|UNITED STATES
			 SECURITIES AND EXCHANGE
				COMMISSIONWashington, DC 20549
			 Form 10-Q
			 [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR
				15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			 For the quarterly period ended September 30,
				2008
			 OR
			 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR
				15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			 For the transition period from _____________to
				_____________
			 Commission File Number 0-28383
			 Table Trac, Inc.(Exact name of small business issuer as specified in its
				charter)
			 Nevada - - - - - - - - - - - - - - - - - - -
				- - - - -- - - - - - - - - - - - 88-0336568 (State or other
				jurisdiction of Incorporation or organization) -- - -(IRS Employer
				Identification No.)
			 15612 Highway 7,  Suite 331 Minnetonka, 
				Minnesota 55345 (Address of principal executive offices)
			 (952) 548-8877(Registrant's telephone number,
				including area code)
			 Indicate by check mark whether the registrant (1)
				has filed all reports required to be filed by Section 13 or 15(d) of the
				Securities Exchange Act of 1934 during the preceding 12 months, (or for such
				shorter period that the registrant was required to file such reports) and (2)
				has been subject to such filing requirements for the past 90 days.
			 Yes X No--
			 Indicate by check mark whether the registrant is a
				large accelerated filer, an accelerated filer, a non accelerated filer or a
				smaller reporting company. See definition of "accelerated filer" and "large
				accelerated filer" in Rule 12b-2 of the Exchange Act.
			 Large Accelerated Filer { } Accelerated Filer { }
				Non-accelerated Filer { } Smaller Reporting Company {X}
			 Indicate by check mark whether the registrant is a
				shell company (as defined in Rule 12b-2 of the Exchange Act).
			 Yes { } No {X}
			 As of November 9, 2008, the Company had
				outstanding 4,162,234 shares of common stock, $.001 par value.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

In this quarterly report, references to "the Company,"
		"Table Trac," "we," "us" and "our" refer to Table Trac, Inc.

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

TABLE TRAC, INC.CONDENSED BALANCE SHEETS

(Unaudited)

|                                                                                                                                                                      | September 30, 2008 | December 31, 2007 *
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------ | -------------------
|ASSETS                                                                                                                                                                |                    |                    
|Current assets:                                                                                                                                                       |                    |                    
|Cash                                                                                                                                                                  | $1,201,747         | $610,155           
|Accounts receivable, net                                                                                                                                              | 1,519,498          | 1,021,346          
|Inventory                                                                                                                                                             | 482,125            | 162,559            
|Prepaid expenses                                                                                                                                                      | 8,143              | 12,043             
|Total current assets                                                                                                                                                  | 3,211,513          | 1,806,103          
|                                                                                                                                                                      |                    |                    
|Equipment, net of accumulated depreciation                                                                                                                            | 30,382             | - 0 -              
|Patent, net of accumulated amortization                                                                                                                               | 11,532             | 12,555             
|Deferred tax asset                                                                                                                                                    | - 0 -              | 136,000            
|Long term accounts receivable - financed
			 contracts                                                                                                                | 121,000            | 152,600            
|Total assets                                                                                                                                                          | $3,374,427         | $2,107,258         
|                                                                                                                                                                      |                    |                    
|LIABILITIES AND STOCKHOLDERS EQUITY                                                                                                                                  |                    |                    
|Current liabilities:                                                                                                                                                  |                    |                    
|Accounts payable                                                                                                                                                      | $ 90,839           | $ 65,509           
|Accrued payroll and related                                                                                                                                           | 17,376             | 36,423             
|Deferred revenue                                                                                                                                                      | 485,301            | 169,353            
|Income taxes payable                                                                                                                                                  | 161,500            | - 0 -              
|Deferred tax liability                                                                                                                                                | 617,000            | 421,000            
|Total current liabilities                                                                                                                                             | 1,372,016          | 692,285            
|                                                                                                                                                                      |                    |                    
|Stockholders equity:                                                                                                                                                 |                    |                    
|Common stock, $0.001 par value; 5,000,000 shares
			 authorized: 4,162,234 shares issued and outstanding at September 30, 2008 and
			 4,156,234 at December 31, 2007 | 4,162              | 4,156              
|Additional paid in capital                                                                                                                                            | 1,398,254          | 1,382,510          
|Retained earnings                                                                                                                                                     | 599,995            | 28,307             
|Total stockholders equity                                                                                                                                            | 2,002,411          | 1,414,973          
|                                                                                                                                                                      |                    |                    
|Total liabilities and stockholders equity                                                                                                                            | $3,374,427         | $2,107,258         

(*) The Balance Sheet at December 31, 2007 has been derived
		from the audited financial statements at that date but does not include all of
		the information and footnotes required by generally accepted accounting
		principles for complete financial statements.

The accompanying notes are an integral part of these
		financial statements.

TABLE TRAC,
		INC.CONDENSED STATEMENTS OF OPERATIONS

Unaudited



|                                             |  | Three Months Ended | Nine Months Ended
|-------------------------------------------- |  | ------------------ | -----------------
|                                             |  | Sept 30, '08       |                  
|Net sales                                    |  | $ 1,011,991        |                  
|Cost of sales                                |  | 147,791            |                  
|Gross profit                                 |  | 864,200            |                  
|Selling, general and administrative expenses |  | 466,126            |                  
|Income from operations                       |  | 398,074            |                  
|                                             |  |                    |                  
|Interest income                              |  | 16,446             |                  
|Net income before taxes                      |  | 414,520            |                  
|Income tax expense                           |  | 161,500            |                  
|Net income                                   |  | 253,020            |                  
|Basic earnings per share                     |  | $ 0.06             |                  
|Weighted average basic shares outstanding    |  | 4,162,234          |                  
|Diluted earnings per share                   |  | $ 0.06             |                  
|Weighted average diluted shares              |  | 4,486,753          |                  
|Cash dividends paid per common share         |  | $0.00              |                  

The accompanying notes are an integral part of these
		financial statements.

TABLE TRAC, INC.
		CONDENSED STATEMENTS OF CASH FLOWS

Unaudited

|                                                                                                  | Nine Months EndedSept. 30,
			 2008 | Nine Months Ended Sept 30,
			 2007
|------------------------------------------------------------------------------------------------- | ----------------------------------- | -----------------------------------
|Cash flows from operating activities:                                                             |                                     |                                    
|Net income                                                                                        | $ 779,500                           | $ 715,203                          
|Adjustments to reconcile net income to cash flows
			 provided by (used in) operating activities: |                                     |                                    
|Depreciation and amortization                                                                     | 5,707                               | 1,023                              
|Deferred income taxes                                                                             | 332,000                             | 405,700                            
|Allowance for doubtful accounts                                                                   | 40,000                              | - 0 -                              
|Non-cash stock compensation expense                                                               | 15,750                              | 14,000                             
|Changes in operating assets and liabilities:                                                      |                                     |                                    
|Increase in accounts receivable                                                                   | (506,552)                           | (1,425,488)                        
|(Increase) in inventory                                                                           | (319,566)                           | (10,971)                           
|(Increase) decrease in prepaid expenses                                                           | 3,900                               | 7,485                              
|Increase in accounts payable                                                                      | 25,330                              | 3,086                              
|Increase (decrease) in accrued payroll and related                                                | (19,047)                            | 17,715                             
|Increase (decrease) in deferred revenue                                                           | 315,948                             | 93,391                             
|Increase in income taxes payable                                                                  | 161,500                             | - 0 -                              
|Net cash flows provided by (used in) operating
			 activities                                     | 834,470                             | (178,856)                          
|                                                                                                  |                                     |                                    
|Cash flows from investing activities                                                              |                                     |                                    
|Purchase of equipment                                                                             | (35,066)                            | - 0 -                              
|                                                                                                  |                                     |                                    
|Cash flows from financing activites                                                               |                                     |                                    
|Cash dividend paid                                                                                | (207,812)                           | - 0 -                              
|                                                                                                  |                                     |                                    
|Net increase (decrease) in cash                                                                   | 591,592                             | (178,856)                          
|                                                                                                  |                                     |                                    
|Cash - beginning of period                                                                        | 610,155                             | 307,371                            
|                                                                                                  |                                     |                                    
|Cash - end of period                                                                              | $ 1,201,747                         | $128,515                           

The accompanying notes are an integral part of these
		financial statements.

Table Trac, Inc. Notes to Condensed Financial
		Statements September 30, 2008 (Unaudited)

1. Basis of Presentation

The accompanying unaudited condensed financial statements of Table Trac
		have been prepared in accordance with generally accepted accounting principles
		for interim financial information and with the instructions for Form 10-Q and
		Article 10 of Regulation S-X. The balance sheet as of September 30, 2008 and
		the statements of operations and cash flows for the three and nine months ended
		September 30, 2008 and 2007 are unaudited but include all adjustments
		(consisting of normal recurring adjustments) necessary for a fair presentation
		of the financial position at such date and the operating results and cash flows
		for those periods. Certain information normally included in financial
		statements and related footnotes prepared in accordance with generally accepted
		accounting principles has been condensed or omitted pursuant to the rules and
		regulations of the Securities and Exchange Commission. The accompanying
		financial statements should be read in conjunction with the financial
		statements and notes included in the Table Trac Annual Report on Form 10-KSB
		for the year ended December 31, 2007.

Results for any interim period shown in this report are not necessarily
		indicative of results to be expected for any other interim period or for the
		entire year.

2. Significant Accounting Policies

Revenue Recognition

Revenue is recognized when all significant contractual obligations have
		been satisfied and collection of the resulting receivable is reasonably
		assured. Generally, revenues are recognized upon installation, customer
		specifications have been met, and title and risk of loss have transferred to
		the customer.

License and maintenance revenue are invoiced and recognized monthly.

When a sale involves multiple elements, revenue is allocated to each
		respective element in accordance with Emerging Issues Task Force (EITF) 00-21
		"Accounting for Revenue Arrangements with Multiple Deliverables." Allocation of
		revenue to undelivered elements of the arrangement is based on fair value of
		the element being sold on a stand-alone basis.

In certain instances, sales are collected under financed contracts,
		which are considered extended payment terms. In these situations, as the
		Company has determined and can support "a history of successfully collecting
		under the original payment terms without making concessions," the extended
		payment terms are considered fixed or determinable at the outset of the
		arrangement. Accordingly, revenue is recognized upon the delivery of the
		software, assuming that all other revenue recognition criteria have been met.

Research and Development

Research and development costs are expensed as incurred.

Basic and Diluted Earnings Per Share

Basic earnings per share is computed by dividing net income by the
		weighted average shares outstanding during the reporting period. Diluted
		earnings per share is computed similar to basic earnings per share except that
		the weighted average shares outstanding are increased to include additional
		shares from the assumed exercise of stock options or warrants, if dilutive. The
		number of additional shares is calculated by assuming that outstanding stock
		options or warrants were exercised and that the proceeds from the exercise were
		used to acquire shares of common stock at the average market price during the
		reporting period.

Accounts Receivable

Accounts receivable include regular customer receivables and amounts
		from financed contracts coming due within twelve months. Any amounts from
		financed contracts coming due beyond twelve months are included in "Long term
		accounts receivable - financed contracts."

Customer advance deposits are shown as a liability "Deferred revenue"
		until the product is installed and associated revenue is recognized.

3. Use of Estimates

The preparation of financial statements in conformity with U.S.
		generally accepted accounting principles requires management to make estimates
		and assumptions that affect the reported amounts of assets and liabilities and
		disclosure of contingent assets and liabilities at the date of the financial
		statements and the reported amounts of revenues and expenses during the
		reporting period. Actual results could differ from those estimates.

4. Concentration of Risk

Major Customers

There were sixteen customers and thirty one casinos paying for systems
		and services in 2008 with six customers accounting for 78% of our revenue for
		the nine months ended September 30, 2008. There were sixteen casinos in 2007
		with nine customers accounting for 90% of our revenue for the nine months ended
		September 30, 2007.

5. Inventories

Company inventories consisted of the following at:

|                | September 30, 2008 | December 31, 2007
|--------------- | ------------------ | -----------------
|Raw Materials   | $ - 0 -            | $ - 0 -          
|Work in Process | 171,633            | 24,754           
|Finished Goods  | 310,492            | 137,805          
|Totals          | $482,125           | $162,559         

6. Stockholders' Equity

On March 26, 2008 the Company's board of directors approved and paid a
		$0.05 per common share cash dividend to the shareholders of record on April 4th
		, 2008 totaling $207,812.

On May 22, 2008, the Company issued 6,000 shares of restricted common
		stock valued at $2.63 per share totaling $15,750 to a consultant for
		professional services rendered during the six months ended June 30, 2008.

There were no shares issued or transactions related to changes in
		Shareholders Equity in the three months ended September 30, 2008.

Stock Options

In October 2001, the Company implemented an Employee Stock Incentive
		Plan. This plan provides for the issuance of employee options to purchase
		shares of the Company's common stock at an exercise price at least equal to the
		fair value of the stock at the grant date. These options are exercisable for a
		period of seven years from the date of grant. Table Trac reserved 1,000,000
		shares of its common stock for potential issuance under this plan. As of
		September 30, 2008, 507,500 stock options were available for grants.

Statement of Financial Accounting Standard No. 123(R), "Accounting for
		Stock-Based Compensation", requires companies to estimate fair value of the
		share-based awards on the date of the grant using an option pricing model.
		Table Trac uses the Black-Scholes-Merton option-pricing model as a method for
		determining the estimated fair market value for employee stock awards.
		Compensation expense for employee stock awards is recognized on a straight-line
		basis over the vesting period of the award. The Company had no stock
		compensation expense for the three and nine month periods ended September 30,
		2008 and 2007.

The Company had no stock options awarded or exercised for the three and
		nine month periods ending September 30, 2008 and 2007. There were 337,500
		options outstanding and exercisable at September 30, 2008 and December 31, 2007
		with an average exercise price of $0.125; which expire October 10, 2010. The
		options had an aggregate intrinsic value of $1,054,687 at September 30, 2008
		which is equal to the difference in the closing stock price on that date and
		the exercise price, multiplied by the number of in-the-money options that would
		have been received had all options been exercised on September 30, 2008.

7. Income Taxes

Table Trac has adopted the provisions of the Financial Accounting
		Standards Board's (FASB) Interpretation No. 48 (FIN 48), "Accounting for
		Uncertainty in Income Taxes - an interpretation of Statement of Financial
		Accounting Standards (SFAS) Statement No. 109." FIN 48 clarifies the accounting
		for uncertainty in income taxes recognized in an enterprise's financial
		statements, and prescribes a recognition threshold and measurement process for
		financial statement recognition and measurement of a tax position taken or
		expected to be taken in a tax return. FIN 48 also provides guidance on
		de-recognition, classification, interest and penalties, accounting in interim
		periods, disclosure and transition.

The Company files income tax returns in the U.S. federal jurisdiction
		and various state jurisdictions. Based on the Company's evaluation, the company
		has concluded that there are no significant unrecognized tax implications. The
		Company's evaluation was performed for the tax years ended December 31, 2003
		through 2007, the tax years that remain subject to examination by major tax
		jurisdictions. The Company has estimated taxes for the nine months ended
		September 30, 2008. The Company does not believe there will be any material
		changes in unrecognized tax positions over the next twelve months.

The Company may from time to time be assessed interest or penalties by
		major tax jurisdictions, although any such assessments historically have been
		minimal and immaterial to financial results. In accordance with FIN 48,
		paragraph 19, Table Trac has decided to classify interest and penalties as a
		component of income tax expense.

8. Recently Issued Accounting Pronouncements

In June 2008, the FASB issued FSP No. EITF 03-6-1, Determining Whether
		Instruments Granted in Share-Based Payment Transactions Are Participating
		Securities. This guidance states that unvested share-based payment awards that
		contain nonforfeitable rights to dividends or dividend equivalents are
		participating securities and should be included in the computation of earnings
		per share using the two-class method outlined in SFAS No. 128, Earnings per
		Share. The two-class method is an earnings allocation formula that determines
		earnings per share for each class of common stock and participating security
		according to dividends declared and participation rights in undistributed
		earnings. The adoption of this new guidance on January 1, 2009 should not have
		an effect on the Company's reported earnings per share.

In April 2008, the FASB issued FASB Staff Position (FSP) No. FAS 142-3,
		Determination of the Useful Life of Intangible Assets. This guidance addresses
		the determination of the useful life of intangible assets which have legal,
		regulatory or contractual provisions that potentially limit a company's use of
		an asset. Under the new guidance, a company should consider its own historical
		experience in renewing or extending similar arrangements. The Company is
		required to apply the new guidance to intangible assets acquired after December
		31, 2008.

In February 2008, the FASB issued FASB Staff Position FAS 157-2 ("FSP
		FAS 157-2") "Effective Date of FASB Statement No. 157" which delays the
		effective date of SFAS No. 157 for non-financial assets and non-financial
		liabilities that are recognized or disclosed in the financial statements on a
		nonrecurring basis to fiscal years beginning after November 15, 2008. These
		non-financial items include assets and liabilities such as reporting units
		measured at fair value in a goodwill impairment test and non-financial assets
		acquired and non-financial liabilities assumed in a business combination.

In December 2007, the FASB issued SFAS No. 141 (revised 2007), "Business
		Combinations," [SFAS 141(R)], which establishes principles and requirements for
		how the acquirer of a business recognizes and measures in its financial
		statements the identifiable assets acquired, the liabilities assumed and any
		noncontrolling interest in the acquiree. SFAS 141(R) also provides guidance for
		recognizing and measuring the goodwill acquired in the business combination and
		determines what information would enable users of the financial statements to
		evaluate the nature and financial effects of the business combination. SFAS
		141(R) is effective for business combinations consumated in fiscal years
		beginning after December 15, 2008. Early adoption is not permitted.

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSES OF
		FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The Private Securities Litigation Reform Act of 1995
		provides a "safe harbor" for forward -looking statements. This quarterly report
		contains certain forward-looking statements and for this purpose any statements
		contained in this report, not of historical fact, should be deemed to be
		forward-looking. Without limiting the foregoing, words such as "may," "expect,"
		"believe," "anticipate," "estimate," "continue" or comparable terminology are
		intended to identify forward-looking statements. These statements by their
		nature involve substantial risks and uncertainties, and actual results may
		differ materially depending on a variety of factors, many of which are not
		within the Company's control. These factors include but are not limited to
		economic conditions generally and in the markets in which the Company may
		participate; competition within the Company's chosen industry, including
		competition from much larger competitors; technological advances and failure by
		the Company to successfully develop business relationships.

OVERVIEW

Table Trac is a Nevada corporation, formed on June 27, 1995, with
		principal offices in Minnetonka, Minnesota. It developed and patented (U. S.
		patent number 5,957,776) a proprietary information and management system (Table
		Trac) that automates and monitors the operations of casino table games. In
		addition to table games management, the Company has added functionality,
		developed related casino system modules for guest rewards and loyalty club,
		marketing analysis, guest service, promotion administration/management,
		vault/cage management and audit/accounting.

In 2005, the Company launched new products in the areas of gaming
		machine on-line accounting and management, gaming machine/vault, promotions
		administration and management, customer mailing for tiered pre-encoded
		promotional marketing, touch screen customer service kiosks, guest service
		paging and wireless handheld communications. These additions have transformed
		Table Trac from a "niche" supplier of peripheral products to a full line single
		source supplier.

Another significant milestone in Table Trac's quest to not only define
		its markets for growth and expansion, but to further separate itself from
		competitors came in 2006 when it launched new products in the areas of Class II
		S2S gaming communications and related Class II S2S support for promotions
		administration and management, and fully integrating it with all its Class III
		functionality. Table Trac was the first and, to the best of our knowledge, is
		still the only system capable of fully automating and managing an entire slot
		floor in a mixed Class II/Class III environment. To date, other companies who
		make that claim for their system require the hand entering of machine meter
		values for, at least a portion of their slot floor. Management believes this
		development has greatly enhanced the Company's opportunity for new system
		sales; this has been demonstrated by the significant growth from 2005 through
		the third quarter of 2008. We have more new contracts for system sales in the
		third quarter 2008 than in any previous quarter in our history. The Company
		backlog of system installations at September 30, 2008 and December 31, 2007 was
		approximately $1.9 and $2.3 million respectively.

A milestone achieved in the second quarter of 2008 was the testing of
		our slot accounting system by two certified gaming test laboratories which has
		lead to the certification of our system meeting all requirements of the
		National Indian Gaming Commission's "Minimum Internal Control Standards" as
		well as all requirements of the Oklahoma State Compacts with Tribal Nations.
		Though not necessary in many of the markets in which we operate, the question
		has arisen - "who has tested or certified your system?" Our system was
		previously certified by an independent systems consultant, for one of our
		customers.

In September 2008, Table Trac deployed its first Table Trac TV digital
		signage system, linking Table Trac's promotional kiosk to promotions
		administration systems. The new technology showed real time tracking of results
		on flat screen TV's around the casino, as customers "voted" for their favorite
		presidential candidate by playing the machines and having their player points
		count as votes. The new combination of Table Trac technologies received
		favorable press from newspapers and local TV stations, and most importantly,
		the customers! References on this product include
		http://www.kansascity.com/news/politics/story/853475.html Kansas City Star - -
		- http://www.news9.com/Global/story.asp?S=9290860 Oklahoma City Channel 9 News
		- - - http://www.youtube.com/watch?v=loAettQYGL4 Posted on You Tube

Based on our knowledge, Table Trac offers our customers systems of
		comparable or superior functionality to our competitors at significantly lower
		price points by utilizing our innovative systems platform, stable operating
		environment and deep programming library. We have over twelve years of table
		tracking experience, ten plus years of customer reward and loyalty programs
		experience and tens of millions of continuous gaming machine operation
		monitoring hours. Table Trac is favorably positioned to compete for a broader
		cross section of casinos seeking to reduce their systems cost while improving
		the reliability and accountability of their operations.

Critical Accounting Policies:

See footnote 2 in "Notes to Condensed Financial Statements."

Results of Operations:

Three Months Ended September 30, 2008 and 2007

Net sales for the quarter ended September 30, 2008 showed a small
		decreased to $1,011,991 from $1,024,886 in 2007. New system installations
		completed in the quarters were similar. While system revenue recognized was
		lower, it is partially offset by the increase in license and maintenance
		(support) revenue due to the larger total number of systems over a year
		ago.

Cost of sales for the quarter ended September 30, 2008 decreased to
		$147,791 from $230,245 in 2007 due to lower per unit materials pricing realized
		through larger volume purchase agreements and fewer installations completed in
		quarter. The Company's gross profit was 85.4% and 77.5% for the three months
		ended September 30, 2008 and 2007, respectively. This increase is due to a
		higher mix of license and maintenance revenue, which has a higher gross profit,
		over the previous year.

Selling, general, administrative, research and development expenses were
		$466,126 up from $173,542 for the quarters ended September 30, 2008 and 2007,
		respectively. The increase was across several expense categories as the Company
		continues to "ramp-up" to address dramatically higher sales. The preparation of
		new user manuals, begun previously, was continued into the third quarter.
		Research and development continued at a high level, primarily due to contract
		engineers engaged in an integration of digital media into the product line, in
		addition to a dual redundancy server design.

Interest income dropped primarily due to the drop in interest rates on
		cash balances, and the decrease in the number of system sales made on "Long
		term accounts receivable, - financed contracts".

Provision for income taxes for the third quarter of 2008 was $161,500,
		down from $234,000 for the third quarter of 2007, calculated at a 39% effective
		rate.

Income before taxes and net income were $414,520 and $253,020,
		respectively, for the three months ended September 30, 2008 compared to
		$650,859 and $416,859, respectively, for the three months ended September 30,
		2007. The basic earnings per share was $0.06 for the quarter ended September
		30, 2008 compared to $0.10 last year.

Nine Months Ended September 30, 2008 and 2007

Revenues for the nine months ended September 30, 2008 increased to
		$2,970,102 from $2,113,214 in 2007. The increase was attributable to system
		installations completed in Oklahoma and internationally during the nine months
		ended compared to the systems installed in the same time frame in 2007,
		together with increased license and maintenance revenues associated with the
		increasing number of systems Table Trac maintains monthly.

Cost of sales for the same six months increased to $591,848 from
		$503,676 the prior year in line with numbers of completed installations. The
		Company's gross profit was 80% and 76% for the nine months ended September 30,
		2008 and 2007, respectively. This increase is due to a higher mix of license
		and maintenance revenue, together with favorable materials pricing negotiated
		on the larger and more predictable manufacturing runs, which yielded a higher
		gross profit, over the previous year.

Selling, general, administrative, research and development expenses for
		the nine months ended September 30, 2008 increased to $1,153,601 from $522,202
		in 2007. Additional staffing, including contract staffing, to support the
		increase in business, together with significant research and development
		contract professionals, is primarily responsible for the increase compared to
		2007.

Liquidity and Capital Resources:

Cash at September 30, 2008 increased to $ 1,201,747 from $ 610,155 at
		December 31, 2007 primarily due to collections of receivables on previously
		completed installations , and increases in deposit payments received in the
		first nine months of this year. Net cash provided by operations was $ 834,470
		for the nine months ended September 30, 2008 compared to $178,856 used in
		operations for the nine months ended September 30, 2007. This increase of
		$1,013,326 was primarily the result of increased net income, collections on
		accounts receivable compared to a year ago, increased income taxes payable and
		increased deferred revenue resulting from customer deposits.

For investing activities, the Company purchased equipment totaling
		$35,066 for the nine months ended September 30, 2008 compared to no purchases
		for the comparable period.

Table Trac paid out $207,812 in cash dividends declared by the board of
		directors in early April. The board has not established a quarterly dividend
		policy, but will consider future dividends based on the Company's
		liquidity.

There are no known trends, events or uncertainties that are likely to
		have a material impact on our short or long term liquidity. The primary source
		of liquidity in both the short and long term will be system sales and the
		resulting license and maintenance fees from existing systems. Management
		anticipates being able to manage its expenses and cash flow so monthly
		obligations will be satisfied by cash flow from operations. Management believes
		the Company has adequate cash to meet its obligations and continue operations
		for both existing and future customers as well as ongoing sales effort and
		product development.

Off Balance Sheet Arrangements:None.

ITEM 3. QUALITATIVE AND QUANTITATIVE DISCLOSURE ABOUT MARKET
		RISK

The Company's financial instruments consist entirely of cash. Our only
		risk is interest rates which is not considered significant.

The Company does not hold foreign currency since they do not transact
		business in foreign currencies, and therefore have no currency exposure. The
		Company does not enter into futures or forward commodity contracts since they
		have no market risk exposure with respect to commodity prices.

ITEM 4. CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures

Under the supervision of, and the participation of, our management,
		including our Chief Executive Officer and Chief Financial Officer, we have
		conducted an evaluation of our disclosure controls and procedures (as defined
		in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934,
		as amended (the "Exchange Act")) as of the end of the period covered by this
		Quarterly Report on Form 10-Q to ensure that information required to be
		disclosed by us in the reports that we file or submit under the Exchange Act is
		recorded, processed, summarized and reported, within the time periods specified
		in the Securities and Exchange Commission's rules and forms, and is accumulated
		and communicated to our management as appropriate to allow timely decisions
		regarding required disclosure. Based on this evaluation and taking into account
		the lack of segregation of duties noted below, our Chief Executive Officer and
		Chief Financial Officer have concluded that our disclosure controls and
		procedures are effective.

Table Trac's Chief Executive/Financial Officer, Chad B. Hoehne, has
		evaluated the Company's disclosure and procedures as of the end of the period
		covered by this report. In response to previous reviews, he has added staff and
		divided responsibilities to increase segregation of duties. Combined with
		in-depth quarterly analysis of customer receivables and the implementation of a
		new inventory tracking system, he concludes that these controls and procedures
		have greatly reduced the previously reported inadequacies due to lack of a
		segregation of duties while the controls and procedures surrounding financial
		reporting remain inadequate. See our Form 10-KSB for an in depth discussion.
		Notwithstanding the material weaknesses that continued to exist as of September
		30, 2008, our Chief Executive/Financial Officer has concluded that the
		financial statements included in this Form 10-Q present fairly, in all material
		respects, the financial position, results of operations and cash flows of the
		Company as required for interim financial statements.

(b) Changes in Internal Control Over Financial Reporting

The Company has begun working to improve its financial expertise as
		discussed more fully at PART II, ITEM 8A in our December 31, 2007 Form
		10-KSB.

PART II OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS:None.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
		PROCEEDS: None.

ITEM 3. DEFAULTS ON SENIOR SECURITIES:None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS :None.

ITEM 5. OTHER INFORMATION :None.

ITEM 6. EXHIBITS

Exhibit 1.1 Certification of Chief Executive Officer and Principal
		Financial Officer Pursuant to Section13a - 14a and 15d - 14a of the Exchange
		Act.

Exhibit 1.2 Certification Pursuant to 18USC Section 1350, as of adopted
		pursuant to section 906 of the Sarbanes-Oxley Act of 2002.

|SIGNATURE PAGE
			 In accordance with the requirements of the Exchange Act, the
				Registrant has duly caused this report to be signed on its behalf by the
				undersigned thereunto duly authorized.
			 Table Trac, Inc. Date November 13, 2008By: /s/ Chad
				Hoehne President CEO
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Exhibit 1.1
			 CERTIFICATION OF CHIEF EXECUTIVE OFFICER and
				PRINCIPAL FINANCIAL OFFICERPURSUANT TO SECURITIES EXCHANGE ACT OF 1934
				RULE 13a-14(a) OR 15d-14(a)
			 I, Chad Hoehne, certify that:1. I have reviewed and
				read this Quarterly Report on Form 10-Q of Table Trac, Inc.; 2. Based on my
				knowledge, this Quarterly Report does not contain any untrue statement of a
				material fact or omit to state a material fact necessary to make the statements
				made, in light of the circumstances under which such statements were made, not
				misleading with respect to the period covered by this Quarterly Report; 3.
				Based on my knowledge, the financial statements and other financial information
				included in this Quarterly Report, fairly present in all material respects the
				financial condition, results of operations and cash flows of the Company as of,
				and for, the periods presented in this Quarterly Report; 4. I am
				responsible for establishing and maintaining disclosure controls and procedures
				(as defined in the Exchange Act Rules 13a-15e and 15(e)) for the registrant and
				have: (a) designed such disclosure controls and procedures, or caused such
				disclosure controls and procedures to be designed under our supervisions, to
				ensure that material information relating to the registrant is made known to us
				by others within those entities, particularly during the period in which this
				Quarterly Report is being prepared; (b) evaluated the effectiveness of the
				registrant's disclosure controls and procedures and presented in this report
				our conclusions about the effectiveness of the disclosure controls and
				procedures, as of the end of the period covered by this Quarterly Report based
				on such evaluation; and (c) disclosed in this Quarterly Report any change
				in the registrant's internal control over financial reporting that occurred
				during the registrant's most recent fiscal quarter (the registrant's fourth
				fiscal quarter in the case of an annual report) that has materially affected,
				or is reasonably likely to materially affect, the registrant's internal control
				over financial reporting; and 5. I have disclosed, based on our most recent
				evaluation of internal control over financial reporting, to the registrant's
				auditors and board of directors performing the equivalent functions of an audit
				committee: (a) all significant deficiencies and material weaknesses in the
				design or operation of internal control over financial reporting which are
				reasonably likely to adversely affect the registrant's ability to record,
				process, summarize and report financial information; and (b) any fraud,
				whether or not material, that involves management or other employees who have a
				significant role in the registrant's internal controls over financial
				reporting.
			 Date: November 13, 2008By: /s/ Chad Hoehne Name: Chad
				Hoehne Title: Chief Executive Officer and Principal Financial Officer
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Exhibit 1.2CERTIFICATION PURSUANT TO SECURITIES EXCHANGE ACT
				OF 1934 RULE 13a-14(b) OR 15d-14(b) AND 18 U.S.C. SECTION 1350, AS
				ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
			 In connection with the quarterly report of Table Trac, Inc. (the
				"Company") on Form 10-Q for quarter ended September 30, 2008 as filed with the
				Securities and Exchange Commission on the date hereof (the "Quarterly Report"),
				I, Chad Hoehne, Chief Executive Officer and principal financial officer of the
				Company, certify for the purpose of complying with Rule 13a-14(b) or Rule
				15d-14(b) of the Securities Exchange Act of 1934 (the "Exchange Act") and
				Section 1350 of Chapter 63 of Title 18 of the United States Code, that: 1.
				the Quarterly Report fully complies with the requirements of Section 13(a) or
				15(d) of the Exchange Act; and 2. the information contained in the
				Quarterly Report fairly presents, in all material respect, the financial
				condition and results of operations of the Company.
			 Dated: November 13, 2008 By: /s/ Chad Hoehne Chief
				Executive Officer and Principal Financial Officer
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------