UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C.  20549
                             FORM 10-Q


[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 1995

                             OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934 

For the transition period from to _____________ to ____________

Commission file no. 1-9728

                        JACKPOT ENTERPRISES, INC. 
        (Exact name of registrant as specified in its charter)

          NEVADA                               88-0169922
(State or other jurisdiction of    (I.R.S. Employer Identification No.)
incorporation or organization)

1110 Palms Airport Drive, Las Vegas, Nevada                  89119
 (Address of principal executive offices)                 (Zip Code)


                               702-263-5555
           (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to file 
such reports), and (2) has been subject to such filing requirements 
for the past 90 days.  

                              Yes   x        No       

There were 9,304,580 shares of the registrant's common stock
outstanding as of February 2, 1996.<PAGE>
 
                  JACKPOT ENTERPRISES, INC. AND SUBSIDIARIES
                                   INDEX




Part I.  Financial Information

Item 1.  Financial Statements
           Condensed Consolidated Balance Sheets -
             December 31, 1995 and June 30, 1995     
           Condensed Consolidated Statements of Income - 
             Three and Six Months Ended December 31, 1995 and 1994
           Condensed Consolidated Statement of Stockholders'
             Equity - Six Months Ended December 31, 1995       
           Condensed Consolidated Statements of Cash  Flows - 
             Six Months Ended December 31, 1995 and 1994        
           Notes to Condensed Consolidated Financial 
             Statements

Item 2.  Management's Discussion and Analysis of Financial
           Condition and Results of Operations

Part II. Other Information

Item 4.  Submission of Matters to a Vote of Stockholders

Item 6.  Exhibits and Reports on Form 8-K
<PAGE>
                 JACKPOT ENTERPRISES, INC. AND SUBSIDIARIES
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                          (Dollars in thousands)
                                (Unaudited)
<TABLE>

                                           December 31,      June 30,
        ASSETS                                1995             1995   
        ______                             ___________       ________ 
<S>                                        <C>               <C>
Current assets:
  Cash and cash equivalents                $ 36,425          $ 32,916
  Prepaid expenses                            1,416             1,703
  Other current assets                        1,598             2,637
                                           ________          ________
    Total current assets                     39,439            37,256
                                           ________          ________
Property and equipment, at cost:
  Land and buildings                          2,656             2,656
  Gaming equipment                           28,265            26,676
  Other equipment                             4,442             4,328
  Leasehold improvements                        721               713
                                           ________          ________
                                             36,084            34,373
  Less accumulated depreciation             (20,947)          (19,322)
                                           ________          ________
                                             15,137            15,051
Lease acquisition costs and other
  intangible assets, net of 
  accumulated amortization of 
  $6,496 and $6,061                           6,395             7,292

Goodwill, net of accumulated 
  amortization of $2,437 and $2,341           5,193             5,289

Lease and other security deposits             3,450             3,490

Other non-current assets                      2,817             3,581
                                           ________          ________ 

    Total assets                           $ 72,431          $ 71,959
                                           ========          ========

See Notes to Condensed Consolidated Financial Statements.
/TABLE
<PAGE>
       JACKPOT ENTERPRISES, INC. AND SUBSIDIARIES
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                 (Dollars in thousands, except share data)
                                (Unaudited)
                                (Concluded)

 <TABLE>
                                            December 31,   June 30,
LIABILITIES AND STOCKHOLDERS' EQUITY           1995          1995   
____________________________________        ___________    ________
<S>                                         <C>            <C>
Current liabilities:
  Current portion of long-term debt         $   319        $   678
  Accounts payable                              372            566
  Other current liabilities                   3,679          4,372
                                            _______        _______
      Total current liabilities               4,370          5,616

Long-term debt, less current portion                           271
Deferred rent                                 3,259          3,506
Accrued pension and other liabilities         2,372          2,350
                                            _______        _______
      Total liabilities                      10,001         11,743
                                            _______        _______

Commitments and contingencies

Stockholders' equity:
  Preferred stock - authorized 
    1,000,000 shares of $1 par value; 
    none issued
  Common stock - authorized 
    30,000,000 shares of $.01 par value;
    9,598,198 and 9,595,388 shares issued        96             96
  Additional paid-in capital                 63,757         63,935
  Retained earnings (accumulated deficit)     2,212           (180)
  Less 293,742 and 293,741 shares of 
    common stock in treasury, at cost        (3,635)        (3,635)
                                            _______        _______
      Total stockholders' equity             62,430         60,216
                                            _______        _______
      Total liabilities and 
        stockholders' equity                $72,431        $71,959
                                            =======        =======

See Notes to Condensed Consolidated Financial Statements.
/TABLE
<PAGE>
       JACKPOT ENTERPRISES, INC. AND SUBSIDIARIES
                CONDENSED CONSOLIDATED STATEMENTS OF INCOME
           THREE AND SIX MONTHS ENDED DECEMBER 31, 1995 AND 1994
               (Dollars in thousands, except per share data)
                                (Unaudited)
<TABLE>
                              Three Months Ended   Six Months Ended
                                   December 31,        December 31,    
                               ________________    ________________
                                 1995     1994      1995      1994
                               _______  _______    _______  _______
<S>                            <C>      <C>        <C>      <C>
Revenues:
  Route operations             $20,448  $21,846    $41,055  $42,922
  Casino operations              1,936    1,933      4,130    4,480
                               _______  _______    _______  _______
    Totals                      22,384   23,779     45,185   47,402
                               _______  _______    _______  _______
Costs and expenses:
  Route operations              15,569   16,420     31,345   32,280
  Casino operations              1,729    1,660      3,492    4,065
  Amortization                     549      664      1,111    1,324
  Depreciation                   1,051    1,330      2,295    2,665
  General and administrative     1,043    1,420      2,232    2,753
                               _______  _______    _______  _______
    Totals                      19,941   21,494     40,475   43,087
                               _______  _______    _______  _______
Operating income                 2,443    2,285      4,710    4,315
                               _______  _______    _______  _______
Other income (expense):
  Interest and other income        319      200        714      405
  Interest expense                 (10)     (45)       (22)    (103)
                               _______  _______    _______  _______   
    Totals                         309      155        692      302
                               _______  _______    _______  _______
Income before income tax         2,752    2,440      5,402    4,617
                               _______  _______    _______  _______
Provision for Federal income tax:
  Current           
  Deferred                         881      784      1,729    1,524
                               _______  _______    _______  _______
    Totals                         881      784      1,729    1,524
                               _______  _______    _______  _______
Net income                     $ 1,871  $ 1,656    $ 3,673  $ 3,093
                               =======  =======    =======  =======
Earnings per common and
  common equivalent share      $   .20  $   .18    $   .39  $   .34
                               =======  =======    =======  =======
Cash dividends per share of
  common stock                 $   .08  $   .08    $   .16  $   .16
                               =======  =======    =======  =======
See Notes to Condensed Consolidated Financial Statements.
</TABLE>
<PAGE>
                   JACKPOT ENTERPRISES, INC. AND SUBSIDIARIES
            CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                       SIX MONTHS ENDED DECEMBER 31, 1995
            (Dollars and shares in thousands, except per share data)
                                   (Unaudited)
<TABLE>
                                     Retained
                        Additional   Earnings     Treasury       Total
          Common Stock    Paid-in  (Accumulated    Stock      Stockholders'
          Shares Amount   Capital    Deficit)  Shares  Amount   Equity
          ______ ______ __________ ___________ ______ _______ _____________
<S>       <C>    <C>    <C>        <C>         <C>    <C>     <C>
Balance
July 1,
1995      9,595   $96     $63,935      $ (180)  (294) $(3,635) $60,216

Cash
dividends
($.16 per
share)                       (201)     (1,281)                  (1,482)

Issuance
of shares
on
exercise
of stock
options       3                23                                   23

Net
income                                  3,673                    3,673
          _____   ___     _______      ______   ____  _______  _______
                                       
Balance
December
31, 1995  9,598   $96     $63,757      $2,212   (294) $(3,635) $62,430
          =====   ===     =======      ======   ====  =======  =======

See Notes to Condensed Consolidated Financial Statements.
</TABLE>
<PAGE>
                  JACKPOT ENTERPRISES, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                   SIX MONTHS ENDED DECEMBER 31, 1995 AND 1994
                              (Dollars in thousands)
                                   (Unaudited)
<TABLE>                                              1995      1994  
                                                   ________  _______
<S>                                                <C>       <C>
Operating activities:
  Net income                                       $ 3,673   $ 3,093
  Adjustments to reconcile net income to net
    cash provided by operating activities:
      Depreciation and amortization                  3,406     3,989
      Deferred Federal income tax                    1,729     1,524
      Net gain on sales and retirements of property
        and equipment                                 (166)     (161)
      Other                                                      (75)
      Increase (decrease) from changes in:
        Prepaid expenses and other current assets       81       248 
        Other non-current assets                      (106)      (81)
        Accounts payable                              (194)      (40)
        Other current liabilities                     (693)      211
        Deferred rent                                 (247)      680
        Other liabilities                               22        92
                                                   _______   _______
          Net cash provided by operating activities  7,505     9,480
                                                   _______   _______
Investing activities:
  Proceeds from sales of short-term investments                  509
  Net proceeds (advances) to location operators        122      (124)
  Proceeds from sale of other non-current asset                  217
  Proceeds from sales of property and equipment        500        82
  Purchases of property and equipment               (2,405)   (1,439)
  Advances to equity investee                                 (1,402)
  Increase in lease acquisition costs and other     
    intangible assets                                 (164)     (209)
  Decrease in lease and other security deposits         40        31
                                                   _______   _______
          Net cash used in investing activities     (1,907)   (2,335)
                                                   _______   _______
Financing activities:
  Repayments of long-term debt                        (630)     (704)
  Proceeds from issuance of common stock                23       
  Dividends paid                                    (1,482)   (1,474)
                                                   _______   _______
          Net cash used in financing activities     (2,089)   (2,178)
                                                   _______   _______

Net increase in cash and cash equivalents            3,509     4,967
Cash and cash equivalents at beginning of period    32,916    23,543
                                                   _______   _______
Cash and cash equivalents at end of period         $36,425   $28,510
                                                   =======   =======

Supplemental disclosures of cash flow data:
  Cash paid during the period for:
    Interest                                       $    22   $   103
    Federal income tax                             $    -    $    -
  Non-cash financing activity:  reduction of 
    debt upon sale of other non-current asset      $    -    $   479

See Notes to Condensed Consolidated Financial Statements.
</TABLE>
<PAGE>
                 JACKPOT ENTERPRISES, INC. AND SUBSIDIARIES
           NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1 - General:
             In the opinion of management, the accompanying unaudited
             condensed consolidated financial statements reflect all 
             adjustments, consisting of normal recurring accruals, 
             necessary to present fairly Jackpot's financial position 
             as of December 31, 1995, and the results of its operations 
             for the three and six months ended December 31, 1995 and
             1994 and its cash flows for the six months ended December 31, 
             1995 and 1994.  Information included in the condensed 
             consolidated balance sheet as of June 30, 1995 has been derived 
             from Jackpot's Annual Report to the Securities and Exchange 
             Commission on Form 10-K for the year ended June 30, 1995 
             (the "1995 Form 10-K").

             The earnings for the three and six months ended December 31,
             1995 and 1994 are not necessarily indicative of results for a
             full year.  

Note 2 - Earnings per share:
             Earnings per share for the three and six months ended December
             31, 1995 and 1994 are computed by dividing net income by the
             weighted average number of common shares outstanding.  Stock
             options and warrants have been excluded from the computations 
             because they had no effect or were antidilutive on earnings per 
             share.

Note 3 - Stockholders' equity:
           Cash dividends:
             For the six months ended December 31, 1995, Jackpot paid cash
             dividends of approximately $1,482,000 ($.16 per common share). 
             On January 27, 1996 Jackpot's Board of Directors declared a
             quarterly dividend of $.08 per common share for the three months 
             ended December 31, 1995 which is payable on or about February 23,
             1996 to stockholders of record on February 9, 1996.

           The 1992 Incentive and Non-qualified Stock Option Plan:
             On September 30, 1995, the exercise price of the June 30, 1995
             grant of nonqualified stock options to purchase an aggregate of
             110,000 shares of common stock (27,500 each to four directors)
             was vested at $10.75 per share, the fair market value of the
             stock on that date, pursuant to the terms of the 1992 Incentive
             and Non-qualified Stock Option Plan (the "1992 Plan").  See 
             Note 7 of Notes to Consolidated Financial Statements in the 
             1995 Form 10-K for further information regarding the 1992 Plan 
             and option grants.

           Common stock warrants:
             As of December 31, 1995, there were 1,588,195 warrants
             outstanding and 1,747,015 shares of common stock reserved for
             issuance upon exercise of such warrants.  In January 1996, 129
             common shares were issued on exercise of 119 warrants leaving 
             1,588,076 warrants outstanding which expired pursuant to their 
             terms on January 31, 1996.  See Note 7 of Notes to Consolidated 
             Financial Statements in the 1995 Form 10-K.




Note 4 - Commitments and contingencies:
           Legal matter:
             On August 17, 1992, Phar-Mor, Inc. ("Phar-Mor"), a large chain
             store, announced that it had filed for protection under Chapter
             11 of the U.S. Bankruptcy Code.  Jackpot operated 51 gaming
             machines at three Phar-Mor store locations in Nevada under a
             license agreement dated February 10, 1990 (the "Original
             Agreement").  Under the Original  Agreement, Jackpot made
             certain advances to Phar-Mor.  Thereafter, Jackpot and Phar-Mor, 
             subject  to bankruptcy court approval, entered into an amended 
             license agreement, dated January 1, 1993 (the "Amended 
             Agreement"). If the Amended Agreement were to become final, 
             Jackpot would receive credits for certain prepaid sums but would 
             be required to pay certain additional obligations as described 
             below.

             On May 12, 1995, Phar-Mor announced the closing of 41 stores,
             including its three stores in Nevada.  On May 24, 1995 Jackpot
             notified Phar-Mor that it was in default under (i) the Original
             Agreement, and (ii) the Amended Agreement to the extent
             applicable.  Jackpot has taken the position that the Amended
             Agreement has not become operative and has not replaced the
             Original Agreement.  Jackpot has claimed monetary damages in
             excess of several millions of dollars resulting from Phar-Mor's
             alleged default, consisting of, but not limited to certain
             refundable monies, prepaid license fees, lost profits and other
             consequential and incidental damages.

             On July 25, 1995, Phar-Mor notified Jackpot that it disagreed
             with Jackpot's position that Phar-Mor has defaulted under the
             terms of either the Original Agreement or the Amended
             Agreement.  Phar-Mor maintains that the Amended Agreement is
             the operative agreement and is seeking to enforce its rights
             thereunder.  Jackpot, based upon discussions with counsel, does
             not believe it is probable that Phar-Mor will prevail in this 
             matter.  If Phar-Mor were to prevail and the Amended Agreement
             is determined to be the operative agreement, Jackpot could be
             liable for certain obligations under the Amended Agreement up to
             approximately $1 million.  If Jackpot were to prevail, it would
             become an unsecured creditor with respect to its claims against
             Phar-Mor which exceed $3 million.
<PAGE>
Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations

Capital Resources and Liquidity
_______________________________

     Cash Flows:

     Jackpot's principal sources of cash for the six months ended December 31, 
1995 (the "1995 six months"), consisted of the cash flows from operating 
activities and its available cash and cash equivalents which, at June 30, 
1995, approximated $32.9 million and at December 31, 1995 approximated 
$36.4 million. 

     Net cash provided by operating activities in the 1995 six months was 
$7.5 million.  Net cash used in investing activities in the 1995 six months 
was approximately $1.9 million which included cash used of approximately 
$2.6 million and cash received of approximately $.7 million.  The $2.6
million of cash used was primarily for the purchase of property and 
equipment.  The $.7 million of cash received from investing activities 
consisted primarily of aggregate proceeds from sales of property and 
equipment.

     Net cash used in financing activities in the 1995 six months was 
approximately $2.1 million which resulted from the repayment of 
approximately $.6 million of long-term debt and the payment of approximately 
$1.5 million of dividends.

     Liquidity:

     At December 31, 1995, Jackpot had cash and cash equivalents of
approximately $36.4 million, an increase of approximately $3.5 million 
from June 30, 1995.  Jackpot's working capital and current ratio also 
increased to approximately $35.1 million and 9.0 to 1, respectively, at
December 31, 1995, from $31.6 million and 6.6 to 1, respectively, at 
June 30, 1995 primarily as a result of the activities described above.

     On May 24, 1995, Jackpot notified Phar-Mor, Inc. ("Phar-Mor"),
a large chain store, that it was in default under the terms of certain 
agreements.   On July 25, 1995, Phar-Mor notified Jackpot that it disagreed 
with Jackpot's position and asserted that Jackpot was in default under 
the terms of the same agreements.  Jackpot, based upon discussions with 
counsel, does not believe it is probable that Phar-Mor will prevail in 
this matter.  If Phar-Mor were to prevail, Jackpot could be liable
for certain obligations up to $1 million.  If Jackpot were to prevail, 
it would become an unsecured creditor of Phar-Mor in an amount in excess of 
$3 million.

     Management believes Jackpot's working capital and cash provided by 
operations will be sufficient to enable Jackpot to meet its planned capital 
expenditures, meet its debt service requirements, pay quarterly cash dividends 
pursuant to Jackpot's current dividend policy and meet its other ongoing
cash requirements as they become due in the fiscal year ending June 30, 1996.
With respect to planned capital expenditures, management anticipates Jackpot 
will purchase approximately $3.2 million of property and equipment, exclusive 
of business acquisitions, if any, in the remainder of fiscal 1996 to be
used in existing and currently planned new locations.

     Jackpot continues to selectively explore expansion opportunities, both 
in and outside Nevada, and various potential acquisitions, both gaming and 
nongaming.  Management believes working capital and cash provided by 
operations will be sufficient to enable Jackpot to pursue expansion
opportunities; however, Jackpot may seek additional debt or equity financing 
to facilitate expansion opportunities and potential acquisitions. 

Results of Operations
_____________________

     Revenues:

     Total revenues in the three months ended December 31, 1995 (the "1995 
three months") decreased approximately $1.4 million (from $23.8 million in 
the three months ended December 31, 1994 (the "1994 three months") to $22.4 
million in the 1995 three months), while total revenues in the 1995 six months 
decreased approximately $2.2 million (from $47.4 million in the six
months ended December 31, 1994 (the "1994 six months") to $45.2 million in 
the 1995 six months).  The decrease in total revenues of $1.4 million in the 
1995 three months was attributable to the decline in gaming machine route 
operations revenues  (from $21.8 million in the 1994 three months to $20.4
million in the 1995 three months).  The decrease in total revenues of $2.2 
million in the 1995 six months was the net result of decreases of $1.8 million
(from $42.9 million in the 1994 six months to $41.1 million in the 1995 six 
months) in gaming machine route operations revenues and a decrease of $.4
million (from $4.5 million in the 1994 six months to $4.1 million in the 
1995 six months) in casino operations revenues.

     The decreases in gaming machine route operations revenues of $1.4 million 
and $1.8 million were due primarily to the loss of the Company's right to 
operate at all three Phar-Mor locations in Nevada due to the permanent 
closing by Phar-Mor of such locations in connection with Phar-Mor's bankruptcy
reorganization plan and to the closing or loss, based on the Company's 
commitment to maintain pricing discipline, of certain non-chain locations.
The decreases in gaming machine route operations revenues  resulted from a 
combination of additional revenues generated from new locations, net of lost 
revenues from terminated locations and decreases in revenues at existing 
locations.  In the 1995 three months and 1995 six months, new locations 
generated revenues of approximately $1.0 million and $2.2 million, 
respectively.  Terminated locations had generated revenues of $1.6 million 
and $3.1 million in the 1994 three months and 1994 six months, respectively, 
while revenues at existing locations decreased $.8 million and $.9 million 
in the 1995 three months and 1995 six months, respectively. 

     The amount of gaming machine route operations revenues attributable to 
fixed payment leases and revenue sharing contracts for the three and six 
months ended December 31, 1995 and 1994 are summarized below (dollars in 
thousands): 














<TABLE>                                     

                                         Three Months Ended December 31,
                                            1995                 1994            
                                     ___________________ ____________________
                                              Percent              Percent
                                              of route             of route
                                              operations           operations
                                     Amount   revenues    Amount   revenues  
                                     _______  __________  _______  __________
<S>                                  <C>      <C>         <C>      <C>
Route operations:
  Fixed payment leases               $13,072    63.9%     $13,519     61.9%
  Revenue sharing contracts            7,376    36.1        8,327     38.1
                                     _______   _____      _______    _____
    Totals                           $20,448   100.0%     $21,846    100.0%
                                     =======   =====      =======    =====

</TABLE>
<TABLE>
                                          Six Months Ended December 31,
                                            1995                 1994            
                                     ___________________ ____________________
                                              Percent              Percent
                                              of route             of route
                                              operations           operations
                                     Amount   revenues    Amount   revenues  
                                     _______  __________  _______  __________
<S>                                  <C>      <C>         <C>      <C>
Route operations:
  Fixed payment leases               $25,912    63.1%     $26,831     62.5%
  Revenue sharing contracts           15,143    36.9       16,091     37.5
                                     _______   _____      _______    _____
    Totals                           $41,055   100.0%     $42,922    100.0%
                                     =======   =====      =======    =====
</TABLE>
     Casino operations revenues in the 1995 three months remained constant at 
approximately $1.9 million compared to the 1994 three months, and in the 1995 
six months decreased approximately $.4 million (from $4.5 million in the 1994 
six months to $4.1 million in the 1995 six months).  The decrease in casino 
operations revenues in the 1995 six months was due primarily to the closing 
in February 1995 of operations of Water Street Casino, Inc. dba the Post 
Office Casino (the "Post Office Casino").  The Post Office Casino had 
generated approximately $.5 million of revenues in the 1994 six months.

     Costs and expenses:

     Route operations expenses in the 1995 three months and 1995 six months 
decreased approximately $.8 million (from $16.4 million in the 1994 three 
months to $15.6 million in the 1995 three months) and $1.0 million (from $32.3 
million in the 1994 six months to $31.3 million in the 1995 six months) and, 
as a percentage of route operations revenues, increased to 76.1% and 76.3% in 
the 1995 three months and 1995 six months, respectively,  from 75.2% in both 
the 1994 three months and 1994 six months.  The decreases of $.8 million and 
$1.0 million over the respective 1994 periods were attributable to decreases
of $.3 million and $.2 million, respectively, in location rent, decreases of 
$.1 million and $.3 million, respectively, in payroll costs, decreases  of 
$.2 million and $.3 million, respectively, in workers' compensation costs and
decreases of $.2 million in other route operations expenses in each of the 
respective 1995 periods.  Route operations expenses increased as a percentage 
of route operations revenues primarily because of the loss of the right to 
operate at the Phar-Mor locations, with which route operations expenses were
lower as a percentage of route operations revenues than Jackpot's overall 
percentage.  With respect to location rent, which is the single largest route 
operations expense, no contract with a material effect on operating results 
expires in fiscal 1996.  See Item 1 - Business - Gaming Machine Route
Operations in the 1995 Form 10-K for a further description of the Company's 
lease and license agreements.

     Casino operations expenses in the 1995 three months remained constant at 
approximately $1.7 million compared to the 1994 three months and, as a 
percentage of casino operations revenues increased to 89.3% in the 1995 three 
months from 85.9% in the 1994 three months due primarily to slightly higher 
costs in the 1995 three months as compared to the 1994 three months.  Casino
operations expenses in the 1995 six months decreased approximately $.6 million
(from $4.1 million in the 1994 six months to $3.5 million in the 1995 six 
months) and, as a percentage of casino operations revenues, casino operations
expenses decreased to 84.6% in the 1995 six months from 90.7% in the 1994 six 
months due primarily to the closing of the Post Office Casino.  With respect
to casino operation expenses, the 1994 six months included approximately
$.8 million of costs and expenses incurred by the Post Office Casino.

     Amortization expense in the 1995 three months and 1995 six months 
decreased approximately $.1 million (from $.7 million in the 1994 three months
to $.6 million in the 1995 three months) and approximately $.2 million 
(from $1.3 million in the 1994 six months to $1.1 million in the 1995 six 
months).  The decrease in amortization expense in the respective 1995 periods
was primarily attributable to the decrease in amortization expense related to 
the three Phar-Mor locations. As a result of the permanent closing of 
Phar-Mor's three locations in Nevada, Jackpot wrote off all remaining lease 
acquisition costs related to Phar-Mor in the three months ended June 30, 1995.

     Depreciation expense in the 1995 three months and 1995 six months 
decreased approximately $.2 million (from $1.3 million in the 1994 three 
months to $1.1 million in the 1995 three months) and $.4 million (from $2.7 
million in the 1994 six months to $2.3 million in the 1995 six months).  The 
decrease in depreciation expense in the respective 1995 periods was
primarily attributable to gaming machines acquired in connection with the 
purchase of a gaming machine route business in 1992, which had become fully 
depreciated during the three months ended September 30, 1995.

     General and administrative expenses in the 1995 three months and 1995 
six months decreased approximately $.4 million (from $1.4 million in the 1994 
three months to $1.0 million in the 1995 three months) and $.6 million 
(from $2.8 million in the 1994 six months to $2.2 million in the 1995 six 
months) primarily as a result of decreases in payroll and other compensation 
related costs.

     Interest and other income:

     Interest and other income in the 1995 three months and 1995 six months 
increased approximately $.1 million (from $.2 million in the 1994 three months 
to $.3 million in the 1995 three months) and $.3 million (from $.4 million in 
the 1994 six months to $.7 million in the 1995 six months) primarily from 
the increase in interest income as a result of the increase in available cash
and cash equivalents.

     
     
     Other:

     The effective tax rate in the 1995 three months remained constant at 32% 
compared to the 1994 three months and in the 1995 six months such rate was 32%,
which was slightly lower than the 33% rate in the 1994 six months primarily 
because of the increase in tax benefits from tax-exempt interest income.

     General:

     Despite the decrease in revenues in the respective 1995 periods, operating
income in the 1995 three months and 1995 six months increased approximately $.1
million (from $2.3 million in the 1994 three months to $2.4 million in the 
1995 three months) and $.4 million (from $4.3 million in the 1994 six months 
to $4.7 million in the 1995 six months).  The increases in operating income 
of $.1 million and $.4 million were due primarily to the decreases in 
amortization, depreciation and general and administrative expenses described 
above.
     
     Net income in the 1995 three months and 1995 six months increased 
approximately $.2 million (from $1.7 million in the 1994 three months to 
$1.9 million in the 1995 three months) and $.6 million (from $3.1 million 
in the 1994 six months to $3.7 million in the 1995 six months) due to the 
results of operations described above.  Earnings per share in the 1995
three months and 1995 six months were $.20 and $.39 per share, respectively, 
compared to earnings per share in the 1994 three months and 1994 six months 
of $.18 and $.34 per share, respectively.

<PAGE>
                      PART II.  OTHER INFORMATION

Item 4.  Submission of Matters to a Vote of Stockholders

           (a)  Jackpot's 1995 Annual Meeting of Stockholders was held on
                December  13, 1995.

           (b)  Proxies were solicited by Jackpot's management without
                opposition and all nominees were elected to hold office until
                the next annual meeting as described in the Proxy Statement
                dated October 13, 1995.

           (c)  No other matters were voted upon except for the proposal to
                ratify the appointment of Jackpot's independent auditors.  The
                stockholders voted 8,606,350 shares "FOR", 23,467 shares
                "AGAINST" and 37,136 shares "ABSTAINING" to approve the 
                appointment of Deloitte & Touche LLP as Jackpot's independent 
                auditors for the fiscal year ending June 30, 1996.

Item 6.  Exhibits and Reports on Form 8-K

           (a)  Exhibits:

                Exhibit 11.1 - Computation of Earnings Per Common Share for 
                the three and six months ended December 31, 1995 and 1994.

                Exhibit 27.1 - Financial Data Schedule (EDGAR version only).

           (b)  Reports on Form 8-K - No Form 8-K was filed for the three
                months ended December 31, 1995.  

                                        Signature
                                              
Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized. 
 
                                        JACKPOT ENTERPRISES, INC.  
                                        _________________________
                                              (Registrant)

                                        By:  /s/ Bob Torkar
                                        _________________________
                                        BOB TORKAR
                                        Senior Vice President - Finance,
                                        Treasurer and Chief Accounting Officer
Date:  February 12, 1996