01 n. Same as jack pot. See under jack.
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2.
Any larger-than-usual gambling prize formed by the accumulation of unwon bets.
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3.
The highest gambling prize awarded in a gambling game in which smaller prizes are also awarded, especially such a prize on a slot machine.
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4.
An unusually large success in an enterprise, either unexpected or unpredictable, esp. one providing a great financial benefit.
Phrases & compounds
hit the jackpot —
to receive an unexpectedly large (or the largest possible) benefit from an enterprise; as, after prospecting for years, he finally hit the jackpot when he discovered a silver lode.