What better way to kick off the new year than as a brand new millionaire? And to have a shot at doing just that, all you have to do is buy a ticket for the Jan. 5 Mega Millions drawing.

The multistate lottery's jackpot sits at a whopping $145 million, and ticket holders will want to make sure to tune in at 11 p.m. ET, which is when the draw for the big prize is set to take place at the studios of WSB-TV, Atlanta's ABC affiliate

If you do hit the big prize and want to take home every last penny, the total will be paid out to you in annual installments over a 29-year period. Otherwise, you also have the option of an immediate lump sum payout of "only" about $88 million.

The lottery's winning numbers from the year's first drawing on Jan. 1 were 7, 18, 37, 38 and 39; the Mega Ball number was 9; and the Megaplier number was 5, according to the game's official website. The estimated jackpot had been $130 million, but no one matched the winning Mega Millions numbers on that day.

In fact, the latest drawing did not produce any new millionaires at all: The multistate lottery reported that no one matched five numbers to take home $1 million. With the Megaplier option, which is used in some states and allows players to increase non-jackpot prize winnings by 2, 3, 4 or 5 times, the second-largest prize could have even been as high as $5 million this time around.

Mega Millions drawings take place every Tuesday and Friday, and the draw entry closes at 10:45 p.m. ET. Tickets for the game are sold in 43 states, the District of Columbia and the U.S. Virgin Islands -- a total of 45 jurisdictions. The odds of winning any prize are about 1 in 15, but your chances of hitting the jackpot are only about 1 in 259 million.

So if you want to find out how close you are to hitting the jackpot and settling into a life of luxury, then click here to learn how to watch the Mega Millions drawings at 11 p.m. ET.