What it is:
A jackpot is a big winning -- often the largest a competition or event has to.
How it works (Example):
Let's say John Doe goes to Las Vegas to get away from his wife for a few days. He
Why it Matters:
In the finance world, a jackpot is similar to a windfall -- it is an amount of investing in IPOs that do well, holding onto a that everybody else left for dead, or investing in assets that were undervalued.that is usually unexpected and usually very large. Jackpots can be the result of
Note, however, that when you win a jackpot, the IRS does too -- is taxable, regardless of whether it was expected.