News

Mega Millions jackpot could set lottery record

Mega Millions jackpot could set lottery record

BIG MONEY: Karen Rodriguez prints out a Mega Millions lottery ticket at the Fuel City convenience story Monday, Dec. 16 in Dallas. The Mega Millions jackpot soared to $586 million on Monday amid a frenzy of ticket purchases, a jump that pushed the prize closer to the $656 million U.S. record set last year. Photo: Associated Press//LM Otero

By Barbara Goldberg

(Reuters) – A last-minute ticket buying frenzy could make Tuesday’s Mega Millions jackpot the biggest U.S. lottery prize in history, and odds are mounting for a winner just a week before Christmas, a game official said.

The prize swelled to $586 million on Monday, with another spike in sales expected Tuesday before the 11 p.m. EST drawing, said Paula Otto, Virginia’s lottery director, who heads the multi-state Mega Millions game.

If the winner chooses to take the lump sum cash option, instead of payments over 30 years, the jackpot would be $316 million, according to Mega Millions.

As much as 70 percent of tickets are typically bought the day of the drawing, she said.

Ticket buying reached a fever pitch over the weekend, with 20 percent more chances sold than expected, Otto said.

The spending tsunami pushed the prize closer to the record U.S. jackpot of $656 million, won March 2012 in a Mega Millions drawing. The second largest lottery jackpot was $590.5 million, won May 2013 in a Powerball game.

“If it doesn’t surpass the record, we’ll be close. It’s growing a little faster than we thought,” Otto said on Monday.

The more tickets sold, the better chance someone will match one of the 259 million possible number combinations that could land a jackpot. By Tuesday’s drawing, players will have bought enough tickets to cover 65 percent to 75 percent of the possible number combinations to strike it rich, Otto said.

“You don’t know you have a winner unless it’s 100 percent covered, though,” she said.

If no one picks the exact combination of numbers that appear on six randomly selected lottery balls, the prize will keep growing until the next drawing on Friday.

“We’ve never had a jackpot this high the week before Christmas,” said Otto, who kept mum on whether she is hoping for the drama that a Christmas Eve drawing could bring.

“You like to see winners and you like to see big jackpots. I leave it in the hands of the bouncing balls,” Otto said.

(Editing by Scott Malone and Steve Orlofsky)

Latest Stories

in Sports

Michael Phelps arrested for DUI

Fresh
phelps

The Olympic swimmer was reportedly pulled over in Maryland early on Tuesday morning.

in Viral Videos

Jeff Goldblum’s bizarre new lightbulb ad

Fresh
13-overlay6

The "Jurassic Park" actor shows you the benefits of mood lighting, wearing nothing but tiny swim trunks and a bad wig.

in National

Secret Service White House security breach ‘unacceptable’

Fresh
secretservice

Lawmakers scolded the head of the Secret Service over a security breach that allowed a knife-wielding intruder to run deep into the White House.

in Sports

FCC expected to end sports TV blackout rule

NFL

A decades-old rule that has prohibited pay-TV providers from airing some home sports games could soon be a thing of the past.

in Entertainment, Sports

Michael Strahan making film debut in ‘Magic Mike’ sequel

strahan

The former football star turned TV host is set to take on the big screen.