|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 March 31, 2009
			 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" , "smaller
				reporting company" 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 May 15, 2009, 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)

|                                                                                                                                                     | March 31, 2009 | December 31, 2008*
|---------------------------------------------------------------------------------------------------------------------------------------------------- | -------------- | ------------------
|ASSETS                                                                                                                                               |                |                   
|Current assets:                                                                                                                                      |                |                   
|Cash                                                                                                                                                 | $1,006,468     | $1,212,953        
|Accounts receivable, no allowance for doubtful accounts deemed
			 necessary                                                                         | 1,981,694      | 2,006,475         
|Inventory                                                                                                                                            | 226,312        | 248,598           
|Prepaid expenses                                                                                                                                     | 16,243         | 8,143             
|Note Receivable                                                                                                                                      | 250,000        | - 0 -             
|Income taxes receivable                                                                                                                              | 47,000         | 45,000            
|Total current assets                                                                                                                                 | 3,527,717      | 3,521,169         
|                                                                                                                                                     |                |                   
|Patent, net                                                                                                                                          | 10,849         | 11,191            
|Equipment, net                                                                                                                                       | 25,348         | 27,865            
|Deferred system sales costs                                                                                                                          | 76,779         | - 0 -             
|Accounts receivable - financed contracts - long
			 term                                                                                             | - 0 -          | 68,045            
|Total assets                                                                                                                                         | $3,640,693     | $3,628,270        
|                                                                                                                                                     |                |                   
|LIABILITIES AND STOCKHOLDERS EQUITY                                                                                                                 |                |                   
|Current liabilities:                                                                                                                                 |                |                   
|Accounts payable                                                                                                                                     | $ 80,326       | $ 225,557         
|Accrued payroll and related                                                                                                                          | 45,649         | 39,624            
|Deferred revenue                                                                                                                                     | - 0 -          | 389,297           
|Current deferred tax liability                                                                                                                       | 772,000        | 619,000           
|Total current liabilities                                                                                                                            | 897,975        | 1,273,478         
|Noncurrent liabilities:                                                                                                                              |                |                   
|Long-term deferred tax liability                                                                                                                     | 28,000         | - 0 -             
|                                                                                                                                                     |                |                   
|Total liabilities                                                                                                                                    | 925,975        | 1,273,478         
|                                                                                                                                                     |                |                   
|Stockholders equity:                                                                                                                                |                |                   
|Common stock, $0.001 par value; 5,000,000 shares
			 authorized: 4,162,234 shares issued and outstanding at March 31, 2009 and
			 December 31, 2008 | 4,162          | 4,162             
|Additional paid in capital                                                                                                                           | 1,398,254      | 1,398,254         
|Retained earnings                                                                                                                                    | 1,358,991      | 998,123           
|                                                                                                                                                     | 2,761,407      | 2,400,539         
|Less: treasury stock (32,825 shares at March 31, 2009
			 and 32,200 shares at December 31, 2008) at cost                                            | (46,689)       | (45,747)          
|Total stockholders equity                                                                                                                           | 2,714,718      | 2,354,792         
|Total liabilities and stockholders equity                                                                                                           | $ 3,640,693    | $3,628,270        

(*) The Balance Sheet at December 31, 2008 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 INCOME

Unaudited

|                                             |                |            
|-------------------------------------------- | -------------- | -----------
|                                             | Quarters Ended
|                                             | March 31,      | March 31,  
|                                             | 2009           | 2008       
|Net sales                                    | $1,144,846     | $1,501,689 
|Cost of sales                                | 135,597        | 357,626    
|Gross profit                                 | 1,009,249      | 1,144,063  
|                                             |                |            
|Selling, general and administrative expenses | 431,947        | 340,046    
|                                             |                |            
|Income from operations                       | 577,302        | 804,017    
|                                             |                |            
|Other income (expense):                      |                |            
|Interest income                              | 14,050         | 17,936     
|                                             |                |            
|Net income before income taxes               | 591,352        | 821,953    
|Income tax expense                           | 230,484        | 321,000    
|Net income                                   | $ 360,868      | $ 500,953  
|Basic earnings per share                     | *$0.087*       | *$0.121*   
|Weighted average basic shares outstanding    | *4,162,234*    | *4,156,234*
|Diluted earnings per share                   | $0.081         | *$0.112*   
|Weighted average diluted shares outstanding  | 4,479,645      | 4,482,484  

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

TABLE TRAC, INC.
		CONDENSED STATEMENTS OF CASH FLOWS

Unaudited

|                                                                                        | Three Months Ended March 31,
			 2009 | Three Months Ended March 31,
			 2008
|--------------------------------------------------------------------------------------- | ------------------------------------- | -------------------------------------
|Cash flows from operating activities:                                                   |                                       |                                      
|Net income                                                                              | $ 360,868                             | $ 500,953                            
|Adjustments to reconcile net income to cash flows
			 provided by operating activities: |                                       |                                      
|Depreciation and amortization                                                           | 2,859                                 | 1,423                                
|Deferred income taxes                                                                   | 181,000                               | 321,000                              
|Changes in operating assets and liabilities:                                            |                                       |                                      
|Accounts receivable                                                                     | 92,826                                | (779,826)                            
|Inventory                                                                               | 22,286                                | 60,195                               
|Prepaid expenses                                                                        | (8,100)                               | 1,500                                
|Income taxes receivable                                                                 | (2,000)                               | - 0 -                                
|Deferred system sales costs                                                             | (76,779)                              | - 0 -                                
|Accounts payable                                                                        | (145,231)                             | 18,099                               
|Accrued payroll and related                                                             | 6,025                                 | 114                                  
|Deferred revenue                                                                        | (389,297)                             | (45,945)                             
|Net cash flows provided by operating activities                                         | 44,457                                | 77,513                               
|                                                                                        |                                       |                                      
|Cash flows from investing activities                                                    |                                       |                                      
|Purchase of equipment                                                                   | 0                                     | (12,999)                             
|Issuance of note receivable                                                             | (250,000)                             | - 0 -                                
|Net cash flows used in investing activities                                             | (250,000)                             | (12,999)                             
|                                                                                        |                                       |                                      
|Cash flows from financing activities                                                    |                                       |                                      
|Repurchase of Company stock                                                             | (942)                                 | - 0 -                                
|                                                                                        |                                       |                                      
|                                                                                        |                                       |                                      
|Net increase (decrease) in cash                                                         | (206,485)                             | 64,514                               
|                                                                                        |                                       |                                      
|Cash - beginning of period                                                              | 1,212,953                             | 610,155                              
|                                                                                        |                                       |                                      
|Cash - end of period                                                                    | $ 1,006,468                           | $ 674,669                            

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

Table Trac, Inc. Notes to Condensed Financial
		Statements March 31, 2009(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 March 31, 2009 and the
		statements of income and cash flows for the three months ended March 31, 2009
		and 2008 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-K, for the year ended
		December 31, 2008.

2. Significant Accounting Policies

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.

Revenue Recognition

The Company derives revenues from the sales of systems,
		licenses and maintenance fees and services.

System sales: Revenue from systems that have been
		demonstrated to meet customer specifications during installation is recognized
		when evidence of an arrangement exists, the product has been installed, title
		and risk of loss have transferred to the customer and collection of the
		resulting receivable is reasonably assured.

System sales which are accounted for as multiple-element
		arrangements include multiple products and/or services. For multiple-element
		arrangements, the Company allocates the revenue to each element based on their
		stand-alone fair value (or in the absence of fair value, the residual method)
		and recognizes the associated revenue when all revenue recognition criteria
		have been met for each element.

In 2005, the Company began offering its customers contracts
		with extended payment terms. The Company has established a history of
		successfully collecting on these contracts under the original payment terms
		without making concessions. Based on past and current collection history, all
		sales installment contracts are being recognized in revenue following the
		"system sales" policy noted above.

Maintenance revenue: Maintenance revenue is recognized
		ratably over the contract period.

Service revenue: Service revenue is recognized after the
		services are performed and collection of the resulting receivable is reasonably
		assured.

Participation revenue: In 2009, the Company began offering
		new customers a participation-based contract. Revenues are determined and
		billed monthly based on a percentage of the amount of money processed through
		its system. The Company has not established collectability on these types of
		contracts; therefore, revenue is being recognized as collected. There are no
		participation revenues recognized for the three months ended March 31,
		2009.

Inventory

Inventory comprised of finished good and work in process is
		stated at the lower of cost or market. The first-in, first-out cost method is
		used to value inventory. Inventory is reviewed annually for the lower of cost
		or market and obsolescence. Any material cost found to be above market value or
		considered obsolete is written down accordingly.

Deferred System Sales Costs

Deferred system sales costs consist of installed system
		costs incurred on participation-based contracts. These costs will be recognized
		on a straight-line basis over the term of the contract which is generally 60
		months beginning when revenues are generated. At the end of the contract
		period, the customer will receive title to the system. There has been no
		amortization of deferred system sales costs for the three months ended March
		31, 2009 as the system installation was completed late in March 2009 and no
		revenues have been generated.

Accounts Receivable

Accounts Receivables include regular customer receivables and amounts
		from financed contracts coming due within 12 months. Amounts from these
		contracts coming due beyond 12 months are recorded as "Accounts receivable,
		financed contracts, long term".

Major Customers

The following summarizes significant customer information for the three
		months ended March 31,2009 and 2008:

> 2009
> 			 % of salesCustomer A
> 			 69%

> 2008
> 			 % of salesCustomer B
> 			 44%Customer C
> 			 40%



3. Inventories

Company inventories consisted of the following at:

|                | March 31, 2009 | December 31, 2008
|--------------- | -------------- | -----------------
|Work in Process | $ - 0 -        | $8,850           
|Finished Goods  | 226,312        | 239,748          
|Totals          | $226,312       | $248,598         

4. Note Receivable

In March 2009, the Company loaned $250,000 to one of its customers. The
		loan pays a one time 40% premium and is due September 2009.

5. Stockholders' Equity

In January 2009, the Company repurchased 625 shares of its stock for a
		total purchase cost of $942. The Company is holding the shares in treasury as
		of March 31, 2009 and plans to potentially use the shares in its employee bonus
		program.

Stock optionsIn October 2001, the Company implemented an
		Employee Stock Incentive Plan. This plan provides for the issuance of options
		to employees 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 has reserved 1,000,000 shares of its common stock for potential
		issuance under this plan. As of March 31, 2009, 370,000 stock options were
		available for grants.

Statement of Financial Accounting Standard No. 123(R)"share-based
		payment" (SFAS 123(R)) requires companies to estimate fair value of share-based
		awards on the date of 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 recorded $0 of related compensation expense
		for the three months ended March 31, 2009 and 2008.

There were 337,500 options outstanding and exercisable at March 31, 2009
		and December 31, 2008 with an exercise price of $0.125, which expire October
		10, 2010. The options had an aggregate intrinsic value of $666,562 at March 31,
		2009 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 March 31, 2009.

6. Income Taxes

The Company accounts for income taxes pursuant to SFAS No. 109,
		Accounting for Income Taxes and FASB Interpretation No. 48, Accounting for
		Uncertainty in Income Taxes an interpretation of FASB Statement No.10., which
		provides for an asset and liability approach to accounting for income taxes.
		Deferred tax assets and liabilities represent the future tax consequences of
		the differences between the financial statement carrying amounts of assets and
		liabilities versus the tax basis of assets and liabilities. Under this method,
		deferred tax assets are recognized for deductible temporary differences, and
		operating loss and tax credit carryforwards. Deferred liabilities are
		recognized for taxable temporary differences. Deferred tax assets are reduced
		by a valuation allowance when, in the opinion of management, it is more likely
		than not that some portion or all of the deferred tax assets will not be
		realized. The impact of the tax rate changes on deferred tax assets and
		liabilities is recognized in the year that the change is enacted.

We file income tax returns in the U.S. federal jurisdiction and various
		state jurisdictions. Based on our evaluation, we have concluded that there are
		no significant unrecognized tax implications. Our evaluation was performed for
		the tax years ended December 31, 2004 through 2008, the tax years that remain
		subject to examination by major tax jurisdictions as of March 31, 2009. We do
		not believe there will be any material changes in our unrecognized tax
		positions over the next twelve months.

We 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 our 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.

7. Earnings per Share

The Company computes earnings per share in accordance with SFAS No. 128,
		Earnings per Share ("SFAS 128"). SFAS 128 requires companies to compute
		earnings per share under two different methods, basic and diluted, and present
		per share data for all periods in which statements of operations are presented.
		Basic earnings per share is computed by dividing net income by the weighted
		average number of shares of common stock outstanding. Diluted earnings per
		share is computed by dividing net income by the weighted average number of
		shares of common stock and common stock equivalents outstanding.

The following table provides a reconciliation of the numerators and
		denominators used in calculating basic and diluted earnings per share for the
		three months ended March 31, 2009 and 2008:



|                                                         | Three months ended March 31,
|-------------------------------------------------------- | ----------------------------
|                                                         | 2009                        
|Basic earnings per share calculation:                    |                             
|Net income to common stockholders                        | $ 360,868                   
|Weighted average number of common shares
			 outstanding | 4,162,234                   
|Basic net income per share                               | $ 0.087                     
|                                                         |                             
|Diluted earnings per share calculation:                  |                             
|Net income to common stockholders                        | $ 360,868                   
|Weighted average number of common shares outstanding     | 4,162,234                   
|Common stock equivalents:                                |                             
|Stock options and restricted stock units                 | 317,411                     
|Weighted average number of common shares
			 outstanding | 4,479,645                   
|Diluted net income per share                             | $ 0.081                     



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

The Private Securities Litigation Reform Act of 1995
		provides "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, since 2000 Table Trac 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. These
		modules all use Table Trac's simple to learn browser based interface.

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. The addition of these modalities has transformed Table
		Trac from a "niche" supplier of peripheral products to one of a full line
		single source supplier.

We are able to offer our customers systems of comparable functionality
		to its larger competitors at a significantly lower price point by utilizing
		innovative technology and programming resources. We have over twelve years of
		on-table experience, eight plus years of customer reward and loyalty programs
		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:

The Company's discussion and analysis of financial
		condition and results of operations is based upon its financial statements,
		which have been prepared in accordance with accounting principles generally
		accepted in the United States. The preparation of these financial statements
		requires the Company to make estimates and judgements that affect the reported
		amounts of assets, liabilities, revenues and expenses, and related disclosure
		of contingent assets and liabilities. On an on-going basis, the Company
		evaluates these estimates, including those related to revenue recognition, bad
		debts, inventory valuation, intangible assets, and income taxes. The Company
		bases these estimates on historical experience and on various other assumptions
		that it believes are reasonable under the circumstances, the results of which
		form the basis for making judgements about the carrying values of assets and
		liabilities that are not readily apparent from other sources. Actual results
		may differ from these estimates under different assumptions or conditions. The
		accounting policies, estimates and judgements that the Company believes have
		the most effect on its reported financial position and results of operations
		are as listed below. This section should also be read with the Note 1 in our
		financial statements in our Annual Report on Form 10-K for the year ended
		December 31, 2008.

Revenue Recognition

The Company derives revenues from the sales of systems,
		licenses and maintenance fees and services.

System sales: Revenue from systems that have been
		demonstrated to meet customer specifications during installation is recognized
		when evidence of an arrangement exists, the product has been installed, title
		and risk of loss have transferred to the customer and collection of the
		resulting receivable is reasonably assured.

System sales which are accounted for as multiple-element
		arrangements include multiple products and/or services. For multiple-element
		arrangements, the Company allocates the revenue to each element based on their
		stand-alone fair value (or in the absence of fair value, the residual method)
		and recognizes the associated revenue when all revenue recognition criteria
		have been met for each element.

In 2005, the Company began offering its customers contracts
		with extended payment terms. The Company has established a history of
		successfully collecting on these contracts under the original payment terms
		without making concessions. Based on past and current collection history, all
		sales installment contracts are being recognized in revenue following the
		"system sales" policy noted above.

Maintenance revenue: Maintenance revenue is recognized
		ratably over the contract period.

Service revenue: Service revenue is recognized after the
		services are performed and collection of the resulting receivable is reasonably
		assured.

Participation revenue: In 2009, the Company began offering
		new customers a participation-based contract. Revenues are determined and
		billed monthly based on a percentage of the amount of money processed through
		its system. The Company has not established collectability on these types of
		contracts; therefore, revenue is being recognized as collected. There are no
		participation revenues recognized for the three months ended March 31,
		2009.

Inventory

Inventory comprised of finished good and work in process is
		stated at the lower of cost or market. The first-in, first-out cost method is
		used to value inventory. Inventory is reviewed annually for the lower of cost
		or market and obsolescence. Any material cost found to be above market value or
		considered obsolete is written down accordingly.

Deferred System Sales Costs

Deferred system sales costs consist of installed system
		costs incurred on participation-based contracts. These costs will be recognized
		on a straight-line basis over the term of the contract which is generally 60
		months beginning when revenues are generated. At the end of the contract
		period, the customer will receive title to the system. There has been no
		amortization of deferred system sales costs for the three months ended March
		31, 2009 as the system installation was completed late in March 2009 and no
		revenues have been generated.

Accounts Receivable

Accounts Receivables include regular customer receivables and amounts
		from financed contracts coming due within 12 months. Amounts from these
		contracts coming due beyond 12 months are recorded as "Accounts receivable,
		financed contracts, long term".

Results of Operations:

Net sales decreased in the quarter ending March 31, 2009 from the record
		high quarter in 2008 of $1,501,689 to $1,144,846. The quarter decrease was
		primarily due to recognizing one system installation and one system expansion
		in 2009 compared with 2 large and 2 small system installations in the same
		period in 2008. Additionally, the Company installed a revenue participation
		system which will begin providing monthly revenues in April 2009 and for the
		next 5 years. The Company also experienced a 40% increase in license and
		maintenance revenue this year compared to the year ago quarter.

Cost of sales for the quarters ended March 31, 2009 and 2008 decreased
		to $135,597 from $357,626 in line with decreased installations completed in the
		quarter. The gross margin in 2009 is higher than in 2008, the primary reason is
		the Company's cost component in an existing casino expansion is lower than that
		of an initial installation, and the systems completed in this quarter were one
		of each type.

Selling, general and administrative expenses, which includes research
		and development costs, increased to $431,947 from $340,046 for the quarters
		ended March 31, 2009 and 2008, respectively. Two significant R & D projects
		and an increase in the numbers of employees are responsible for the
		increase.

Interest income decreased as collections were complete for a number of
		short term financed systems that were uncollected and earning interest during
		the same three month period in 2008.

Provision for income taxes for the first quarter of 2009 of $229,000 was
		calculated at a 39% effective rate. Provision for income taxes for the first
		quarter of 2008 of $321,000 was calculated at a 39% effective rate.

Net income before taxes was $591,352 for the quarter ended March 31,
		2009, down from the record setting $821,953 for the quarter ended March 31,
		2008. Net income was $360,868 for the quarter ended March 31, 2009 down from
		$500,953 for the quarter ended March 31, 2008. The decrease in net income of
		28% is the net result of the selling, general and administrative expenses,
		which includes research and development costs, that increased along with a
		decrease in net sales. The basic earnings per share were $0.087 compares to
		$0.121 for the quarters ended March 31, 2009 and 2008, respectively.

Liquidity and Capital Resources:

Cash at March 31, 2009 decreased to $1,006,468 from $1,212,953 at
		December 31, 2008 primarily due to the company making a loan in the amount of
		$250,000 to one of its casino customers to assist them in opening a new casino.
		The reciepient of the loan also has a 5 year revenue participation agreement in
		place with the Company. Net cash provided by operations was $ 44,457 for the
		quarter compared to $77,513 of cash provided by operations for the first
		quarter last year.

There are no known trends, events or uncertainties that are likely to
		have a material impact on the 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. We believe 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.

The Board of Directors felt liquidity and capital resources were strong
		enough and the Company's sales pipeline and profit margins adequate to lend
		$250,000 of its cash reserves to a casino customer under terms more favorable
		to the Company than holding the cash in savings.

Off Balance Sheet Arrangements:None.

Repurchase of shares

In January 2009, the Company repurchased 625 shares of its stock for a
		total purchase cost of $942. The Company is holding the shares in treasury as
		of March 31, 2009 and plans to use the shares in its employee bonus program.
		The Company plans to continue to make purchases as liquidity and share price
		allow.

ITEM 3. QUALITATIVE AND QUANTITATIVE DISCLOSURE ABOUT MARKET
		RISK

Our 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 we do not transact
		business in foreign currencies, and therefore have no currency exposure. We do
		not enter into any futures or forward commodity contracts since we have no
		market risk exposure with respect to commodity prices.

ITEM 4T. CONTROLS AND PROCEDURES

Material Weaknesses Previously Disclosed

As discussed in Item 9A of our 2008 Annual Report on Form 10-K, as of
		December 31, 2008, we identified certain material weaknesses relating to our
		accounting policies and procedures, board of director financial oversight, lack
		of segregation of duties, financial close and reporting and internal financial
		expertise.

Evaluation of Disclosure Controls and Procedures

Our Chief Executive Officer/Chief Financial Officer evaluated the
		effectiveness of the Company's disclosure controls and procedures (as defined
		in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of the end of the period
		covered in this report. In light of the material weaknesses previously
		disclosed, which have not been remediated as of the end of the period covered
		by this Quarterly Report, our Chief Executive Officer/Chief Accounting Officer
		concluded that our disclosure controls and procedures were not effective in
		providing reasonable assurance that information required to be disclosed by the
		Company in the reports that it files or submits under the Exchange Act was
		recorded, processed, summarized and reported within the time periods specified
		by the Securities and Exchange Commission's rules and forms and did not ensure
		that information required to be disclosed in the reports that we file or submit
		under the Exchange Act was accumulated and communicated to our management,
		including our Chief Executive Officer/Chief Accounting Officer, as appropriate
		to allow timely decisions regarding required disclosure.

As a result of this conclusion, the financial statements for the period
		covered by this report were prepared with particular attention to the material
		weaknesses previously disclosed. Notwithstanding the material weaknesses in
		internal controls continue to exist as of March 31, 2009, our Chief
		Executive/Financial Officer has concluded that the financial statements
		included in this Form 10-Q present fairly, the financial position, results of
		operations and cash flows of the Company as required for interim financial
		statements.

Changes in Internal Control Over Financial Reporting

Based on the Company's size and the management oversite in place, the
		downward pressure on the costs for the company and its shareholders remediate
		the disclosure controls and procedures as they have been identified, the
		company continued to operate without changes to its controls and procedures for
		the period covered by this report while continuing to seek the expertise it
		needs to remediate the materal weaknesses.

PART II OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGSNone.

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 - 14 and 15d - 14 of the Exchange
		Act.

Exhibit 1.2 Certification Pursuant to 18USC Section 1350, as 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 May 15, 2009By: /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: May 15, 2009By: /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 March 31, 2009 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: May 15, 2009By: /s/ Chad Hoehne Chief Executive
				Officer and Principal Financial Officer
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------