What does お年玉 mean?
お年玉 is a Japanese noun meaning “New Year's gift (usu. money given to a child by relatives and visitors)” in English. It is written as お年玉 in kanji, おとしだま in hiragana, and otoshidama in romaji. This word is part of JLPT N2 vocabulary.
Example sentence
それはいわゆる「お年玉」でした。
That's what we call an "otoshidama".