| x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|--------------------------------------------------------------------------------------|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

|   | PokerTek, Inc. |   |
|--------|----------------|--------|

| North Carolina                                                 |   | 61-1455265                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

| 1150 Crews Road, Suite F, Matthews, North Carolina 28105 |
|----------------------------------------------------------|
| (Address of principal executive offices) (Zip Code)      |

| Title of each class        | Name of each exchange on which registered          |
|----------------------------|----------------------------------------------------|
| Common Stock, no par value | The NASDAQ Stock Market LLC(NASDAQ Capital Market) |

|   | o | Large accelerated filer                                             | o | Accelerated filer         |
|--------|---|---------------------------------------------------------------------|---|---------------------------|
|   | o | Non-accelerated filer (do not check if a smaller reporting company) | x | Smaller reporting company |

----

----

|          |                                    | Page   |
|---------------|-----------------------------------------|--------|
|          |                                    |   |
| PART IV       |                                    |   |
| Item 15.      | Exhibits, Financial Statement Schedules | 1      |
|          |                                    |   |
| Signatures    |                                    | 2      |
| Exhibit Index |                                    |   |

----

Item 15. Exhibits, Financial Statement Schedules.

| ●       | Report of Independent Registered Public Accounting Firm; |
|---------------------------------------------|----------------------------------------------------------|

| ●       | Consolidated Statements of Operations for the years ended December 31, 2009, 2008 and 2007; |
|---------------------------------------------|---------------------------------------------------------------------------------------------|

| ●       | Consolidated Balance Sheets as of December 31, 2009 and December 31, 2008; |
|---------------------------------------------|----------------------------------------------------------------------------|

| ●       | Consolidated Statements of Shareholders’ Equity for the years ended December 31, 2009, 2008 and 2007; |
|---------------------------------------------|-------------------------------------------------------------------------------------------------------------|

| ●       | Consolidated Statements of Cash Flows for the years ended December 31, 2009, 2008 and 2007; and |
|---------------------------------------------|-------------------------------------------------------------------------------------------------|

| ●       | Notes to Consolidated Financial Statements. |
|---------------------------------------------|---------------------------------------------|

| ●       | Valuation and Qualifying Accounts and Reserves |
|---------------------------------------------|------------------------------------------------|

----

SIGNATURES

|                | PokerTek, Inc. |                                                           |
|---------------------|----------------|----------------------------------------------------------------|
|                |           |                                                           |   |
| Date: July 16, 2010 | By:            | /s/ Mark D. Roberson                                           |   |
|                |           | Mark D. Roberson                                          |   |
|                |           | Chief Executive Officer, Chief Financial Officer and Treasurer |   |

| /s/    | Mark D. Roberson                                                                            |   | Date:  | July 16, 2010 |   |
|--------|---------------------------------------------------------------------------------------------|--------|--------|---------------|--------|
| Name:  | Mark D. Roberson                                                                            |   |   |          |   |
| Title: | Chief Executive Officer, Chief Financial Officer and Treasurer                              |   |   |          |   |
|   | (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) |   |   |          |   |
|   |                                                                                        |   |   |          |   |
|   |                                                                                        |   |   |          |   |
| /s/    | Lyle A. Berman                                                                              |   | Date:  | July 16, 2010 |   |
| Name:  | Lyle A. Berman                                                                              |   |   |          |   |
| Title: | Chairman of the Board of Directors                                                          |   |   |          |   |
|   |                                                                                        |   |   |          |   |
|   |                                                                                        |   |   |          |   |
| /s/    | Gehrig H. White                                                                             |   | Date:  | July 16, 2010 |   |
| Name:  | Gehrig H. White                                                                             |   |   |          |   |
| Title: | Vice Chairman of the Board of Directors                                                     |   |   |          |   |
|   |                                                                                        |   |   |          |   |
|   |                                                                                        |   |   |          |   |
| /s/    | James T. Crawford, III                                                                      |   | Date:  | July 16, 2010 |   |
| Name:  | James T. Crawford, III                                                                      |   |   |          |   |
| Title: | President, Secretary and Director                                                           |   |   |          |   |
|   |                                                                                        |   |   |          |   |
|   |                                                                                        |   |   |          |   |
| /s/    | Joseph J. Lahti                                                                             |   | Date:  | July 16, 2010 |   |
| Name:  | Joseph J. Lahti                                                                             |   |   |          |   |
| Title: | Director                                                                                    |   |   |          |   |
|   |                                                                                        |   |   |          |   |
|   |                                                                                        |   |   |          |   |
| /s/    | Arthur L. Lomax                                                                             |   | Date:  | July 16, 2010 |   |
| Name:  | Arthur L. Lomax                                                                             |   |   |          |   |
| Title: | Director                                                                                    |   |   |          |   |

----

|                                                                                                       | Page   |
|------------------------------------------------------------------------------------------------------------|--------|
| Report of Independent Registered Public Accounting Firm                                                    | F-2    |
|                                                                                                       |   |
| Consolidated Statements of Operations for the years ended December 31, 2009, 2008 and 2007                 | F-3    |
|                                                                                                       |   |
| Consolidated Balance Sheets as of December 31, 2009 and 2008                                               | F-4    |
|                                                                                                       |   |
| Consolidated Statements of Shareholders’ Equity for the years ended December 31, 2009, 2008 and 2007 | F-5    |
|                                                                                                       |   |
| Consolidated Statements of Cash Flows for the years ended December 31, 2009, 2008 and 2007                 | F-6    |
|                                                                                                       |   |
| Notes to Consolidated Financial Statements                                                                 | F-7    |
|                                                                                                       |   |
| Consolidated Financial Statement Schedules:                                                                |   |
| II. Valuation and Qualifying Accounts and Reserves                                                         | S-1    |

----

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

----

POKERTEK, INC.

|                                                                                       |   | Years Ended December 31, |       |
|--------------------------------------------------------------------------------------------|--------|--------------------------|------------|
|                                                                                       |   | 2009                     |       |   | 2008 |   |   | 2007 |   |
| Revenue:                                                                                   |   |                     |       |   |   |   |   |   |   |
| Gaming                                                                                     |   | $                        | 5,413,822  |   |   | $ | 9,668,656 |   |   | $ | 3,807,244 |   |
| Amusement                                                                                  |   |                     | 1,278,526  |   |   |   | 4,756,068 |   |   |   | 197,447 |   |
|          Total revenue                        |   |                     | 6,692,348  |   |   |   | 14,424,724 |   |   |   | 4,004,691 |   |
|                                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
| Cost of Revenue:                                                                           |   |                     |       |   |   |   |   |   |   |   |   |   |
| Gaming                                                                                     |   |                     | 3,015,451  |   |   |   | 5,699,962 |   |   |   | 3,314,603 |   |
| Amusement                                                                                  |   |                     | 1,194,870  |   |   |   | 3,373,551 |   |   |   | 277,412 |   |
|            Cost of revenue          |   |                     | 4,210,321  |   |   |   | 9,073,513 |   |   |   | 3,592,015 |   |
|                                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
|            Gross profit             |   |                     | 2,482,027  |   |   |   | 5,351,211 |   |   |   | 412,676 |   |
| Operating Expenses:                                                                        |   |                     |       |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative                                                        |   |                     | 5,535,674  |   |   |   | 8,549,878 |   |   |   | 8,867,377 |   |
| Research and development                                                                   |   |                     | 1,210,371  |   |   |   | 2,766,543 |   |   |   | 3,992,449 |   |
| Share-based compensation expense                                                           |   |                     | 759,673    |   |   |   | 1,106,113 |   |   |   | 822,349 |   |
| Depreciation                                                                               |   |                     | 254,699    |   |   |   | 210,260 |   |   |   | 144,717 |   |
|            Total operating expenses |   |                     | 7,760,417  |   |   |   | 12,632,794 |   |   |   | 13,826,892 |   |
|                                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
| Operating loss                                                                             |   |                     | (5,278,390 | ) |   |   | (7,281,583 | ) |   |   | (13,414,216 | ) |
|                                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
| Interest income (expense), net                                                             |   |                     | (287,956   | ) |   |   | (94,285 | ) |   |   | 564,600 |   |
|                                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
| Net loss before income taxes                                                               |   |                     | (5,566,346 | ) |   |   | (7,375,868 | ) |   |   | (12,849,616 | ) |
|                                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
| Income tax provision                                                                       |   |                     | (107,865   | ) |   |   | (262,905 | ) |   |   | - |   |
|                                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                   |   | $                        | (5,674,211 | ) |   | $ | (7,638,773 | ) |   | $ | (12,849,616 | ) |
|                                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
|                                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
| Net loss per common share - basic and diluted                                              |   | $                        | (0.47      | ) |   | $ | (0.70 | ) |   | $ | (1.23 | ) |
|                                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding - basic and diluted                             |   |                     | 11,966,928 |   |   |   | 10,941,117 |   |   |   | 10,462,912 |   |

----

POKERTEK, INC.

|                                                                                                                                                                                |   | December 31, |        |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|-------------|
| Assets                                                                                                                                                                              |   | 2009         |        |   | 2008 |   |
| Current assets:                                                                                                                                                                     |   |         |        |   |   |   |
| Cash and cash equivalents                                                                                                                                                           |   | $            | 636,374     |   |   | $ | 1,481,530 |   |
| Investments                                                                                                                                                                         |   |         | -           |   |   |   | 3,900,000 |   |
| Accounts receivable, net                                                                                                                                                            |   |         | 1,187,668   |   |   |   | 1,600,464 |   |
| Inventory                                                                                                                                                                           |   |         | 2,482,239   |   |   |   | 3,547,099 |   |
| Prepaid expenses and other assets                                                                                                                                                   |   |         | 169,845     |   |   |   | 213,222 |   |
| Total current assets                                                                                                                                                                |   |         | 4,476,126   |   |   |   | 10,742,315 |   |
|                                                                                                                                                                                |   |         |        |   |   |   |   |   |
| Other assets:                                                                                                                                                                       |   |         |        |   |   |   |   |   |
| PokerPro systems, net                                                                                                                                                               |   |         | 2,408,161   |   |   |   | 3,821,376 |   |
| Heads-Up Challenge units, net                                                                                                                                                       |   |         | 570,425     |   |   |   | - |   |
| Property and equipment, net                                                                                                                                                         |   |         | 394,522     |   |   |   | 599,772 |   |
| Other assets                                                                                                                                                                        |   |         | 433,865     |   |   |   | 542,214 |   |
|                                                                                                                                                                                |   |         |        |   |   |   |   |   |
| Total assets                                                                                                                                                                        |   | $            | 8,283,099   |   |   | $ | 15,705,677 |   |
|                                                                                                                                                                                |   |         |        |   |   |   |   |   |
| Liabilities and Shareholders' Equity                                                                                                                                                |   |         |        |   |   |   |   |   |
| Current liabilities:                                                                                                                                                                |   |         |        |   |   |   |   |   |
| Accounts payable                                                                                                                                                                    |   | $            | 518,476     |   |   | $ | 1,590,681 |   |
| Accrued liabilities                                                                                                                                                                 |   |         | 822,784     |   |   |   | 859,179 |   |
| Deferred revenue                                                                                                                                                                    |   |         | 495,767     |   |   |   | 194,051 |   |
| Long-term debt, current portion                                                                                                                                                     |   |         | 26,239      |   |   |   | 2,889,261 |   |
| Total current liabilities                                                                                                                                                           |   |         | 1,863,266   |   |   |   | 5,533,172 |   |
|                                                                                                                                                                                |   |         |        |   |   |   |   |   |
| Long-term liabilities:                                                                                                                                                              |   |         |        |   |   |   |   |   |
| Deferred revenue                                                                                                                                                                    |   |         | 106,939     |   |   |   | - |   |
|     Long-term debt                                                                                                                                              |   |         | 812,396     |   |   |   | 2,038,635 |   |
| Total long-term liabilities                                                                                                                                                         |   |         | 919,335     |   |   |   | 2,038,635 |   |
|                                                                                                                                                                                |   |         |        |   |   |   |   |   |
| Total liabilities                                                                                                                                                                   |   |         | 2,782,601   |   |   |   | 7,571,807 |   |
|                                                                                                                                                                                |   |         |        |   |   |   |   |   |
| Commitments and contingencies                                                                                                                                                       |   |         |        |   |   |   |   |   |
|                                                                                                                                                                                |   |         |        |   |   |   |   |   |
| Shareholders' equity:                                                                                                                                                               |   |         |        |   |   |   |   |   |
| Preferred stock, no par value per share; authorized 5,000,000,none issued and outstanding                                                                                           |   |         | -           |   |   |   | - |   |
| Common stock, no par value per share; authorized 100,000,000shares, issued and outstanding 14,015,658 and 11,021,429 sharesat December 31, 2009 and December 31, 2008, respectively |   |         | -           |   |   |   | - |   |
| Additional paid-in capital                                                                                                                                                          |   |         | 45,500,172  |   |   |   | 42,459,333 |   |
| Accumulated deficit                                                                                                                                                                 |   |         | (39,999,674 | ) |   |   | (34,325,463 | ) |
| Total shareholders' equity                                                                                                                                                          |   |         | 5,500,498   |   |   |   | 8,133,870 |   |
|                                                                                                                                                                                |   |         |        |   |   |   |   |   |
| Total liabilities and shareholders' equity                                                                                                                                          |   | $            | 8,283,099   |   |   | $ | 15,705,677 |   |

----

POKERTEK, INC.

|                                                |   |         |       |   | Additional |   |   |        |   |   | Total         |   |
|-----------------------------------------------------|--------|--------------|------------|--------|------------|--------|--------|-------------|--------|--------|---------------|--------|
|                                                |   | Common Stock |       |   | Paid-in    |   |   | Accumulated |   |   | Shareholders' |   |
|                                                |   | Shares       |       |   | Value      |   |   | Capital     |   |   | Deficit       |   |   | Equity |   |
| Balance, December 31, 2006                          |   |         | 9,472,020  |   |       | $      | -      |        |   | $      | 27,956,685    |   |   | $ | (13,837,074 | ) |   | $ | 14,119,611 |   |
|                                                |   |         |       |   |       |   |   |        |   |   |          |   |   |   |   |   |   |   |   |   |
| Net proceeds from private placement of common stock |   |         | 1,444,444  |   |       |   | -      |        |   |   | 12,507,578    |   |   |   | - |   |   |   | 12,507,578 |   |
| Stock options exercised                             |   |         | 18,000     |   |       |   | -      |        |   |   | 66,608        |   |   |   | - |   |   |   | 66,608 |   |
| Share-based compensation                            |   |         | -          |   |       |   | -      |        |   |   | 822,349       |   |   |   | - |   |   |   | 822,349 |   |
| Net loss                                            |   |         | -          |   |       |   | -      |        |   |   | -             |   |   |   | (12,849,616 | ) |   |   | (12,849,616 | ) |
| Balance, December 31, 2007                          |   |         | 10,934,464 |   |       |   | -      |        |   |   | 41,353,220    |   |   |   | (26,686,690 | ) |   |   | 14,666,530 |   |
|                                                |   |         |       |   |       |   |   |        |   |   |          |   |   |   |   |   |   |   |   |   |
| Stock warrants exercised                            |   |         | 86,965     |   |       |   | -      |        |   |   | -             |   |   |   | - |   |   |   | - |   |
| Share-based compensation                            |   |         | -          |   |       |   | -      |        |   |   | 1,106,113     |   |   |   | - |   |   |   | 1,106,113 |   |
| Net loss                                            |   |         | -          |   |       |   | -      |        |   |   | -             |   |   |   | (7,638,773 | ) |   |   | (7,638,773 | ) |
| Balance, December 31, 2008                          |   |         | 11,021,429 |   |       |   | -      |        |   |   | 42,459,333    |   |   |   | (34,325,463 | ) |   |   | 8,133,870 |   |
|                                                |   |         |       |   |       |   |   |        |   |   |          |   |   |   |   |   |   |   |   |   |
| Net proceeds from private placement of common stock |   |         | 686,090    |   |       |   | -      |        |   |   | 500,000       |   |   |   | - |   |   |   | 500,000 |   |
| Stock issued as payment for inventory               |   |         | 685,000    |   |       |   | -      |        |   |   | 588,250       |   |   |   | - |   |   |   | 588,250 |   |
| Conversion of debt to common stock                  |   |         | 1,445,784  |   |       |   | -      |        |   |   | 1,200,000     |   |   |   | - |   |   |   | 1,200,000 |   |
| Stock issued as payment for interest                |   |         | 56,086     |   |       |   | -      |        |   |   | 43,916        |   |   |   | - |   |   |   | 43,916 |   |
| Stock warrants exercised                            |   |         | 69,754     |   |       |   | -      |        |   |   | -             |   |   |   | - |   |   |   | - |   |
| Share-based compensation                            |   |         | 51,515     |   |       |   | -      |        |   |   | 708,673       |   |   |   | - |   |   |   | 708,673 |   |
| Net loss                                            |   |         | -          |   |       |   | -      |        |   |   | -             |   |   |   | (5,674,211 | ) |   |   | (5,674,211 | ) |
| Balance, December 31, 2009                          |   |         | 14,015,658 |   |       | $      | -      |        |   | $      | 45,500,172    |   |   | $ | (39,999,674 | ) |   | $ | 5,500,498 |   |

----

POKERTEK, INC.

|                                                                                |   | Years Ended December 31, |       |
|-------------------------------------------------------------------------------------|--------|--------------------------|------------|
|                                                                                |   | 2009                     |       |   | 2008 |   |   | 2007 |   |
| Cash flows from operating activities:                                               |   |                     |       |   |   |   |   |   |   |
| Net loss                                                                            |   | $                        | (5,674,211 | ) |   | $ | (7,638,773 | ) |   | $ | (12,849,616 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities:         |   |                     |       |   |   |   |   |   |   |   |   |   |
| Depreciation                                                                        |   |                     | 2,771,889  |   |   |   | 2,793,225 |   |   |   | 2,053,345 |   |
| Amortization                                                                        |   |                     | 72,162     |   |   |   | - |   |   |   | - |   |
| Share-based compensation expense                                                    |   |                     | 759,673    |   |   |   | 1,106,113 |   |   |   | 822,349 |   |
| Provision for accounts and other receivables                                        |   |                     | 44,440     |   |   |   | 14,672 |   |   |   | 47,129 |   |
| Changes in assets and liabilities:                                                  |   |                     |       |   |   |   |   |   |   |   |   |   |
| Accounts and other receivables                                                      |   |                     | 368,356    |   |   |   | (646,600 | ) |   |   | (743,276 | ) |
| Prepaid expenses and other assets                                                   |   |                     | 151,726    |   |   |   | (47,208 | ) |   |   | (158,373 | ) |
| Inventory                                                                           |   |                     | 1,653,110  |   |   |   | (904,618 | ) |   |   | (741,485 | ) |
| PokerPro systems                                                                    |   |                     | (1,176,137 | ) |   |   | (1,412,707 | ) |   |   | (4,250,373 | ) |
| Heads-Up Challenge                                                                  |   |                     | (570,425   | ) |   |   | - |   |   |   | - |   |
| Accounts payable and accrued expenses                                               |   |                     | (1,115,684 | ) |   |   | 420,385 |   |   |   | 1,026,289 |   |
| Deferred revenue                                                                    |   |                     | 408,655    |   |   |   | (205,849 | ) |   |   | 399,900 |   |
| Net cash used in operating activities                                               |   |                     | (2,306,446 | ) |   |   | (6,521,360 | ) |   |   | (14,394,111 | ) |
| Cash flows from investing activities:                                               |   |                     |       |   |   |   |   |   |   |   |   |   |
| Purchases of property and equipment                                                 |   |                     | (49,449    | ) |   |   | (131,713 | ) |   |   | (353,596 | ) |
| Sale of investments                                                                 |   |                     | 3,900,000  |   |   |   | 2,050,000 |   |   |   | 28,600,000 |   |
| Purchase of investments                                                             |   |                     | -          |   |   |   | - |   |   |   | (27,000,000 | ) |
| Net cash provided by investing activities                                           |   |                     | 3,850,551  |   |   |   | 1,918,287 |   |   |   | 1,246,404 |   |
| Cash flows from financing activities:                                               |   |                     |       |   |   |   |   |   |   |   |   |   |
| Proceeds from long-term debt                                                        |   |                     | -          |   |   |   | 2,000,000 |   |   |   | - |   |
| Proceeds from short-term debt                                                       |   |                     | -          |   |   |   | 3,060,443 |   |   |   | - |   |
| Repayments of short-term debt                                                       |   |                     | (2,865,357 | ) |   |   | (195,086 | ) |   |   | - |   |
| Proceeds from issuance of common stock, net of expenses                             |   |                     | 500,000    |   |   |   | - |   |   |   | 12,507,578 |   |
| Proceeds from common stock options exercised                                        |   |                     | -          |   |   |   | - |   |   |   | 66,608 |   |
| Repayments of capital lease                                                         |   |                     | (23,904    | ) |   |   | (10,734 | ) |   |   | - |   |
| Net cash provided by (used in) financing activities                                 |   |                     | (2,389,261 | ) |   |   | 4,854,623 |   |   |   | 12,574,186 |   |
| Net increase (decrease) in cash and cash equivalents                                |   |                     | (845,156   | ) |   |   | 251,550 |   |   |   | (573,521 | ) |
| Cash and cash equivalents, beginning of year                                        |   |                     | 1,481,530  |   |   |   | 1,229,980 |   |   |   | 1,803,501 |   |
| Cash and cash equivalents, end of period                                            |   | $                        | 636,374    |   |   | $ | 1,481,530 |   |   | $ | 1,229,980 |   |
|                                                                                |   |                     |       |   |   |   |   |   |   |   |   |   |
| Supplemental Disclosure of Cash Flow Information                                    |   |                     |       |   |   |   |   |   |   |   |   |   |
| Cash paid for:                                                                      |   |                     |       |   |   |   |   |   |   |   |   |   |
|  Interest                                                                      |   | $                        | 191,718    |   |   | $ | 265,375 |   |   | $ | 4,450 |   |
|      Income taxes                                               |   | $                        | 123,205    |   |   | $ | 242,337 |   |   | $ | - |   |
|                                                                                |   |                     |       |   |   |   |   |   |   |   |   |   |
| Non-cash transactions:                                                              |   |                     |       |   |   |   |   |   |   |   |   |   |
|     Issuance of common shares in satisfaction of long-term debt |   | $                        | 1,200,000  |   |   | $ | - |   |   | $ | - |   |
|     Issuance of common shares as payment for inventory          |   | $                        | 588,250    |   |   | $ | - |   |   | $ | - |   |
|     Issuance of common shares as payment of interest            |   | $                        | 43,916     |   |   | $ | - |   |   | $ | - |   |
|     Capital lease obligation                                    |   | $                        | -          |   |   | $ | 73,273 |   |   | $ | - |   |

----

POKERTEK, INC.

| ●       | Persuasive evidence of an arrangement exists; |
|---------------------------------------------|-----------------------------------------------|

| ●       | The fee is fixed or determinable; |
|---------------------------------------------|-----------------------------------|

| ●       | Delivery has occurred; |
|---------------------------------------------|------------------------|

| ●       | Collectibility is reasonably assured; and |
|---------------------------------------------|-------------------------------------------|

| ●       | Title and risk of loss have passed to the customer. |
|---------------------------------------------|-----------------------------------------------------|

----

----

----

----

| ●       | The pace of growth and the related spending on market penetration, regulatory efforts and related investments in inventory. |
|---------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|

| ●       | The successful transition to a heavier mix of recurring revenue, which generates less upfront cash compared to selling directly to an international distributor but still requires significant investments in inventory. |
|---------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●       | The pace of growth and the related spending on investments in inventory and existing purchase commitments. |
|---------------------------------------------|------------------------------------------------------------------------------------------------------------|

| ●       | The successful transition of its domestic business to a recurring revenue licensing business and balancing that business with product sales internationally to generate cash flow. |
|---------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●       | Management’s ability to control operating expenses as the business grows internationally and becomes more geographically diverse. |
|---------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| ●       | Management’s ability to negotiate favorable payment terms with our customers and vendors.  |
|---------------------------------------------|-------------------------------------------------------------------------------------------------------|

| ●       | Management’s ability to access the capital markets and maintain availability under its credit line. |
|---------------------------------------------|-----------------------------------------------------------------------------------------------------------|

| ●       | The impact of the economy or other factors on customers and suppliers, including the impact on demand for the Company’s products and customers’ ability to pay on a timely basis. |
|---------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                             |   | Level 3Auction RateSecurities |       |   | Level 3Rights Option |   |     | Level 3 Total |   |
|--------------------------------------------------|--------|-------------------------------|------------|--------|----------------------|--------|----------|---------------|--------|
|                                             |   |                          |       |   |                 |   |     |          |   |
| Balance at December 31, 2007                     |   | $                             | -          |   |                 | $      | -        |          |   | $ | - |   |
| Sales, net                                       |   |                          | -          |   |                 |   | -        |          |   |   | - |   |
| Transfers to Level 3                             |   |                          | 3,275,710  |   |                 |   | 624,290  |          |   |   | 3,900,000 |   |
| Included in accumulated other comprehensive loss |   |                          | -          |   |                 |   | -        |          |   |   | - |   |
|                                             |   |                          |       |   |                 |   |     |          |   |   |   |   |
| Balance at  December 31, 2008          |   | $                             | 3,275,710  |   |                 | $      | 624,290  |          |   | $ | 3,900,000 |   |
| Sales, net                                       |   |                          | (3,275,710 | )      |                 |   | (624,290 | )             |   |   | (3,900,000 | ) |
| Transfers to Level 3                             |   |                          | -          |   |                 |   | -        |          |   |   | - |   |
| Included in accumulated other comprehensive loss |   |                          | -          |   |                 |   | -        |          |   |   | - |   |
| Balance at December 31, 2009                     |   | $                             | -          |   |                 | $      | -        |          |   | $ | - |   |

|                         |   | December 31, |      |   | December 31, |   |
|------------------------------|--------|--------------|-----------|--------|--------------|--------|
|                         |   | 2009         |      |   | 2008         |   |
|                         |   |         |      |   |         |   |
| Raw materials and components |   |         | 2,141,139 |   |         | $      | 1,341,933 |   |
| PokerPro systems in process  |   | $            | 458,078   |   |         |   | 611,974 |   |
| Finished goods               |   | $            | 241,858   |   |         |   | 1,859,515 |   |
| Reserve                      |   | $            | (358,836  | )      |         |   | (266,323 | ) |
| Inventory, net               |   | $            | 2,482,239 |   |         | $      | 3,547,099 |   |

|                              |   | December 31, |    |   | December 31, |   |
|-----------------------------------|--------|--------------|---------|--------|--------------|--------|
|                              |   | 2009         |    |   | 2008         |   |
|                              |   |         |    |   |         |   |
| Prepaid expenses                  |   | $            | 103,053 |   |         | $      | 162,249 |   |
| Other                             |   |         | 66,792  |   |         |   | 50,973 |   |
| Prepaid expenses and other assets |   | $            | 169,845 |   |         | $      | 213,222 |   |
|                              |   |         |    |   |         |   |   |   |
| Deferred licensing fees, net      |   | $            | 364,482 |   |         | $      | 488,280 |   |
| Other                             |   |         | 69,383  |   |         |   | 53,934 |   |
| Other assets                      |   | $            | 433,865 |   |         | $      | 542,214 |   |

----

|                           |   | December 31, |       |   | December 31, |   |
|--------------------------------|--------|--------------|------------|--------|--------------|--------|
|                           |   | 2009         |       |   | 2008         |   |
|                           |   |         |       |   |         |   |
| PokerPro systems               |   | $            | 7,831,243  |   |         | $      | 8,749,414 |   |
| Less: accumulated depreciation |   |         | (5,423,082 | )      |         |   | (4,928,038 | ) |
| PokerPro systems, net          |   | $            | 2,408,161  |   |         | $      | 3,821,376 |   |
|                           |   |         |       |   |         |   |   |   |
|                           |   |         |       |   |         |   |   |   |
| Heads-Up Challenge units       |   | $            | 622,263    |   |         | $      | - |   |
| Less: accumulated depreciation |   |         | (51,838    | )      |         |   | - |   |
| Heads-Up Challenge units, net  |   | $            | 570,425    |   |         | $      | - |   |

|                           |   | December 31, |      |   | December 31, |   |
|--------------------------------|--------|--------------|-----------|--------|--------------|--------|
|                           |   | 2009         |      |   | 2008         |   |
|                           |   |         |      |   |         |   |
| Equipment                      |   |         | 759,764   |   |         |   | 722,027 |   |
| Leasehold improvements         |   |         | 199,948   |   |         |   | 189,917 |   |
| Capitalized software           |   |         | 157,067   |   |         |   | 155,387 |   |
|                           |   |         | 1,116,779 |   |         |   | 1,067,331 |   |
| Less: accumulated depreciation |   |         | (722,257  | )      |         |   | (467,559 | ) |
| Property and equipment, net    |   |         | 394,522   |   |         |   | 599,772 |   |

|                                    |   | December 31, |    |   | December 31, |   |
|-----------------------------------------|--------|--------------|---------|--------|--------------|--------|
|                                    |   | 2009         |    |   | 2008         |   |
|                                    |   |         |    |   |         |   |
| Accrued professional fees               |   | $            | 179,968 |   |         | $      | 117,167 |   |
| Other liabilities and customer deposits |   |         | 642,816 |   |         |   | 742,012 |   |
| Accrued liabilities                     |   | $            | 822,784 |   |         | $      | 859,179 |   |

----

|                      |   | December 31, |    |   | December 31, |   |
|---------------------------|--------|--------------|---------|--------|--------------|--------|
|                      |   | 2009         |    |   | 2008         |   |
|                      |   |         |    |   |         |   |
| SVB Credit Facility       |   | $            | -       |   |         | $      | - |   |
| UBS Credit Facility       |   |         | -       |   |         |   | 2,865,357 |   |
| Founders' Loan            |   |         | 800,000 |   |         |   | 2,000,000 |   |
| Capital lease obligation  |   |         | 38,635  |   |         |   | 62,539 |   |
| Total debt                |   |         | 838,635 |   |         |   | 4,927,896 |   |
| Current portion of debt   |   |         | 26,239  |   |         |   | 2,889,261 |   |
| Long-term portion of debt |   | $            | 812,396 |   |         | $      | 2,038,635 |   |

----

----

----

|                |   | 2009          |   | 2008          |   | 2007          |   |
|---------------------|--------|---------------|--------|---------------|--------|---------------|--------|
| Expected Volatility |   | 92% - 162%    |   | 45% - 111%    |   | 45%           |   |
| Expected Dividends  |   | 0             |   | 0             |   | 0             |   |
| Expected Term       |   | 6 yrs         |   | 6 yrs         |   | 5 - 6 yrs     |   |
| Risk-free Rate      |   | 1.82% - 2.71% |   | 1.52% - 3.49% |   | 3.49% - 4.92% |   |

|                             |   |   |       |   | Weighted Average |   |   |                     |   |
|----------------------------------|--------|--------|------------|--------|------------------|--------|--------|--------------------------|--------|
|                             |   | Shares |       |   | ExercisePrice    |   |   | RemainingContractualTerm |   |   | AggregateIntrinsic Value |   |
| Outstanding at December 31, 2008 |   |   | 2,023,263  |   |             | $      | 8.06   |                     |   |   |   |   |   |   |
| Granted                          |   |   | 1,563,500  |   |             |   | 0.81   |                     |   |   |   |   |   |   |
| Exercised                        |   |   | -          |   |             |   | -      |                     |   |   |   |   |   |   |
| Forfeited                        |   |   | (1,508,464 | )      |             |   | 8.23   |                     |   |   |   |   |   |   |
| Expired                          |   |   | -          |   |             |   | -      |                     |   |   |   |   |   |   |
| Outstanding at December 31, 2009 |   |   | 2,078,299  |   |             | $      | 2.48   |                     |   |   | 8.9 |   |   | $ | (3,719,692 | ) |
|                             |   |   |       |   |             |   |   |                     |   |   |   |   |   |   |   |   |
| Exercisable at December 31, 2009 |   |   | 410,088    |   |             | $      | 7.48   |                     |   |   | 6.1 |   |   | $ | (2,783,389 | ) |

|                         |   | Shares |      |   | WeightedAverage GrantDate FV |   |
|------------------------------|--------|--------|-----------|--------|------------------------------|--------|
| Balance at December 31, 2008 |   |   | 795,462   |   |                         | 3.52   |   |
| Granted                      |   |   | 1,563,500 |   |                         | 0.62   |   |
| Forfeited                    |   |   | (484,888  | )      |                         | 3.93   |   |
| Vested                       |   |   | (205,863  | )      |                         | 3.12   |   |
| Balance at December 31, 2009 |   |   | 1,668,211 |   |                         | 0.70   |   |

----

|                                |   | 2009   |    |   | 2008   |   |    | 2007   |   |
|-------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
| Current tax expense:                |   |   |    |   |   |   |    |   |   |
|    Federal           |   | $      | -       |   |   | $      | -       |   |   | $ | - |   |
|    State             |   |   | -       |   |   |   | -       |   |   |   | - |   |
|    Foreign           |   |   | 107,865 |   |   |   | 262,905 |   |   |   | - |   |
|                                |   |   | 107,865 |   |   |   | 262,905 |   |   |   | - |   |
| Deferred tax expense (benefit):     |   |   |    |   |   |   |    |   |   |   |   |   |
|    Federal           |   |   | -       |   |   |   | -       |   |   |   | - |   |
|    State             |   |   | -       |   |   |   | -       |   |   |   | - |   |
|    Foreign           |   |   | -       |   |   |   | -       |   |   |   | - |   |
|                                |   |   | -       |   |   |   | -       |   |   |   | - |   |
| Total income tax expense (benefit): |   |   |    |   |   |   |    |   |   |   |   |   |
|    Federal           |   |   | -       |   |   |   | -       |   |   |   | - |   |
|    State             |   |   | -       |   |   |   | -       |   |   |   | - |   |
|    Foreign           |   |   | 107,865 |   |   |   | 262,905 |   |   |   | - |   |
|                                |   | $      | 107,865 |   |   | $      | 262,905 |   |   | $ | - |   |

|                                                     |   | 2009   |       |   | 2008   |   |       | 2007   |   |
|----------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|--------|
| Federal statutory income tax benefit                     |   | $      | (1,929,231 | )      |   | $      | (2,507,795 | )      |   | $ | (4,368,870 | ) |
| Increases (reductions) in taxes due to:                  |   |   |       |   |   |   |       |   |   |   |   |   |
|    Nondeductible stock-based compensation |   |   | 245,448    |   |   |   | 357,614    |   |   |   | 230,415 |   |
|    State taxes, net of federal benefit    |   |   | (41,858    | )      |   |   | (59,450    | )      |   |   | (220,264 | ) |
|    Research & experimentation credits |   |   | -          |   |   |   | -          |   |   |   | (73,171 | ) |
|    Increase in valuation allowance        |   |   | 1,794,584  |   |   |   | 2,102,751  |   |   |   | 4,234,797 |   |
|    FIN 48 and other                       |   |   | (68,943    | )      |   |   | 106,880    |   |   |   | 202,115 |   |
|    Prior year true-up                     |   |   | -          |   |   |   | -          |   |   |   | (5,022 | ) |
|    Foreign income tax                     |   |   | 107,865    |   |   |   | 262,905    |   |   |   | - |   |
| Income tax expense                                       |   | $      | 107,865    |   |   | $      | 262,905    |   |   | $ | - |   |

----

|                                             |   | 2009   |        |   | 2008   |   |
|--------------------------------------------------|--------|--------|-------------|--------|--------|--------|
| Deferred tax asset:                              |   |   |        |   |   |   |
| Start-up costs capitalization                    |   | $      | 119,762     |   |   | $      | 137,681 |   |
| Loss carryforwards                               |   |   | 10,175,520  |   |   |   | 8,964,573 |   |
| Depreciation                                     |   |   | 2,253,669   |   |   |   | 1,733,491 |   |
| Tax credit carryforwards                         |   |   | 370,770     |   |   |   | 286,244 |   |
| Share-based compensation expense                 |   |   | 169,945     |   |   |   | 156,904 |   |
| Accounts receivable                              |   |   | 55,898      |   |   |   | - |   |
| Inventory                                        |   |   | -           |   |   |   | 32,094 |   |
| Other                                            |   |   | 1,094       |   |   |   | 30,430 |   |
|                                             |   |   | 13,146,658  |   |   |   | 11,341,417 |   |
|                                             |   |   |        |   |   |   |   |   |
| Deferred tax liability:                          |   |   |        |   |   |   |   |   |
| Accounts receivable                              |   |   | -           |   |   |   | (31,045 | ) |
| Inventory                                        |   |   | (66,877     | )      |   |   | - |   |
| Prepaid expenses                                 |   |   | (15,239     | )      |   |   | (40,413 | ) |
|                                             |   |   | (82,116     | )      |   |   | (71,458 | ) |
|                                             |   |   |        |   |   |   |   |   |
|                                             |   |   | 13,064,542  |   |   |   | 11,269,959 |   |
|     Less valuation allowance |   |   | (13,064,542 | )      |   |   | (11,269,959 | ) |
| Net deferred tax asset                           |   | $      | -           |   |   | $      | - |   |

|                                                                    |   | 2009   |     |   | 2008   |   |
|-------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
| Unrecognized tax benefits at January 1                             |   | $      | 537,706  |   |   | $      | 191,896 |   |
|                                                                    |   |   |     |   |   |   |   |   |
|    Gross increases—tax positions in prior period   |   |   | -        |   |   |   | 191,896 |   |
|    Gross decreases—tax positions in prior period   |   |   | (118,799 | )      |   |   | - |   |
|    Gross increases—tax positions in current period |   |   | -        |   |   |   | 153,914 |   |
|    Gross decreases—tax positions in current period |   |   | -        |   |   |   | - |   |
|    Settlements                                           |   |   | -        |   |   |   | - |   |
|                                                                    |   |   |     |   |   |   |   |   |
| Unrecognized tax benefits at December 31                           |   | $      | 418,907  |   |   | $      | 537,706 |   |

----

----

| Year Ending December 31, |   | Amount |    |
|--------------------------|--------|--------|---------|
| 2010                     |   | $      | 181,840 |   |
| 2011                     |   |   | 97,600  |   |
| Thereafter               |   |   | -       |   |
|                     |   | $      | 279,440 |   |

----

----

|                          |   | Gaming |      |   | Amusement |   |      | Corporateand Other |   |   | Total     |   |
|-------------------------------|--------|--------|-----------|--------|-----------|--------|-----------|--------------------|--------|--------|-----------|--------|
|                          |   |   |      |   |      |   |      |               |   |   |      |   |
| 2009                          |   |   |      |   |      |   |      |               |   |   |      |   |
|                          |   |   |      |   |      |   |      |               |   |   |      |   |
| Revenue                       |   | $      | 5,413,822 |   |      | $      | 1,278,526 |               |   | $      | -         |   |   | $ | 6,692,348 |   |
| Cost of revenue               |   |   | 3,015,451 |   |      |   | 1,194,870 |               |   |   | -         |   |   |   | 4,210,321 |   |
| Gross profit                  |   |   | 2,398,371 |   |      |   | 83,656    |               |   |   | -         |   |   |   | 2,482,027 |   |
| Depreciation and amortization |   |   | 2,537,514 |   |      |   | 114,421   |               |   |   | 192,116   |   |   |   | 2,844,051 |   |
| Capital expenditures          |   |   | -         |   |      |   | 37,738    |               |   |   | 11,711    |   |   |   | 49,449 |   |
| Assets at December 31, 2009   |   |   | 5,392,785 |   |      |   | 1,906,962 |               |   |   | 983,352   |   |   |   | 8,283,099 |   |
|                          |   |   |      |   |      |   |      |               |   |   |      |   |   |   |   |   |
| 2008                          |   |   |      |   |      |   |      |               |   |   |      |   |   |   |   |   |
|                          |   |   |      |   |      |   |      |               |   |   |      |   |   |   |   |   |
| Revenue                       |   | $      | 9,668,656 |   |      | $      | 4,756,068 |               |   | $      | -         |   |   | $ | 14,424,724 |   |
| Cost of revenue               |   |   | 5,699,962 |   |      |   | 3,373,551 |               |   |   | -         |   |   |   | 9,073,513 |   |
| Gross profit                  |   |   | 3,968,694 |   |      |   | 1,382,517 |               |   |   | -         |   |   |   | 5,351,211 |   |
| Depreciation and amortization |   |   | 2,582,965 |   |      |   | 56,217    |               |   |   | 154,043   |   |   |   | 2,793,225 |   |
| Capital expenditures          |   |   | -         |   |      |   | 39,420    |               |   |   | 92,293    |   |   |   | 131,713 |   |
| Assets at December 31, 2008   |   |   | 7,349,974 |   |      |   | 2,537,691 |               |   |   | 5,818,012 |   |   |   | 15,705,677 |   |
|                          |   |   |      |   |      |   |      |               |   |   |      |   |   |   |   |   |
| 2007                          |   |   |      |   |      |   |      |               |   |   |      |   |   |   |   |   |
|                          |   |   |      |   |      |   |      |               |   |   |      |   |   |   |   |   |
| Revenue                       |   | $      | 3,807,244 |   |      | $      | 197,447   |               |   | $      | -         |   |   | $ | 4,004,691 |   |
| Cost of revenue               |   |   | 3,314,603 |   |      |   | 277,412   |               |   |   | -         |   |   |   | 3,592,015 |   |
| Gross profit                  |   |   | 492,641   |   |      |   | (79,965   | )                  |   |   | -         |   |   |   | 412,676 |   |
| Depreciation and amortization |   |   | 1,908,628 |   |      |   | 23,531    |               |   |   | 121,186   |   |   |   | 2,053,345 |   |
| Capital expenditures          |   |   | -         |   |      |   | 248,217   |               |   |   | 105,379   |   |   |   | 353,596 |   |
| Assets at December 31, 2007   |   |   | 8,107,046 |   |      |   | 1,444,591 |               |   |   | 7,544,268 |   |   |   | 17,095,905 |   |

|                                              |   | 2009   |      |   | 2008   |   |       | 2007   |   |
|---------------------------------------------------|--------|--------|-----------|--------|--------|--------|------------|--------|--------|
| Revenue:                                          |   |   |      |   |   |   |       |   |   |
|      United States       |   | $      | 4,585,793 |   |   | $      | 5,299,984  |   |   | $ | 2,235,738 |   |
|      Europe              |   |   | 582,577   |   |   |   | 3,173,800  |   |   |   | 452,969 |   |
|      Canada              |   |   | 999,111   |   |   |   | 3,054,253  |   |   |   | 43,000 |   |
|      Australia           |   |   | 387,326   |   |   |   | 2,678,414  |   |   |   | 1,155,180 |   |
|      Other International |   |   | 137,541   |   |   |   | 218,273    |   |   |   | 117,804 |   |
|                                              |   | $      | 6,692,348 |   |   | $      | 14,424,724 |   |   | $ | 4,004,691 |   |

----

|                                        |   | 2009   |      |   | 2008   |   |      | 2007   |   |
|---------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
| Long-lived assets, end of year              |   |   |      |   |   |   |      |   |   |
|      United States |   | $      | 2,175,112 |   |   | $      | 3,513,275 |   |   | $ | 4,216,568 |   |
|      Mexico        |   |   | 983,961   |   |   |   | -         |   |   |   | - |   |
|      Canada        |   |   | 490,933   |   |   |   | 1,231,518 |   |   |   | 1,506,245 |   |
|      Other         |   |   | 156,967   |   |   |   | 218,569   |   |   |   | 250,896 |   |
|                                        |   | $      | 3,806,973 |   |   | $      | 4,963,362 |   |   | $ | 5,973,709 |   |

----

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

|                            |   | Balance atBeginning ofPeriod |    |   | AdditionsCharged toCosts andExpenses |   |    | Charged toOtherAccounts |   |   | Deductions(Chargeoffs) |   |   | Balance atEnd ofPeriod |   |
|---------------------------------|--------|------------------------------|---------|--------|--------------------------------------|--------|---------|-------------------------|--------|--------|------------------------|--------|--------|------------------------|--------|
|                            |   |                         |    |   |                                 |   |    |                    |   |   |                   |   |   |                   |   |
| ALLOWANCE FOR DOUBTFUL ACCOUNTS |   |                         |    |   |                                 |   |    |                    |   |   |                   |   |   |                   |   |
|                            |   |                         |    |   |                                 |   |    |                    |   |   |                   |   |   |                   |   |
| Year ended December 31, 2009    |   | $                            | 81,403  |   |                                 | $      | 44,440  |                    |   | $      | 31,327                 |   |   | $                      | -      |   |   | $ | 157,170 |   |
| Year ended December 31, 2008    |   |                         | 21,062  |   |                                 |   | 14,672  |                    |   |   | 45,669                 |   |   |                   | -      |   |   |   | 81,403 |   |
| Year ended December 31, 2007    |   |                         | 19,301  |   |                                 |   | 47,129  |                    |   |   | -                      |   |   |                   | 45,368 |   |   |   | 21,062 |   |
|                            |   |                         |    |   |                                 |   |    |                    |   |   |                   |   |   |                   |   |   |   |   |   |   |
| INVENTORY RESERVE               |   |                         |    |   |                                 |   |    |                    |   |   |                   |   |   |                   |   |   |   |   |   |   |
|                            |   |                         |    |   |                                 |   |    |                    |   |   |                   |   |   |                   |   |   |   |   |   |   |
| Year ended December 31, 2009    |   | $                            | 266,323 |   |                                 | $      | 92,513  |                    |   | $      | -                      |   |   | $                      | -      |   |   | $ | 358,836 |   |
| Year ended December 31, 2008    |   |                         | 69,442  |   |                                 |   | 196,881 |                    |   |   | -                      |   |   |                   | -      |   |   |   | 266,323 |   |
| Year ended December 31, 2007    |   |                         | -       |   |                                 |   | 69,442  |                    |   |   | -                      |   |   |                   | -      |   |   |   | 69,442 |   |

----

| ExhibitNo. | Description                                                                                                                                                                                                                                                               |
|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       |                                                                                                                                                                                                                                                                      |
| 2.1        | Plan of Merger of PokerTek, LLC with and into PokerTek, Inc. (f/k/a National Card Club Corporation), dated July 27, 2004 (incorporated by reference to Exhibit 2.1 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).                   |
|       |                                                                                                                                                                                                                                                                      |
| 3.1        | Restated Articles of Incorporation (incorporated by reference to Exhibit 3.1 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).                                                                                                         |
|       |                                                                                                                                                                                                                                                                      |
| 3.2        | Bylaws (as amended and restated through July 29, 2005) (incorporated by reference to Exhibit 3.2 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).                                                                                     |
|       |                                                                                                                                                                                                                                                                      |
| 4.1        | Specimen Common Stock certificate (incorporated by reference to Exhibit 4.1 to Amendment No. 2 to our Registration Statement on Form S-1 filed on October 5, 2005  (No. 333-127181)).                                                                           |
|       |                                                                                                                                                                                                                                                                      |
| 4.2        | Securities Purchase Agreement by and among PokerTek, Inc. and the investors listed on the Schedule of Buyers attached thereto, dated as of April 23, 2007 (incorporated by reference to Exhibit 4.1 to our Current Report on Form 8-K filed on April 27, 2007).           |
|       |                                                                                                                                                                                                                                                                      |
| 4.3        | Form of Warrant to Purchase Common Stock (incorporated by reference to Exhibit 4.2 to our Current Report on Form 8-K filed on April 27, 2007).                                                                                                                            |
|       |                                                                                                                                                                                                                                                                      |
| 4.4        | Registration Rights Agreement, by and among PokerTek, Inc. and the Buyers listed therein, dated as of April 26, 2007 (incorporated by reference to Exhibit 4.3 to our Current Report on Form 8-K filed on April 27, 2007).                                                |
|       |                                                                                                                                                                                                                                                                      |
| 10.1       | Option Agreement between World Poker Tour, LLC and PokerTek, Inc. (as successor to PokerTek, LLC), dated April 7, 2004 (incorporated by reference to Exhibit 10.1 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).                    |
|       |                                                                                                                                                                                                                                                                      |
| 10.2       | Amendment to Option Agreement between World Poker Tour, LLC and PokerTek, Inc. (as successor to PokerTek, LLC), dated as of June 10, 2004 (incorporated by reference to Exhibit 10.2 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)). |
|       |                                                                                                                                                                                                                                                                      |
| 10.3       | Amendment Two to Option Agreement between PokerTek, Inc. and WPT Enterprises, Inc., dated as of April 23, 2007 (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on May 14, 2007).                                                       |
|       |                                                                                                                                                                                                                                                                      |
| 10.4       | Non-Exclusive Software License Agreement between PokerTek, Inc. and Standing Stone Gaming, LLC, dated as of January 26, 2005 (incorporated by reference to Exhibit 10.3 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).              |
|       |                                                                                                                                                                                                                                                                      |
| 10.5       | Office/Warehouse Lease Agreement between PokerTek, Inc. and AdBel, Ltd., dated March 28, 2005 (incorporated by reference to Exhibit 10.4 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).                                             |
|       |                                                                                                                                                                                                                                                                      |
| 10.6       | Trademark Assignment Agreement among PokerTek, Inc., James T. Crawford and Gehrig H. White, effective July 13, 2005 (incorporated by reference to Exhibit 10.5 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).                       |
|       |                                                                                                                                                                                                                                                                      |
| 10.7       | PokerTek, Inc. 2007 Stock Incentive Plan (incorporated by reference to Exhibit 99 to our Registration Statement on Form S-8 filed on June 6, 2007 (No. 333-143552)).*                                                                                                     |
|       |                                                                                                                                                                                                                                                                      |
| 10.8       | Form of Employee Incentive Stock Option Agreement for PokerTek, Inc. 2007 Stock Incentive Plan (incorporated by reference to Exhibit 10.3 to our Form 10-Q for the quarterly period ending June 30, 2007 filed on August 14, 2007).*                                      |

----

| ExhibitNo. | Description                                                                                                                                                                                                                                            |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.9       | Form of Employee Nonqualified Stock Option Agreement for PokerTek, Inc. 2007 Stock Incentive Plan (incorporated by reference to Exhibit 10.4 to our Form 10-Q for the quarterly period ending June 30, 2007 filed on August 14, 2007).*                |
|       |                                                                                                                                                                                                                                                   |
| 10.10      | Form of Director Nonqualified Stock Option Agreement for PokerTek, Inc. 2007 Stock Incentive Plan (incorporated by reference to Exhibit 10.5 to our Form 10-Q for the quarterly period ending June 30, 2007 filed on August 14, 2007).*                |
|       |                                                                                                                                                                                                                                                   |
| 10.11      | Form of Independent Contractor Nonqualified Stock Option Agreement for PokerTek, Inc. 2007 Stock Incentive Plan (incorporated by reference to Exhibit 10.6 to our Form 10-Q for the quarterly period ending June 30, 2007 filed on August 14, 2007).*  |
|       |                                                                                                                                                                                                                                                   |
| 10.12      | Form of Restricted Stock Award Agreement for PokerTek, Inc. 2007 Stock Incentive Plan (incorporated by reference to Exhibit 10.7 to our Form 10-Q for the quarterly period ending June 30, 2007 filed on August 14, 2007).*                            |
|       |                                                                                                                                                                                                                                                   |
| 10.13      | PokerTek, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.6 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).*                                                                              |
|       |                                                                                                                                                                                                                                                   |
| 10.14      | Form of Stock Option Agreement for PokerTek, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.7 to Amendment No. 1 to our Registration Statement on Form S-1 filed on September 13, 2005 (No. 333-127181)).*                    |
|       |                                                                                                                                                                                                                                                   |
| 10.15      | Form of Non-Employee Director Stock Option Agreement for PokerTek, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 99.2 to our Current Report on Form 8-K filed on March 6, 2006).*                                               |
|       |                                                                                                                                                                                                                                                   |
| 10.16      | PokerTek, Inc. 2004 Stock Incentive Plan (as amended and restated through July 29, 2005) (incorporated by reference to Exhibit 10.8 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).*                              |
|       |                                                                                                                                                                                                                                                   |
| 10.17      | Form of Stock Option Agreement for 2004 Stock Incentive Plan (incorporated by reference to Exhibit 10.9 to our Registration Statement on Form S-1 filed on August 4, 2005  (No. 333-127181)).*                                               |
|       |                                                                                                                                                                                                                                                   |
| 10.18      | Employment Agreement by and between PokerTek, Inc. and Christopher J.C. Halligan, dated January 17, 2008 (incorporated by reference to Exhibit 10.18 to our Form 10-K for the fiscal year ended December 31, 2007 filed on March 31, 2008).*           |
|       |                                                                                                                                                                                                                                                   |
| 10.19      | Employment Agreement by and between PokerTek, Inc. and Mark D. Roberson, dated January 17, 2008 (incorporated by reference to Exhibit 10.19 to our Form 10-K for the fiscal year ended December 31, 2007 filed on March 31, 2008)..*                   |
|       |                                                                                                                                                                                                                                                   |
| 10.20      | Key Employee Agreement between PokerTek, Inc. and Hal J. Shinn, dated as of August 9, 2004 (incorporated by reference to Exhibit 10.12 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).*                           |
|       |                                                                                                                                                                                                                                                   |
| 10.21      | Amendment to Key Employee Agreement between PokerTek, Inc. and Hal J. Shinn, effective as of July 1, 2005 (incorporated by reference to Exhibit 10.13 to our Registration Statement on Form S-1 filed on August 4, 2005  (No. 333-127181)).* |
|       |                                                                                                                                                                                                                                                   |
| 10.22      | Extension to Key Employee Agreement between PokerTek, Inc. and Hal J. Shinn, effective as of August 9, 2006 (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on April 13, 2007).*                                    |
|       |                                                                                                                                                                                                                                                   |
| 10.23      | Indemnification Agreement between PokerTek, Inc. and Lyle A. Berman, effective as of January 31, 2005 (incorporated by reference to Exhibit 10.14 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).*                |
|       |                                                                                                                                                                                                                                                   |
| 10.24      | Board Member Agreement between PokerTek, Inc. and Lyle A. Berman, dated January 31, 2005 (incorporated by reference to Exhibit 10.20 on our Form 10-K for the fiscal year ended December 31, 2005 filed on March 16, 2006).*                           |
|       |                                                                                                                                                                                                                                                   |
| 10.25      | Board Member Agreement between PokerTek, Inc. and Joseph J. Lahti, dated March 2, 2006 (incorporated by reference to Exhibit 99.1 to our Current Report on Form 8-K filed on March 6, 2006).*                                                          |

----

| ExhibitNo. | Description                                                                                                                                                                                                                                                                                                                                                                                                                          |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.26      | Form of Subscription Agreement for PokerTek, Inc. (incorporated by reference to Exhibit 10.16 to our Registration Statement on Form S-1 filed on August 4, 2005 (No. 333-127181)).                                                                                                                                                                                                                                                   |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.27      | Form of Warrant Agreement between PokerTek, Inc. and Feltl and Company (incorporated by reference to Exhibit A to Exhibit 1.1 to Amendment No. 1 to our Registration Statement on Form S-1 filed on September 13, 2005 (No. 333-127181)).                                                                                                                                                                                            |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.28      | PokerPro Software Licensing Agreement between PokerTek, Inc. and Seminole Tribe of Florida, dated September 1, 2005 (incorporated by reference to Exhibit 10.19 to Amendment No. 2 to our Registration Statement on Form S-1 filed on October 5, 2005 (No. 333-127181)).                                                                                                                                                             |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.29      | Distribution Agreement between PokerTek, Inc. and Aristocrat International Pty. Limited and its Affiliates, dated January 20, 2006 (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on January 26, 2006).                                                                                                                                                                                          |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.30      | Client’s Agreement by and between PokerTek, Inc. and UBS Financial Services, Inc., entered into on March 19, 2008 (incorporated by reference to Exhibit 10.3 to our Form 10-Q for the quarterly period ended March 31, 2008 filed on May 15, 2008).                                                                                                                                                                            |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.31      | Note Purchase Agreement by and between PokerTek, Inc. and Lyle A. Berman, James T. Crawford, Arthur L. Lomax and Gehrig H. White, dated March 24, 2008 (incorporated by reference to Exhibit 10.4 to our Form 10-Q for the quarterly ended March 31, 2008 filed on May 15, 2008).                                                                                                                                                    |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.32      | Loan and Security Agreement, effective July 25, 2008, between PokerTek, Inc. and Silicon Valley Bank (incorporated by reference to Exhibit 10.1 to our Form 10-Q for the quarterly period ended June 30, 2008 filed August 14, 2008).                                                                                                                                                                                                |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.33      | Export-Import Bank Loan and Security Agreement, dated July 25, 2008, between PokerTek, Inc. and Silicon Valley Bank (incorporated by reference to Exhibit 10.2 to our Form 10-Q for the quarterly period ended June 30, 2008 filed August 14, 2008).                                                                                                                                                                                 |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.34      | Borrower Agreement, dated July 25, 2008, made and entered into by PokerTek, Inc. in favor of the Export-Import Bank of the United States and Silicon Valley Bank (incorporated by reference to Exhibit 10.3 to our Form 10-Q for the quarterly period ended June 30, 2008 filed on August 14, 2008).                                                                                                                                 |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.35      | Credit Line Agreement between PokerTek, Inc. and UBS Bank USA, dated August 13, 2008 (incorporated by reference to Exhibit 10.4 to our Form 10-Q for the quarterly period ended September 30, 2008 filed on November 13, 2008).                                                                                                                                                                                                      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.36      | (a) UBS Offer relating to Auction Rate Securities; (b) PokerTek, Inc. Acceptance Form (incorporated by reference to Exhibit 10.5 to our Form 10-Q for the quarterly period ended September 30, 2008 filed on November 13, 2008).                                                                                                                                                                                                     |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.37      | Letter Agreement, dated November 17, 2008 and accepted by PokerTek, Inc. on November 24, 2008, between PokerTek, Inc. and each of Janus Venture Fund (a series of Janus Investment Fund), Janus US Venture Fund (a series of Janus Capital Funds Plc), and Small Cap Growth Portfolio (a series of Ohio National Fund Inc.) (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K filed on December 2, 2008). |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.38      | Letter Agreement, dated November 13, 2008 and accepted by PokerTek, Inc. on November 24, 2008, between PokerTek, Inc. and each of SRB Greenway Capital (QP), L.P., SRB Greenway Capital, L.P. and SRB Greenway Offshore Operating Fund, L.P. (incorporated by reference to Exhibit 10.2 to our Current Report on Form 8-K filed on December 2, 2008).                                                                                |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.39      | Letter Agreement, dated November 17, 2008 and accepted by PokerTek, Inc. on November 24, 2008, between PokerTek, Inc. and Warrant Strategies Fund, LLC (incorporated by reference to Exhibit 10.3 to our Current Report on Form 8-K filed on December 2, 2008).                                                                                                                                                                      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.40      | Distribution Agreement between PokerTek, Inc. and Aristocrat International Pty. Limited and its Affiliates, dated November 24, 2008.                                                                                                                                                                                                                                                                                                 |

----

| ExhibitNo. | Description                                                                                                                                                                                                                                                                                                                     |
|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.41      | First Amendment to Loan and Security Agreement, dated December 23, 2008, between PokerTek, Inc. and Silicon Valley Bank (incorporated by reference to Exhibit 10.1 to our Form 10-Q for the quarterly period ended March 31, 2009 filed on May 14, 2009).                                                                       |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.42      | First Amendment to Export-Import Bank Loan and Security Agreement, dated December 23, 2008, between PokerTek, Inc. and Silicon Valley Bank (incorporated by reference to Exhibit 10.2 to our Form 10-Q for the quarterly period ended March 31, 2009 filed on May 14, 2009).                                                    |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.43      | Second Amendment to Loan and Security Agreement, dated July 23, 2009, between PokerTek, Inc. and Silicon Valley Bank (incorporated by reference to Exhibit 10.1 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                        |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.44      | Second Amendment to Export-Import Bank Loan and Security Agreement, dated July 23, 2009, between PokerTek, Inc. and Silicon Valley Bank (incorporated by reference to Exhibit 10.2 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                     |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.45      | Board Member Agreement, dated July 15, 2009, between PokerTek, Inc. and Lyle A. Berman (incorporated by reference to Exhibit 10.3 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                      |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.46      | Board Member Agreement, dated July 15, 2009, between PokerTek, Inc. and Gehrig H. White (incorporated by reference to Exhibit 10.4 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                     |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.47      | Board Member Agreement, dated July 15, 2009, between PokerTek, Inc. and Joseph J. Lahti (incorporated by reference to Exhibit 10.5 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                     |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.48      | Board Member Agreement, dated July 15, 2009, between PokerTek, Inc. and Arthur L. Lomax (incorporated by reference to Exhibit 10.6 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                     |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.49      | Indemnification Agreement, dated July 15, 2009, between PokerTek, Inc. and Joseph J. Lahti (incorporated by reference to Exhibit 10.7 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                  |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.50      | Indemnification Agreement, dated July 15, 2009, between PokerTek, Inc. and Arthur L. Lomax (incorporated by reference to Exhibit 10.8 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                  |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.51      | Indemnification Agreement, dated July 15, 2009, between PokerTek, Inc. and James T. Crawford (incorporated by reference to Exhibit 10.9 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.52      | Indemnification Agreement, dated July 15, 2009, between PokerTek, Inc. and Gehrig H. White (incorporated by reference to Exhibit 10.10 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                 |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.53      | Indemnification Agreement, dated July 15, 2009, between PokerTek, Inc. and Mark D. Roberson (incorporated by reference to Exhibit 10.11 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.54      | Employment Agreement dated July 16, 2009, between PokerTek, Inc. and Mark D. Roberson (incorporated by reference to Exhibit 10.12 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                      |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.55      | Employment Agreement dated July 16, 2009, between PokerTek, Inc. and James T. Crawford (incorporated by reference to Exhibit 10.13 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009).                                                                                                     |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.56      | Amendment No. 1 to a $2.0 million Secured Promissory Note between PokerTek, Inc. and Lyle A. Berman, Gehrig H. White, James T. Crawford, and Arthur L. Lomax, effective as of July 9, 2009 (incorporated by reference to Exhibit 10.14 to our Form 10-Q for the quarterly period ended June 30, 2009 filed on August 14, 2009). |
|       |                                                                                                                                                                                                                                                                                                                            |
| 10.57      | Offer to Exchange Certain Outstanding Stock Options for New Stock Options, dated September 8, 2009 and Election Form (incorporated by reference to Exhibit 10.1 to our Form 10-Q for the quarterly period ended September 30, 2009 filed on November 13, 2009).                                                                 |

----

| ExhibitNo. | Description                                                                                                                                                                                                                                                                          |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.58      | Amendment No. 2 to Secured Promissory Note and Amendment No. 1 to Note Purchase Agreement and Security Agreement, dated September 10, 2009(incorporated by reference to Exhibit 10.2 to our Form 10-Q for the quarterly period ended September 30, 2009 filed on November 13, 2009). |
|       |                                                                                                                                                                                                                                                                                 |
| 10.59      | Subscription Agreements, dated August 28, 2009, relating to the sale of a total of 686,090 shares of the Registrant's Common Stock (incorporated by reference to Exhibit 10.3 to our Form 10-Q for the quarterly period ended September 30, 2009 filed on November 13, 2009).        |
|       |                                                                                                                                                                                                                                                                                 |
| 10.60      | Stock Purchase Agreement between the Registrant and ICP Electronics, Inc., dated August 13, 2009 (incorporated by reference to Exhibit 10.4 to our Form 10-Q for the quarterly period ended September 30, 2009 filed on November 13, 2009).                                          |
|       |                                                                                                                                                                                                                                                                                 |
| 10.61      | PokerTek, Inc. 2009 Stock Incentive Plan (incorporated by reference to Appendix A to our Definitive Schedule 14A filed on August 7, 2009).*                                                                                                                                          |
|       |                                                                                                                                                                                                                                                                                 |
| 21         | List of Subsidiaries.                                                                                                                                                                                                                                                                |
|       |                                                                                                                                                                                                                                                                                 |
| 31.1       | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                      |
|       |                                                                                                                                                                                                                                                                                 |
| 32.1       | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                      |
|       |                                                                                                                                                                                                                                                                                 |
| *          | Compensatory plan or arrangement or management contract                                                                                                                                                                                                                              |