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.
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
Breakeven
Breakeven
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.
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
Probability
$3M Jackpot
$5,823,691 Jackpot Breakeven
$8,323,874 Jackpot Breakeven
$23 Million Jackpot
FL-LP2 Florida Lotto Probability Matrix
Won
Probability
6
0.000004%
5
0.001802%
4
0.070631%
3
1.412611%
2
11.654045%
1
40.089914%
0
46.771566%
Table FL-LP3a Florida Lotto $1 Single Ticket Only
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
Table FL-LP3b Florida Lotto $1 Single Ticket Only
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
Jackpot Breakeven
Table FL-LP3c Florida Lotto $1 Single Ticket Only
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
Jackpot Breakeven
Table FL-LP3d Florida Lotto $1 Single Ticket Only
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
With $2 Plus Option
Table FL-LP4a Florida $2 Plus Lotto $2 Single Ticket Jackpot + $10M
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
Table FL-LP4b Florida $2 Lotto Plus $2 Single Ticket Jackpot + $10M
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
Jackpot Breakeven
Table FL-LP4c Florida $2 Lotto Plus $2 Single Ticket Jackpot + $10M
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
Table FL-LP4d Florida $2 Lotto Plus $2 Single Ticket Jackpot + $10M
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
With $3 Plus Option
Table FL-LP5a Florida $3 Lotto Plus $3 Single Ticket Jackpot + $25M
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
Table FL-LP5b Florida $3 Lotto Plus $3 Single Ticket Jackpot + $25M
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
Table FL-LP5c Florida $3 Lotto Plus $3 Single Ticket Jackpot + $25M
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
Jackpot Breakeven
Table FL-LP5d Florida $3 Lotto Plus $3 Single Ticket Jackpot + $25M
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
You can learn more about the Florida Lotto and verify our findings by visiting our references.
