jackpot

noun
jack·​pot | \ ˈjak-ˌpät How to pronounce jackpot (audio) \

Definition of jackpot

1a : the top prize in a game or contest (such as a lottery) that is typically a large fund of money formed by the accumulation of unwon prizes
b(1) : a hand or game of draw poker in which a pair of jacks or better is required to open
(2) : a large pot (as in poker) formed by the accumulation of stakes from previous play
c(1) : a combination on a slot machine that wins a top prize or all the coins available for paying out
(2) : the sum so won
2 : an impressive often unexpected success or reward
3 chiefly Western US : a tight spot : jam

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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 on the Web Wochit A Powerball ticket sold in Pontiac hit the jackpot Wednesday night. Tanya Wildt, Detroit Free Press, "$70 million winning Powerball ticket sold at Pontiac party store," 13 Feb. 2020 Many investors in them are just speculating, buying in the blind hope of hitting a jackpot. Dallas News, "Motley Fool: China Mobile faces challenges but is still a well-run company, plus this week’s trivia," 19 Jan. 2020 Raiders — Jerry Jeudy, WR, Alabama: Jon Gruden and Mike Mayock will have hit the jackpot if their first draft in Las Vegas unfolds this way. Michael Middlehurst-schwartz, USA TODAY, "NFL mock draft 2020: QBs Joe Burrow, Tua Tagovailoa land in top five," 31 Dec. 2019 Finding new ways to enjoy the White River is a big deal right now, and a group of creative organizations led by the west side's Indy Convergence hit the jackpot of ideas this summer. Domenica Bongiovanni, Indianapolis Star, "10 new venues for music, shows and art that you need to visit in and around Indianapolis," 29 Dec. 2019 After participating in numerous RedditGifts exchanges, Shelby, who asked that her last name not be published, hit the jackpot on her 95th exchange, receiving an 81-pound package Dec. 17. Tribune News Service, oregonlive, "Reddit user discovers her Secret Santa is Bill Gates," 26 Dec. 2019 Commissioner Larry Scott and his advisers have big plans and grand dreams about the Pac-12 hitting the jackpot, because so many media companies (both legacy and digital) will want the rights to our football games. Jon Wilner, The Denver Post, "Dear USC president Carol Folt: A (very real made up) letter from Pac-12 constituents," 18 Sep. 2019 Commissioner Larry Scott and his advisers have big plans and grand dreams about the Pac-12 hitting the jackpot, because so many media companies (both legacy and digital) will want the rights to our football games. Jon Wilner, The Mercury News, "Dear USC president Carol Folt: A (very real made up) letter from Pac-12 constituents," 18 Sep. 2019 An Oregon man who has twice overcome cancer now has a new reason to boast of hitting the jackpot — 4.6 million reasons, to be exact. Rachel Desantis, PEOPLE.com, "Two-Time Cancer Survivor Wins $4.6 Million in Oregon Lottery: 'I Am a Very Lucky Guy'," 16 Sep. 2019

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.

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First Known Use of jackpot

1865, in the meaning defined at sense 1b(1)

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Time Traveler for jackpot

Time Traveler

The first known use of jackpot was in 1865

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Statistics for jackpot

Last Updated

16 Feb 2020

Cite this Entry

“Jackpot.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/jackpot. Accessed 23 Feb. 2020.

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More Definitions for jackpot

jackpot

noun

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.

Source: Investing Answers

jackpot

noun
How to pronounce jackpot (audio)

English Language Learners Definition of jackpot

: a usually large amount of money won in a game of chance

jackpot

noun
jack·​pot | \ ˈjak-ˌpät How to pronounce jackpot (audio) \

Kids Definition of jackpot

1 : a large amount of money to be won
2 : a large and often unexpected success or reward

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More from Merriam-Webster on jackpot

Thesaurus: All synonyms and antonyms for jackpot

Rhyming Dictionary: Words that rhyme with jackpot

Spanish Central: Translation of jackpot

Nglish: Translation of jackpot for Spanish Speakers

Britannica.com: Encyclopedia article about jackpot

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