Simon Cowell Wants You to Audition for The X Factor

02/09/2011 AT 02:35 PM EST

Got what it takes to impress Simon Cowell? Here's your chance to prove it.

The former Idol judge is challenging Americans from coast to coast to audition for his new Fox show, The X Factor – and is dangling a $5 million recording contract in front of them as the grand prize.

"We want someone who's going to be a global superstar," the acerbic Brit, 51, says in a video on the show's Web site. "That's why you've got to enter this show. You've got the 'X factor.' You think you can take everyone on. Bring it on."

Auditions will be held in Miami, New York, Seattle, Los Angeles, Dallas, Chicago – in front of live crowds of thousands. PEOPLE readers can go here to apply.

The singing show will feature contestants in four categories – young women, young men, older singer and vocal groups – all competing for the single prize.

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