Is “Jackpot” a Scrabble word?

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Yes
JACKPOT
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Jackpot

noun
  1. 1.A money prize pool which accumulates until the conditions are met for it to be won.

  2. 2.A large cash prize or money.

  3. 3.An unexpected windfall or reward.

verb
  1. 1.(of a slot machine) To issue a jackpot.