1. an act or instance of paying, expending, or disbursing.
  2. money paid, expended, or disbursed, as a dividend or winning: He went to the betting window to collect his payout.

Origin of payout

First recorded in 1900–05; noun use of verb phrase pay out Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for payout

Contemporary Examples of payout

Word Origin and History for payout

1904, from pay (v.) + out. Originally in reference to oil wells that produced enough to justify the expense of drilling them.

Online Etymology Dictionary, © 2010 Douglas Harper