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The Florida Lotto has a special feature that gives players the opportunity to increase the size of their Jackpot winnings. By purchasing the $2 Plus Play Option for $1 more, the Jackpot will be increased by $10 million. By purchasing the $3 Plus Play Option for $2 more, the Jackpot will be increased by $25 million.
Is this a good value for players? Should the player buy this option? Lottery Power Picks believes that the answers are both Yes and No , depending on the Jackpot size.
For this analysis, LotteryPowerPicks calculated and compared the the payout return values of buying 1 single Florida Lotto Ticket against: buying 1 ticket with the $2 Plus Option for $2; and Buying 1 ticket with the $3 Plus Option for $3. The higher the return, the better for players.
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Table FL-LP1 Florida Lotto Plus Summary
Money Returned to Players per $1 Spent
| | Jackpot | $3,000,000 | $5,823,691 | $8,323,874 | $23,000,000
| | Single $1 Ticket | $0.313 | $0.436 | $0.544 | $1.184
| w/ $2 Plus | $0.374 | $0.436 | $0.490 | $0.810
| | w/ $3 Plus | $0.467 | $0.508 | $0.544 | $0.758
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| Breakeven
| Breakeven
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As Table FL-LP1 illustrates, the $3 Lotto Option returns the most money to players when the Jackpot is less than $8,323,874. When the Jackpot is greater than this amount, more money is returned to players who buy Single tickets without the Plus Option.
For the $2 Lotto Option, the return the highest when the Jackpot is less than $5,823,691. When the Jackpot is greater than this amount, more money is returned to players who buy Single tickets without the Plus Option.
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Florida Lotto $3 Plus Play Rules
Jackpot < $8,323,874: Buy the $3 Plus Play
Jackpot > $8,323,874: Do NOT Buy Plus Play - Buy 3 Single Tickets
Florida Lotto $2 Plus Play Rules
Jackpot < $5,823,691: Buy the $2 Plus Play
Jackpot > $5,823,691: Do NOT Buy Plus Play - Buy 2 Single Tickets
How Florida Lotto Plus Breakevens are Calculated
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| Probability
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| $3M Jackpot
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| $5,823,691
Jackpot Breakeven
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| $8,323,874
Jackpot Breakeven
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| $23 Million Jackpot
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FL-LP2 Florida Lotto
Probability Matrix
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| Won | Probability
| | 6 | 0.000004%
| | 5 | 0.001802%
| | 4 | 0.070631%
| | 3 | 1.412611%
| | 2 | 11.654045%
| | 1 | 40.089914%
| | 0 | 46.771566%
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Table FL-LP3a Florida Lotto
$1 Single Ticket Only
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| Won | Prize | Prob
Wtd
| | 6 | 3,000,000 | $0.131
| | 5 | 5,006.50 | $0.061
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Per $ | $0.313
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Table FL-LP3b Florida Lotto
$1 Single Ticket Only
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| Won | Prize | Prob
Wtd
| | 6 | 5,823,691 | $0.103
| | 5 | 5,006.50 | $0.254
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Per $ | $0.436
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Jackpot Breakeven
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Table FL-LP3c Florida Lotto
$1 Single Ticket Only
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| Won | Prize | Prob
Wtd
| | 6 | 8,323,874 | $0.363
| | 5 | 5,006.50 | $0.061
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Per $ | $0.544
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Jackpot Breakeven
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Table FL-LP3d Florida Lotto
$1 Single Ticket Only
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| Won | Prize | Prob
Wtd
| | 6 | 23,000,000 | $1.002
| | 5 | 5,006.50 | $0.061
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Per $ | $1.184
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| With $2 Plus Option
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Table FL-LP4a Florida $2 Plus Lotto
$2 Single Ticket
Jackpot + $10M
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| Won | Prize | Prob
Wtd
| | 6 | 13,000,000 | $0.566
| | 5 | 5,006.50 | $0.061
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Sum | $0.748
| | Per $ | $0.374
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Table FL-LP4b Florida $2 Lotto Plus
$2 Single Ticket
Jackpot + $10M
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| Won | Prize | Prob
Wtd
| | 6 | 15,823,691 | $0.689
| | 5 | 5,006.50 | $0.061
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Sum | $0.871
| | Per $ | $0.436
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Jackpot Breakeven
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Table FL-LP4c Florida $2 Lotto Plus
$2 Single Ticket
Jackpot + $10M
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| Won | Prize | Prob
Wtd
| | 6 | 18,323,874 | $0.798
| | 5 | 15,006.50 | $0.061
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Sum | $0.980
| | Per $ | $0.490
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Table FL-LP4d Florida $2 Lotto Plus
$2 Single Ticket
Jackpot + $10M
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| Won | Prize | Prob
Wtd
| | 6 | 33,000,000 | $1.437
| | 5 | 5,006.50 | $0.061
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Sum | $1.619
| | Per $ | $0.810
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| With $3 Plus Option
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Table FL-LP5a Florida $3 Lotto Plus
$3 Single Ticket
Jackpot + $25M
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| Won | Prize | Prob
Wtd
| | 6 | 28,000,000 | $1.220
| | 5 | 5,006.50 | $0.061
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Sum | $1.402
| | Per $ | 0.467
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Table FL-LP5b Florida $3 Lotto Plus
$3 Single Ticket
Jackpot + $25M
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| Won | Prize | Prob
Wtd
| | 6 | 30,823,691 | 1.343
| | 5 | 5,006.50 | $0.061
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Sum | $1.525
| | Per $ | $0.508
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Table FL-LP5c Florida $3 Lotto Plus
$3 Single Ticket
Jackpot + $25M
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| Won | Prize | Prob
Wtd
| | 6 | 33,323,874 | $1.452
| | 5 | 5,006.50 | $1.343
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Sum | $1.633
| | Per $ | $0.544
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Jackpot Breakeven
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Table FL-LP5d Florida $3 Lotto Plus
$3 Single Ticket
Jackpot + $25M
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| Won | Prize | Prob
Wtd
| | 6 | 48,000,000 | $2.091
| | 5 | 5,006.50 | $0.061
| | 4 | 70.50 | $0.050
| | 3 | 5 | $0.071
| | 2 | | $0.000
| | 1 | | $0.000
| | 0 | | $0.000
| | Sum | $2.273
| | Per $ | $0.758
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You can learn more about the Florida Lotto and verify our findings by visiting our references.
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