Since its launch, the FL Lottery has awarded over $73.2 billion in prizes, making nearly 3,000 players millionaires along the way. As the official government body, the Florida Lottery allocates its proceeds to the public education fund. The 1986 general election and its voters approved the constitutional amendment by a 2-to-1 margin, thus launching the Florida Lottery. Powerball Calculator: Payout, Tax & Annuity Explained.Mega Millions Payout Calculator: Payout, Tax & Annuity Explained.Lottery Odds Calculator: Calculate Your Odds of Winning The Lottery.