I assume the phrase "oh my gosh" has the same meaning as "oh my God." Then, does the word "gosh" a slang term for the "God?"

Native speaker’s answer
Rebecca
Yes, that's correct! "Oh my gosh" has the same meaning as "oh my god" or "oh my lord" and is used in the same situations. "Gosh" is a euphemism for "god." Ex: Oh my gosh, I can't believe I just saw a celebrity in real life! Ex: Gosh, this bag sure is heavy.