About The Florida Lottery
The Florida Lottery is one of the most lucrative single-state lottery systems
in the United States with numerous on-line and scratch-off games offering
players a wide variety of prize levels.
The minimum age to purchase a Florida Lottery ticket, regardless of game, is 18.
Though the Florida Lottery’s expenses and payouts vary from year to year,
approximately 50 to 60 percent of its net revenue makes up the games’ prize
pools, 30 to 40 percent is transferred to the Educational Enhancement Trust Fund.
Six percent is paid to retailers in the form of commissions, two percent is paid to
the Lottery’s on-line and Scratch-Off ticket vendors and the remaining two percent
covers operational costs, including advertising.
The minimum age to purchase a Florida Lottery ticket, regardless of game, is 18.
Though the Florida Lottery’s expenses and payouts vary from year to year,
approximately 50 to 60 percent of its net revenue makes up the games’ prize
pools, 30 to 40 percent is transferred to the Educational Enhancement Trust Fund.
Six percent is paid to retailers in the form of commissions, two percent is paid to
the Lottery’s on-
All Cash 3, Play 4, and Fantasy 5 jackpot winners receive their winnings as a one-time, lump-sum payment.
Any winnings of less than US$600 may be redeemed at an authorized Florida Lottery retailer; higher
winnings must be redeemed at a Lottery district office or at Lottery headquarters in Tallahassee.
All Mega Money and Florida Lotto jackpots of more than US$250,000 must be redeemed at Florida Lottery
Headquarters.
Mega Money jackpot winners may choose between an annuity of 20 payments that roughly equals the
advertised jackpot, or a lump-sum cash payment, which is about 2/3 of the advertised jackpot (less federal
income tax withholding).
Florida Lotto jackpot winners may choose between an annuity of 30 payments that roughly equals the
advertised jackpot, or a lump-sum cash payment, which is about 1/2 of the advertised jackpot less federal
income taxes.
For both Mega Money and Florida Lotto, the cash option must be exercised within 60 days of the applicable
Drawing.
Florida does not have a state income tax; however, like all U.S. lottery prizes, they are taxable by the
federal government.
Any winnings of less than US$600 may be redeemed at an authorized Florida Lottery retailer; higher
winnings must be redeemed at a Lottery district office or at Lottery headquarters in Tallahassee.
All Mega Money and Florida Lotto jackpots of more than US$250,000 must be redeemed at Florida Lottery
Headquarters.
Mega Money jackpot winners may choose between an annuity of 20 payments that roughly equals the
advertised jackpot, or a lump-
Florida Lotto jackpot winners may choose between an annuity of 30 payments that roughly equals the
advertised jackpot, or a lump-
For both Mega Money and Florida Lotto, the cash option must be exercised within 60 days of the applicable
Drawing.
Florida does not have a state income tax; however, like all U.S. lottery prizes, they are taxable by the
federal government.
Winners of Florida Lottery On-line games (Florida Lotto, Mega Money, Fantasy 5,
Play 4, and Cash 3) must claim their prize within 180 days of the applicable drawing
results.
Eighty percent of unclaimed jackpot money is transferred to the Educational
Enhancement Trust Fund, while 20 percent of the jackpot is transferred to a prize
pool for funding future prizes.
results.
Eighty percent of unclaimed jackpot money is transferred to the Educational
Enhancement Trust Fund, while 20 percent of the jackpot is transferred to a prize
pool for funding future prizes.
