Reproductive aspects of the intensively traded ornamental shrimp Lysmata boggessi were examined. Abundance, reproductive biology (fecundity, reproductive output and egg size) and population structure (frequency distribution, size at sex phase change and sex phase ratio) were examined at three different fishing grounds off south and west-central Florida between May 2011 and February 2012. Fishery-dependent densities of L. boggessi varied between 2.51 ± 1.39 and 13.05 ± 9.30 shrimps per 1000 m2 at two different localities. The proportion of brooding shrimp varied considerably at one locality during two different dates, suggesting reproductive seasonality. Reproductive output increased linearly with shrimp body weight (SBW) at one locality (May 2011), but scaled negatively with SBW at a second locality (January–February 2012). Lastly, no correlation between embryo size and shrimp carapace length (CL) was recorded at one locality (May 2011), but a slight negative correlation between embryo size and CL was found at the second locality (January–February 2012). Lysmata boggessi might be experiencing trade-offs between different reproductive parameters driven by environmental, probably seasonal, conditions during the year. All of this information needs to be considered in assessing shrimp stocks and establishing a sustainable management plan.