AMERICAN WAGERING INC
SC 13G, 1999-02-11
MISCELLANEOUS AMUSEMENT & RECREATION
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                 SCHEDULE 13G


                   Under the Securities Exchange Act of 1934
                             (Amendment No.          )*


                             AMERICAN WAGERING, INC.
       -----------------------------------------------------------------
                               (Name of Issuer)


                                  Common Stock
       -----------------------------------------------------------------
                        (Title of Class of Securities)


                                    030405104
       -----------------------------------------------------------------
                                (CUSIP Number)


       Check the following box if a fee is being paid with the statement
       |_|.   (A  fee  is not required only if the reporting person: (1)
       has a previous statement  on  file reporting beneficial ownership
       of more than five percent of the class of securities described in
       Item  1;  and  (2)  has  filed  no amendment  subsequent  thereto
       reporting beneficial ownership of  five  percent  or less of such
       class.) (See Rule 13d-7.)


       *The remainder of this cover  page  shall  be  filled  out  for a
       reporting  person's  initial  filing on this form with respect to
       the subject class of securities, and for any subsequent amendment
       containing information which would alter the disclosures provided
       in a prior cover page.


       The  information required in the remainder  of  this  cover  page
       shall  not  be deemed to be "filed" for the purpose of Section 18
       of the Securities  Exchange  Act  of  1934  ("Act")  or otherwise
       subject to the liabilities of that section of the Act  but  shall
       be  subject  to all other provisions of the Act (however, see the
       Notes).





      
<PAGE> 
       CUSIP No.  030405104          13G            Page   2  of   5   ages
                 ------------                            -----   -----
       -------------------------------------------------------------------
       1.   NAME OF REPORTING PERSON
            S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Michael Roxborough
           
       -------------------------------------------------------------------
       2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) | |
                                                                 (b) | |
       -------------------------------------------------------------------
       3.   SEC USE ONLY

       -------------------------------------------------------------------
       4.   CITIZENSHIP OR PLACE OF ORGANIZATION

            UNITED STATES
       -------------------------------------------------------------------
                           5.   SOLE VOTING POWER
             
                                362,800
                           -----------------------------------------------
        NUMBER OF          6.   SHARED VOTING POWER
          SHARES
       BENEFICIALLY             0
         OWNED BY          -----------------------------------------------
           EACH            7.   SOLE DISPOSITIVE POWER
        REPORTING       
          PERSON                362,800
           WITH            -----------------------------------------------
                           8.   SHARED DISPOSITIVE POWER

                                0
       -------------------------------------------------------------------
       9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           362,800
       -------------------------------------------------------------------
       10. CHECK  BOX IF THE AGGREGATE  AMOUNT  IN  ROW  (9)  EXCLUDES
           CERTAIN SHARES*  

                                       
       -------------------------------------------------------------------
       11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             4.66%
       -------------------------------------------------------------------
       12. TYPE OF REPORTING PERSON*

           IN
       -------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!




       



<PAGE> 

CUSIP No. 030405104            13G             Page   3   of    5   Pages
          ---------                                 -----     -----
- --------------------------------------------------------------------------

Item 1(a) Name of Issuer
          --------------

          American Wagering, Inc.


Item 1(b) Address of Issuer's Principal Executive Offices
          -----------------------------------------------

          675 Grier Drive
          Las Vegas, Nevada 89119

Item 2(a) Name of Person Filing
          ---------------------
          Michael Roxborough

Item 2(b) Address of Principal Business Office 
          ------------------------------------

          675 Grier Drive           
          Las Vegas, Nevada 89119   

Item 2(c) Citizenship
          -----------

          United States


<PAGE> 

CUSIP No. 030405104            13G              Page   4    of   5   Pages
          ---------                                  -----     -----
- --------------------------------------------------------------------------

Item 2(d) Title of Class of Securities
          ----------------------------

          Common Stock, par value $.01 per share


Item 2(e) CUSIP Number
          ------------

          030405104 


Item 3    Not Applicable

Item 4    Ownership
          ---------

          (a) Michael Roxborough beneficially owned an aggregate of 362,800
              shares of the Issuer's Common Stock, or approximately 4.66% of 
              the shares outstanding as of December 31, 1998.

          (b) Number of shares as to which Michael Roxborough has:
                (i) sole power to vote or to direct the vote- 362,800;
               (ii) shared power to vote or to direct the vote- 0;
              (iii) sole power to dispose of or direct the disposition
                    of- 362,800;
               (iv) shared power to dispose of or direct the disposition
                    of- 0;

Item 5    Ownership of Five Percent or Less of a Class
          --------------------------------------------

          This statement is being filed to report the fact that as of 
          December 31, 1998 the reporting person has ceased to be a 
          beneficial owner of more than five percent of the Issuer's 
          Common Stock.


Item 6    Ownership of More than Five Percent on Behalf of Another Person
          ---------------------------------------------------------------
          No other person has the right to receive or the power to direct the
          receipt of dividends from, or the proceeds from the sale of, the 
          Issuer's shares which are the subject of this Schedule 13G.


Item 7    Identification and Classification of the Subsidiary Which Acquired
          the Security Being Reported on By the Parent Holding Company
          ------------------------------------------------------------------

          Not Applicable


Item 8    Identification and Classification of Members of the Group
          ---------------------------------------------------------

          Not Applicable

<PAGE> 

CUSIP No. 030405104           13G              Page    5    of   5    Pages
          ---------                                  ------    ------

Item 9    Notice of Dissolution of Group
          ------------------------------

          Not Applicable


Item 10   Certification
          -------------

          Not Applicable


Signature

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.



February 11, 1999
- -----------------------------------------------------------
Date


By: /s/ Michael Roxborough
   --------------------------------------------------------

    Michael Roxborough
- -----------------------------------------------------------



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