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.
Note, however, that when you win a jackpot, the IRS does too -- is taxable, regardless of whether it was expected.