MULTIMEDIA GAMES, INC.
                			CONDENSED CONSOLIDATED BALANCE SHEETS
            			As of December 31, 2002 and September 30, 2002
         			(In thousands, except shares and per-share amounts)

                                     			December 31,     		September 30,
                                      		2002             		2002
                                     		 	---------------- 		---------------
ASSETS                                  		(Unaudited)       		(Audited)
CURRENT ASSETS:
 Cash and cash equivalents                	$18,131         		$15,247
 Accounts receivable                            	8,978           		5,697
 Allowance for doubtful accounts
  receivable                                     	(636)           		(428)
 Inventory, net                                 	3,620           		4,303
 Prepaid expenses and other assets              1,559           		1,418
 Notes receivable, net                            	321           			3,115
 Deferred taxes                                 	1,140             		797
                                      		---------------- 		---------------
       Total current assets                    	33,113          		30,149
Restricted cash and long-term
 investments                                    	1,337           		1,493
Inventory - non-current                         	8,863          		10,328
Property and equipment, net                    	46,264          		40,137
Notes receivable, non-current                     	500            			 ---
Other assets                                    	4,658           		4,083
                                      		---------------- 		---------------
       Total assets                           		$94,735         		$86,190
                                      		================ 	===============

					LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
 Current portion of long-term debt               	$565            	$245
 Accounts payable and accrued
  expenses                                     			12,559          	14,480
 Federal and state income tax payable           	2,979           	1,181
 Halls' share of surplus                          		113            		 793
 Prize fulfillment fees payable                    		31              		44
 Deferred revenue                               		1,929           	1,929
                                      			---------------- 	---------------
       Total current liabilities               		18,176          	18,672
Long-term debt, less current portion              	393             	369
Other long-term liabilities                     		1,229           	1,385
Deferred taxes                                  		1,110             	252
                                      			---------------- 	---------------
       Total liabilities                       		20,908          	20,678
                                      			---------------- 	---------------
Commitments and contingencies
Stockholders' equity:
 Preferred stock, Series A, $0.01 par
  value, 2,000,000
shares authorized, no shares issued
 and outstanding                                 		 ---             		---
 Common stock, $0.01 par value,
  25,000,000 shares authorized
  14,004,568 and 13,963,489 shares
  issued, and 12,930,223 and
  12,889,144 shares outstanding,
  respectively                                    		140             	140
  Additional paid-in capital                   		41,882          	40,996
  Stockholders' notes receivable               		(2,438)         	(2,417)
 Treasury stock, 1,074,345 shares at
  cost                                         			(5,847)         	(5,847)
  Retained earnings                            		40,090          	32,640
                                      			---------------- 	---------------
       Total stockholders' equity              		73,827          	65,512
                                     				 ---------------- 	---------------
    Total liabilities and
     stockholders' equity                     		$94,735         	$86,190
                                      			================ ===============



                        				MULTIMEDIA GAMES, INC.
             			CONDENSED CONSOLIDATED STATEMENTS OF INCOME
        			For the Three Months Ended December 31, 2002 and 2001
               				(In thousands, except per-share amounts)

                                                     			2002      		2001(1)
                                               			----------- 		-----------
REVENUES:                                     		 (Unaudited) 	(Unaudited)
 Gaming revenue - Class II                        		$81,772     		$56,588
 Gaming revenue - Class III                         		1,017       		1,309
  Player station sale and lease revenue               	643         		709
 Other                                                		416         		285
                                               			----------- 		-----------
       Total revenues                              		83,848      		58,891
 Allotments to hall operators                      		57,033      		40,041
 Bingo prizes and related costs                       	720         		470
                                               			----------- 		-----------
       Net revenues                                		26,095      		18,380
                                               			----------- 		-----------
OPERATING COSTS AND EXPENSES:
  Cost of electronic player stations sold             	559         		317
  Selling, general and administrative expenses      	9,060       		7,117
  Amortization and depreciation                     	4,429       		3,198
                                               			----------- 		-----------
       Total operating costs and expenses          	14,048      		10,632
                                              			 -----------		 -----------
       Operating income                            		12,047       		7,748

OTHER INCOME (EXPENSE):
Interest income                                       		110         		64
Interest expense                                      		(17)        		(17)
                                              			 ----------- 		-----------
Income before income taxes                         		12,140       		7,795
Income tax expense                                  		4,690       		3,044
                                               			----------- 		-----------
       Net income                                  		$7,450      		$4,751
                                               			-----------		 -----------
Basic earnings per share                            		$0.58       		$0.39
                                               			=========== 	===========
Diluted earnings per share                          		$0.50       		$0.33
                                              			 =========== 	===========