How to Say "winnings" in Spanish
The Spanish word for “winnings” is “premio” — B2 level.
English → SpanishB2
nounB2formal
money won in gambling

Examples
El premio gordo de la lotería de Navidad es enorme este año.
The Christmas lottery jackpot is huge this year.
El premio del seguro de vida se paga trimestralmente.
The life insurance premium is paid quarterly.
Insurance Terminology
In insurance, 'premio' refers to the amount you pay regularly for coverage. Note that 'prima' is also very common for this meaning.
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