By CBSMiami.com Team

MIAMI (CBSMiami) – The Powerball’s jackpot has increased to an estimated $540 million ahead of Monday night’s drawing.

The cash value if someone hits it big would be $384.3 million.

READ MORE: Martin Luther King Jr. Legacy Honored With Parades, Unity March

There have been 38 drawings in a row without a jackpot winner, according to Powerball. The last jackpot-winning draw occurred on October 4, when a California resident won $699.8 million.

READ MORE: Full 'Wolf Moon' Happening On A Chilly Night In South Florida

While the overall odds of winning any number of the Powerball prizes are 1 in 24.9, the odds of winning the Powerball jackpot are 1 in 292.2 million, according to the organization.

Tickets cost $2, and drawings are each Monday, Wednesday, and Saturday.

MORE NEWS: 13-Bedroom Home Gifted To Florida Family Raising 15 Kids

CBS4 is your official Florida Lottery station.

CBSMiami.com Team