1A free item given as a bonus or promotional extra (a giveaway, freebie, or premium).
この店で買うと景品がもらえます。
If you buy at this store you get a freebie.
キャンペーンの景品は先着順で配られる。
Campaign premiums are distributed on a first-come, first-served basis.
この景品は非売品なのでコレクターに人気だ。
This giveaway is not sold in stores, so it's popular with collectors.
2A prize awarded in a lottery, game, or pachinko; an item won as a reward.
抽選で高価な景品が当たった。
I won an expensive prize in the lottery.
パチンコの景品を景品交換所で現金と交換した。
I exchanged the pachinko prizes for cash at the exchange booth.
イベントの景品は複数用意されている。
There are several prizes prepared for the event.
3A party favor or small gift handed out at events (similar to a favor or giveaway).
結婚式の参加者に小さな景品を配った。
They distributed small favors to the wedding guests.
運動会の景品を用意する係になった。
I was put in charge of preparing prizes for the sports day.