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 winner of Wednesday's Powerball jackpot has accepted her prize.
With a Powerball jackpot of $700 million, lottery fever is sweeping the country.
Today’s estimated $700-million Powerball jackpot is the second biggest in the game’s history.
For the current jackpot, the cash prize would be $443.3 million.
The Great (North) American Eclipse #2: April 8, 2024 Mexico, United States, Canada Talk about a celestial jackpot.
To McKay and hundreds of volunteer citizen scientists across the country, spotting a coronal mass ejection Monday would be like hitting the jackpot.
Street names include Apache, China girl, goodfella, jackpot, murder 8, TNT and Tango and Cash.
The chances of winning the jackpot in Illinois Lottery's Lotto game are 1 in 2.5 million.
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
Seen and Heard
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