## Florida Lotto Plus Analysis

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.

### 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