It will continue to rise as more tickets are sold.
'Sales are picking up at a pace as we near the draw date, with the price change from £3 to £2 making a difference, the first prize was always going to rise slower than in previous years but we’re now seeing it head in the right direction towards the £1m. mark,' said Ciara Devlin, key account manager at Guernsey Post who distribute tickets.
Jon Taylor, senior lottery officer for States Trading Group who operate the Lottery said: 'Each year the Christmas Lottery raises large amounts of money to help local projects and good causes and we know that charities throughout the Channel Islands are extremely grateful to everyone who supports the Christmas game.
'With a month to go until this year’s draw it’s clear that, once again, the Christmas Lottery is proving extremely popular, with many people buying tickets in the hope of winning some life changing amounts of cash in time for Christmas. At the same time, every ticket sold is going to provide funding to a wide range of local organisations.'
The draw will take place in Guernsey on Thursday 17 December from 6pm.