined and publicized prior to each drawing. Payouts for the 2nd, 3rd and 4th place prizes are always rounded down to the nearest $0.50.



Average Winning Ticket Payout  On the average, each winning ticket will pay 
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 to the players. Since a ticket costs 
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, the normalized payout per Dollar spent is 
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Income Returned to Players  Based on this information,  
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  of each $ raised will be returned to the players.


Return Sensitivity  If the Florida Lotto Jackpot changes by $1.0 million, the above Income Returned to Players will change by 
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 (up or down).


Jackpot Parity  In order for Florida Lotto to return $1.00 of each dollar raised, the Jackpot must be equal to 
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References
You can learn more about the Florida Lotto Lottery and verify our findings by visiting our references.