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Method and system for time gaming with skill wagering opportunities

  • US 9,514,596 B2
  • Filed: 05/16/2008
  • Issued: 12/06/2016
  • Est. Priority Date: 07/12/2006
  • Status: Active Grant
First Claim
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1. A method of operating a regulated gaming machine, said method comprising:

  • (i) providing an arcade-type or console-type game, modified such that player interaction with selected ones of a plurality of assets after initiation of and before termination of play of the game give rise to wagering opportunities;

    (ii) receiving, via an acceptor supported by a housing of the regulated gaming machine, a physical item associated with a monetary value, and identifying, via the acceptor, the received physical item, wherein the physical item is selected from the group consisting of;

    a ticket associated with the monetary value and currency;

    (iii) causing at least one processor to execute a plurality of instructions to;

    (a) use a first portion of the monetary value associated with the received and identified physical item to fund a progressive jackpot to be awarded at or after a first point in time; and

    (b) exchange a second portion of the monetary value associated with the received and identified physical item for a game play contract, the game play contract associated with a credit balance having an initial value and enabling play of the game with the credit balance for a duration that is related to the second portion of the monetary value associated with the received and identified physical item;

    (iv) causing the at least one processor to execute the plurality of instructions to maintain a player score during play of the game and update the player score upon player interaction with the plurality of assets after initiation of and before termination of play of the game during the duration, the player score being separate from the credit balance;

    (v) causing the at least one processor to execute the plurality of instructions to, upon successful player interaction with one of the selected assets after initiation of and before termination of play of the game during the duration;

    (a) initiate a wager from the credit balance,(b) determine an amount of said wager based at least in part on an amount of time elapsed since a last wager was placed,(c) randomly determine an outcome of said wager, and(d) update the credit balance based on the outcome of said wager;

    (vi) when the duration is over, causing the at least one processor to execute the plurality of instructions to determine whether the updated player score exceeds a pre-stored high score and, if the updated player score exceeds the pre-stored high score, establish the updated player score as a new high score;

    (vii) at or after the first point in time, awarding at least a portion of the progressive jackpot to a player associated with the updated player score if the updated player score was established as the new high score and has not been exceeded by the first point in time; and

    (viii) after receiving, via a cashout device, a cashout input, causing the at least one processor to execute the plurality of instructions to initiate a cashout associated with the credit balance.

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