Jackpot is an unincorporated community and census-designated place (CDP) in Elko County, Nevada, United States.Jackpot is located 47 miles (76 km) south of Twin Falls, Idaho, a city of approximately 50,000.[21][22] By 1960, the population had reached 400, but most residents were living in trailers because banks would not approve building loans, being unsure of the town's long-term prospects.[24] Cactus Pete's and Horseshu, as well as the independent Barton's Club 93 and the Four Jacks Casino, form the basis of the town's economy.[citation needed] Jackpot is located near Salmon Falls Creek and north of Middle Stack Mountain in the Granite Range of northeast Nevada.Even with its relatively cool average temperature, Jackpot receives barely enough precipitation to avoid being classified as a desert climate.