Jackpot

What Does Jackpot Mean?
The top prize in a game of chance. Jackpot prizes can be anything from cash to cars and houses.

Investopedia explains Jackpot
When winnings are high, as in the case of most jackpots, you may have to pay the estimated tax liability at source. As your employer does with employment earnings, the awarder will withhold the taxes and send them to the IRS on your behalf.

Related Terms

Gambler's Fallacy
Gambling Income
Gambling Loss
Lottery
Sin Tax
More Related Terms

Related Links

4 Fatal Financial Fantasies - These dreams are likely to burst - and may blow away your financial future in the process.
Winning The Jackpot: Dream Or Financial Nightmare? - Don't assume all prizes are free. Many come with enough costs to render them worthless.
A Prelude to Sinful Investing - So-called sin stocks may seen outright undesirable to some but these "naughty" industries often bring stable returns, even in hard times.
Socially (Ir)responsible Mutual Funds - Not concerned about being an ethical investor? Maybe "sinful stocks" have a place in your portfolio.

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