Examples of jackpot in a Sentence
The lottery jackpot is up to one million dollars.
a wily dude who managed to get himself out of one jackpot after another
Recent Examples of jackpot from the Web
The odds of winning the jackpot with a $1 ticket are 1-in-13,983,816.
The winner of the $191.1 million Powerball jackpot bought his or her ticket in Louisiana, lottery officials said early Thursday (Oct. 26).
Greg McNicol Freddie Young of Detroit split a $46 million jackpot in February 2011, according to CBS Detroit.
The president who made that jackpot-hitting call, Lázaro Cárdenas, remains the most popular figure in 20th-century Mexican history.
The odds of winning the Mega Millions jackpot are about to become more difficult — and more expensive.
Knopp said ticket agencies buy thousands of season tickets each year, banking on being able to resell them at a profit, and hitting the jackpot when a team makes the World Series.
Red Hawk Casino hit a jackpot of its own Friday, fending off a $30 million court judgment that once threatened its existence.
Facebook is designed like a casino game where the jackpots are attention from other people (likes and messages) and the playing surface is a vast board whose parts can’t be seen most of the time.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'jackpot.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of jackpot
Synonymsbind, box, catch-22, corner, dilemma, fix, hole, impasse, predicament [chiefly West], jam, mire, pickle, quagmire, rabbit hole, rattrap, spot, sticky wicket, swamp
Related Wordsdifficulty, node; hot water, soup; pinch, plight, quandary, scrape, trouble; deadlock, halt, logjam, stalemate, standstill; clutch, crisis, crossroad, emergency, exigency, juncture, strait
Financial Definition of JACKPOT
What It Is
A jackpot is a big winning -- often the largest a competition or event has to offer.
How It Works
Let's say John Doe goes to Las Vegas to get away from his wife for a few days. He puts a few dollars in a slot machine and pulls the handle. Three red cherries pop up, lights start flashing, and music starts playing. John has won a $250,000 jackpot -- the largest payout the slot machines offer. He collects his winnings and leaves his wife, who later sues him for half.
Why It Matters
In the finance world, a jackpot is similar to a windfall -- it is an amount of money that is usually unexpected and usually very large. Jackpots can be the result of investing in IPOs that do well, holding onto a stock that everybody else left for dead, or investing in assets that were undervalued.
Note, however, that when you win a jackpot, the IRS does too -- income is taxable, regardless of whether it was expected.
JACKPOT Defined for English Language Learners
JACKPOT Defined for Kids
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