Net winnings is a term that can be used both inside and outside casinos. Whether you are playing online or in a brick-and-mortar casino, the term is used to refer to your total payout minus your initial stake.
For example, let’s say you have made a bet of $100, which is your initial stake. Now, let’s say you end up winning ten times more, which is exactly $10,000. This number represents the total payout. Once you deduct $100 from $10,000, you will get your total net winnings. In this case, your net winnings will be $9,900. Simply put, the term is used to refer to all the extra money you make after placing your bet.
You might hear people using the term outside a casino, but keep in mind that it has the exact same meaning as when used during a casino game.