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1.
Is a basketball slang term used to describe a team that wins the chance in a draft lottery to select a marquee college or high school star player. The recruiting of a high school star player to a major college program.
Cleveland hit the $100 million dollar Dunkadelic Jackpot in the 2003 NBA draft and selected LeBron James with the #1 overall pick. Chicago won 6 NBA titles after hitting the Dunkadelic Jackpot in 1984 with the selection of Michael Jordan.
by Derrick E. Vaughan March 12, 2005
 
2.
Is a basketball term used by sports agents when refering to multi-year million dollar contracts and product endorsement opportunities.
Kevin Garnett hit the Dunkadelic Jackpot when he signed a 6 year $126,000,000.00 contract with Minnesota.( A record at the time ).Golf Superstar Tiger Woods hit the Dunkadelic Jackpot when he signed endorsement deals with Nike and American Express.
by Derrick E. Vaughan March 16, 2005