Mega Millions jackpot climbs to $586 million

2. $590.5 million, Powerball, May 18, 2013 (1 ticket from Florida)

3. $587.5 million, Powerball, Nov. 28, 2012 (2 tickets from Arizona and Missouri)

4. Estimated $586 million, Mega Millions, (next drawing scheduled for tonight; jackpot could grow)

5. $448.4 million, Powerball, Aug. 7, 2013 (3 tickets from Minnesota and New Jersey)

6. $399.4 million, Powerball, Sept. 18, 2013 (1 ticket from South Carolina)

7. $390 million, Mega Millions, March 6, 2007 (2 tickets from Georgia and New Jersey)

8. $380 million, Mega Millions, Jan. 4, 2011 (2 tickets from Idaho and Washington)

9. $365 million, Powerball, Feb. 18, 2006 (1 ticket from Nebraska)

10. $363 million, The Big Game*, May 9, 2000 (2 tickets from Illinois and Michigan)

*The Big Game was the predecessor to Mega Millions. The name changed in 2002.

— Associated Press

The Mega Millions jackpot inched toward a U.S. lottery record Monday as it soared to $586 million amid a frenzy of ticket purchases, raising the possibility that the prize could pass the once-unthinkable $1 billion mark by Christmas Eve should nobody win before then.

Paula Otto, executive director of the Virginia Lottery and lead director for Mega Millions, said ticket sales are ahead of projections for tonight’s drawing, increasing the likelihood it could shatter the current record of $656 million, set in a March 2012 Mega Millions drawing.

That was enough for Drew Gentsch to buy one ticket Monday morning. The attorney from Des Moines never plays, but the ballooning jackpot was too good to pass up.

“I think it’s ridiculous, but you have to dream big,” he said. “The odds of winning are so low, there’s no real reason to play. But it’s fun to do so once in a while.”

Otto said it’s likely the jackpot will be increased again after lottery officials meet this morning to discuss sales. Between 65 and 70 percent of the roughly 259 million possible number combinations will be in play when the numbers are drawn, Otto estimated.

“Lotto players are procrastinators. They tend to buy on the day of the draw,” she said.

The large Mega Millions prize is the product of a major game revamp in October that dramatically lowered the odds of winning the jackpot. If a winner isn’t selected tonight and it rolls over past the next drawing on Friday night, Otto predicts the jackpot will reach $1 billion — an unheard of amount for Mega Millions or Powerball, the nation’s two main lottery games.

“We had predicted last week that if we are still on the same roll on Christmas Eve, we’ll definitely be over a billion,” she said.

The current jackpot, which is the fourth largest in U.S. history and closely trails the $587.5 million and $590.5 million set by Powerball, has had heavy sales over the past several days. Otto noted that the higher the jackpot, the higher the sales. For example, when the jackpot was $99 million on Nov. 5, lottery officials sold just over $20 million worth of tickets. For Friday’s then-$425 million jackpot, $168 million worth of tickets were sold.

Some players were taken aback by the growing jackpot and the possibility that it could keep getting bigger if it rolls for a 22nd consecutive time.

Natali Justiniano Pahl, 47, bought five tickets Monday morning from a convenience store in downtown. She said the growing jackpot made her excited, albeit somewhat weary.

“It gets the excitement up, but there’s a point when it’s too much,” said Justiniano Pahl, who works in human resources. “$5 million would be good; $550 million would be good. Either one would change your life.”

Otto said officials have never had such a huge jackpot around this time of year, and it’s unclear how holiday shoppers are driving sales.

“To have that kind of money on the line the week before Christmas, we’ve never had that happen before,” she said, “What fun.”