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
One can assume the Jamaican woman, who won a portion of the $301.5 million Super Lotto jackpot, used the cover-up to protect her identity against greedy friends and thieves.
If there are multiple winners, the jackpot is divided among them.
Additional games and jackpot games will be available for purchase.
The Mega Millions jackpot began growing May 8 and has rolled over 10 times.
In March, a Vernon man won a $533 million Mega Millions jackpot.
Birney, now co-director of the European Bioinformatics Institute (EBI) in Hinxton, UK, took the first bets at a bar during an annual genetics meeting, and the contest eventually attracted more than 1,000 entries and a US$3,000 jackpot.
The selection of San Francisco was essentially hitting the jackpot for net neutrality advocates.
The jackpot was worth $315,300,000, according to Lottery officials.
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.
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
Definition of jackpot for English Language Learners
: a usually large amount of money won in a game of chance
JACKPOT Defined for Kids
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