The minimum age to purchase a Florida Lottery ticket, regardless of game, is 18.
It began operation on January 12, 1988 by order of a constitutional amendment approved by Florida voters by a 2-to-1 margin in the general election of November 4, 1986. The point of the Lottery is to give extra funding to state education, and it was mandated that a significant proportion of all revenue generated by ticket sales go to the Education Enhancement Trust Fund. The Bright Futures scholarship program is funded by the Florida Lottery.
The first game offered by Florida Lottery was Millionaire, a $1 Scratch-Off game with a US$1 million annuity prize. Seventeen days of ticket sales allowed for the Lottery Commission to repay with interest the initial US$15.5 million bond from Florida's General Revenue Fund that got it going.
The first On-line number-drawing games offered by the Florida Lottery were Cash 3 and Florida Lotto, which both started on April 29, 1988. Florida Lotto, the six-number game with multi-million-dollar USD jackpots, had its initial jackpot at US$2 million, and was played every Saturday initially, with the first drawing being April 30. From that point on, jackpots would start at $6 million and rollover, or increase, if no one won. Josie Moore of Port Charlotte, Florida, won the first jackpot on May 28. It was worth US$14 million, and paid in an annuity of 20 yearly payments. Cash 3 had a US$500 jackpot.
On September 3, Sheelah Ryan of Winter Springs, Florida, won the largest single lottery jackpot in world history to that point, a jackpot of US$55.16 million. She was the 10th FLORIDA LOTTO WINNER. However, the Florida Lotto cash option was still 10 years away. She died before receiving all her winnings.
On April 28, 1989, the Florida Lottery expanded with Fantasy 5, a five-number on-line drawing game played every Tuesday and Friday initially. Its jackpots were typically in the tens of thousands of dollars, but had reached over $1 million through rollovers.
The first US$100 million FLORIDA LOTTO jackpot in world history came about on the September 14, 1990, drawing. Six players split a US$106.5 million jackpot, each getting $17.75 million. That day, the Florida Lottery set a record with US$30 million in revenue from LOTTO alone.
In 1991, a daily four-number On-line game, PLAY 4, is introduced on July 4, with a top prize of $5,000. December 10 sees the advent of the FLORIDA LOTTO month, where minimum jackpots and rollovers were guaranteed at US$10 million for the Christmas season.
On September 27, 1993, the first $2 Scratch-Off game, BINGO, was introduced. Through variants, it is the longest-running Scratch-Off game in the Florida Lottery.
On January 24, 1994, FANTASY 5 expanded to every weeknight. On May 22, the first FLORIDA LOTTO mail-in promotion began where losing tickets could be mailed in for a prize. Called the Great LOTTOMOBILE Giveaway, 50 tickets each won their holders a 30th Anniversary 1995 Ford Mustang.
In October 1995, the Florida Lottery launched Flamingo Fortune, a game show where people who sent in losing Scratch-Off tickets were selected to play for lucrative prizes.
On February 28, 1996, Barbara Arens of Clearwater, Florida, was announced as the first grand prize winner of the Win for Life $2 Scratch-Off game. FLSLOTTERY She is guaranteed a payout of US$1,000 per week for the remainder of her life, paid out in annual installments of US$52,000, with a guaranteed total payout of US$1 million should she die before she reaches that amount.
The 500th FLORIDA LOTTO drawing occurred on November 29, 1996, with a jackpot of US$26 million. It rolled over twice before being won by PAPI-AMOR Partnership of Lake Worth.
The Lottery celebrated its 10-year anniversary on January 12, 1998. To that point it had grossed US$21 billion in sales and given US$8 billion to Florida education. On February 25 of that year, they began MEGA MONEY, a four-plus-one On-line drawing game played every Tuesday and Friday with jackpots in the hundreds of thousands of dollars USD. Initially rolled out on an 18-week trial run, it was relaunched on a permanent basis on June 1, 1998.
Later in 1998, FLLLOTTERY began its cash option, with the annuity lengthened to 30 annual payments.
On February 2, 1999, Florida Governor Jeb Bush declined an offer to join the multi-state Powerball Lottery.
On October 24, 1999, FLORIDA LOTTO underwent major changes. It was increased from a 6x49 matrix to a 6x53 matrix, and increased to two nights a week, adding Wednesday. Its initial jackpot was reduced to US$3 million with lower initial rollovers. FANTASY 5 followed suit on July 16, 2001, increasing to a 5/36 matrix from a 5/26 matrix and changing to a rolldown format.
On September 8, 2003, FLLLOTTERY the largest unclaimed Florida Lottery ticket in the Lottery's 15-year history expired after the 180-day deadline with no one claiming the ticket. The FLORIDA LOTTO ticket was worth an estimated $53.7 million. ($30.1 million Cash Amount). Note that while Florida Lotto (and Mega Money beginning in 2004) jackpot winners have roughly six months to claim their prizes, if they want to be paid in lump sum, they must claim within 60 days of the drawing, unlike most states, which start the clock when the ticket is claimed.
On January 28, 2004, FLLLOTTERY Mega Money was revamped. Instead of 4/32 + 1/32 matrix, it moved to a 4/44 + 1/22 matrix. Also, the jackpot was changed from all-cash to 20 annual payments with cash option.
In 2005, a new online ticket package called Grouper was made available with the statewide rollout of new ticket sales terminals, manufactured by GTech. For $5, a player can get quick-picks of each of the five online games (Cash 3, Play 4, Fantasy 5, Mega Money and Lotto), each for the next available drawing, then a free ticket for a major game (Fantasy 5, Mega Money or Lotto) chosen at random.
On March 20, 2006 a new play option called "EZmatch" was added to FANTASY 5. For an extra dollar players could win up to US$500 instantly, by matching their FANTASY 5 numbers to the random EZmatch numbers.
To date, the Florida Lottery has raised US$17 billion for public education FLLLOTTERY.
In any football or basketball game (the main sports that use point spreads) there are two teams playing against each other.
Those teams, though, are rarely exactly evenly matched – meaning that typically one team has a better chance than the other to win the game. If bettors were allowed to bet on who was simply going to win the game, smart ones would obviously bet on the better team (likely winning more than 50% of the time in the process).
If winning were that easy the Las Vegas and online sportsbooks would stop taking any bets! This is where the point spread comes in: the basic function of the point spread is to balance the likelihood of each team “winning” by adjusting the final score by the point spread. After this adjustment is made you get the Against The Spread result (ATS result for short).
Let’s look at Super Bowl XXXIX, New England Patriots vs. Philadelphia Eagles. Most people believed the defending champ Patriots to be the better team – so if betting were simply based upon which team would win the game, an uneven majority of people would have wagered on New England. But, by using the point spread, the bookmakers adjusted the terms of the bet, evening the proposition so about half the people believed the Pats to be the smart bet, while the other half considered Philly to be the smart bet.
New England Patriots -7 vs. Philadelphia Eagles
The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team. The favorite is listed with a minus sign and the number of points they are favored by (e.g., New England -7)
In the case of our example, New England must not only win the game, but they must win by more than 7 points for Pats bettors to have a winning ATS result. An Eagles bettor wins his bet either if:
There was also the possibility that the final score could land exactly on the spread number (for example, the Pats winning 28-21 when -7), which is called a “push” or “no action” and a refund is then issued to bettors of both teams.
The same game with the same point spread can be considered from the weaker team’s perspective: The Underdog (Philly in the case of our example) is not expected to win the game and thus receives or “gets” points given by the stronger team. When a game is stated from the underdog’s perspective the team is listed with a plus sign and the number of points they are underdogs by:
Philadelphia Eagles +7 vs. New England Patriots
Keep in mind that Philadelphia +7 and New England -7 is the same point spread on the same game, simply stated differently. The first is from the underdog’s perspective; the later is from the favorite’s.
Not a must, but for some a mathematical approach is insightful. You can determine the ATS winner by either:
Let’s look at the actual result of Super Bowl XXXIX: New England 24 Philadelphia 21
The favorite, New England, won the game but not by more than the point spread they were favored by (7), so the ATS result was a LOSS for Pats bettors.
Looking at it from the underdog’s perspective, Philly did not win the game, but they lost by less than the point spread (7), so the ATS result was a WIN for Eagle bettors.
Mathematically considered, 24 for the favorite Pats minus 7 equals 17, which is less than the 20 the Eagles scored, so the underdog Eagles win the ATS result (or you could figure 20 plus 7 equals 27 for the Eagles, which is more than 24 for the Pats).
Emily’s boyfriend understood the point spread and wagered $100 on the Eagles at +7. The Eagles may not have gotten a Super Bowl ring, but since they won the ATS result Emily’s boyfriend cashed his bet – giving him money to take her out to a nice dinner.
And now hopefully you understand how to read point spreads, putting you one step closer to joining the fun of sports betting.
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