$540 million up for grabs in Powerball drawing

One-time, lump-sump payment of $384.3 million could go to the winner

SAN LORENZO, CA - JANUARY 13: A Powerball ticket sits on the counter at Kavanagh Liquors on January 13, 2016. (Photo by Justin Sullivan/Getty Images) (Justin Sullivan, 2016 Getty Images)

How does starting the new year with more than half a billion dollars sound?

Well, you could have a chance if you play the Powerball, which is set at $540 million, an increase from $520 million Monday morning, according to Florida Lottery officials.

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After no one claimed the lottery jackpot on Saturday night, the $500 million winnings have climbed even higher.

If the winner chooses the one-time, lump-sum payment they will get $384.3 million, lottery officials said.

CBS says the odds of winning are one in 292 million.

The last time someone won the Powerball was on Oct. 4 when the winner took home almost $700 million.

The next Powerball drawing is Monday, Jan. 3, at 11 p.m. and you can watch it on News 6.