What is Florida Lotto
Florida Lotto voters authorized a state lottery in 1986 through a constitutional amendment with the mission of funding education in the State of Florida.
Over the years, lottery proceeds have funded school recognition and merit programs for improved schools, and have been responsible for the renovation of over 700 schools through programs such as Classrooms First and the Classrooms for Kids initiative. Since 1988, Florida schools and students have received more than $24 billion in educational funding.
A $1 scratch-off was the lottery’s first game, and by April 29, 1988, the lottery’s first terminal games, Florida Lotto and Cash3, were introduced. In 1988, the Florida Lottery produced a $52 million jackpot, a new national and world record at the time.
Wednesday and Saturday 23:15pm EST
$106 million (14/9/1990)
Choose 6 numbers out of possible 53. The jackpot winner needs to match all 6 numbers.
Other cash prizes are awarded for matching 3, 4, or 5 of the winning numbers.
$1.00 per line.
For an additional $1, players may activate the XTRA feature, which increases the payout for non-jackpot prizes by up to 5 times.
About 60% is going to the prize pool, 7% goes to the vendors for fees & commissions, 2% for admin cost including advertising.
The remaining 32% is allocated to education.
Jackpot winners have the option of equal annuity payments over 30 years, or a lump sum payout which usually approximates half of the advertised jackpot amount.
Lotto jackpot winners are subject to Federal withholding of between 25% and 28% depending on their resident status.