Meaning of the word balling in English

What does balling mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

balling

US /ˈbɔːlɪŋ/
UK /ˈbɔːlɪŋ/

Adjective

(slang) having a lot of money and living a luxurious lifestyle

Example:
After he won the lottery, he started balling, buying mansions and sports cars.
They're really balling now that their business took off.