Winnings: meaning, definitions and examples

Winnings are usually associated with money or valuable items one receives from gambling, lotteries, or betting. It's a term that emphasizes the result of a successful gamble or competition.

• He spent all his lottery winnings on a new car.
• Their winnings from the horse race were substantial.

Prize is a general term for an award given in a competition, contest, or lottery. It is not necessarily money and can include trophies, medals, or other items of value. It is commonly used in both formal and informal contexts.

• He won first prize in the science fair.
• The company is offering a prize for the best innovation.

Reward is typically used to describe something given in recognition of service, effort, or achievement. It often carries a positive connotation and implies an outcome of hard work or good behavior rather than luck.

• She received a reward for her honesty in returning the lost wallet.
• Hard work provides its own rewards.

Jackpot refers to a large prize, often a cumulative sum of money, especially in gambling or lotteries. It conveys the idea of hitting the highest possible reward in a game of chance.

• She hit the jackpot in the casino, winning millions.
• Everyone dreams of winning the lottery jackpot.