Florida LottoComplete Odds &
 
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  Midsize  replace 2
 replace 3
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 replace 7
 replace 7
 replace 7

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.
Table FL7: 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 Midsize 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 replace 1 . Although all other cash prizes are predefined as well, it must be noted that payouts are based on a parimutuel basis based on percentage. This means that if there are less winners than expected, the payouts will be more, and viceversa. 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 parimutuel amount of an allocated percentage prize pool.
Combinations In the Florida Lotto lottery, there are a total of replace 1 combinations.
Winners Of these, there are replace 8 winning combinations. This represents replace 2 of the combinations. The overall odds of having a winning combination is replace 4 to 1 (the lower the better).
Losers There are replace 9 losing Florida Lotto combinations. This is replace 3 of the combinations. The overall odds of having a losing combination is replace 4 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 replace 9
Money Raised
Assuming all tickets are sold and there are no duplicates, a total of replace 10 will be raised.


 
Prize Pool
Of this, replace 11 will be allocated to the prize pool to be paid back to the players when the jackpot is set to replace 8 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 replace 7 to the players. Since a ticket costs replace 9 , the normalized payout per Dollar spent is replace 7
Income Returned to Players
Based on this information, replace 7 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 replace 7 (up or down).
Jackpot Parity
In order for Florida Lotto to return $1.00 of each dollar raised, the Jackpot must be equal to replace 7
 
 
References You can learn more about the Florida Lotto Lottery and verify our findings by visiting our references.  
