I understand that the average energy of each degree of freedom in a thermodynamic system is $\frac12kT$. And so, for an ideal monatomic gas, there are three degrees of freedom associated with the translational components of each atom, which gives $E$ = $\frac32kT$ for each atom in this system.
For an ideal diatomic gas, there are the three degrees of freedom from the translational components plus two more degrees of freedom associated with the rotational components of each molecule. So we end up with $E$ = $\frac52kT$ for each molecule.
My question here is why did we ignore the rotational degree(s) of freedom in case of a monatomic gas ? Like why isn't there another degree of freedom for the rotational component of a single atom ? Also, if that is neglected for some reason, then when does it become significant and can no longer be ignored ? For example, shouldn't it be included in calculations under extreme conditions like temperature of millions of degrees ?