JACKPOT ENTERPRISES INC
4, 1999-10-12
MISCELLANEOUS AMUSEMENT & RECREATION
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

|_|   Check this box if no longer subject to Section 16. Form 4 or Form 5
      obligations may continue. See Instruction 1(b).

================================================================================
1. Name and Address of Reporting Person*

   MARKIN                DAVID                     R.
- --------------------------------------------------------------------------------
   (Last)               (First)                 (Middle)

1110 PALMS AIRPORT DRIVE
- --------------------------------------------------------------------------------
                                    (Street)

LAS VEGAS                 NV                    89119
- --------------------------------------------------------------------------------
   (City)               (State)                 (Zip)

================================================================================
2. Issuer Name and Ticker or Trading Symbol

   JACKPOT ENTERPRISES, INC. (J)
================================================================================
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)

   ###-##-####
================================================================================
4. Statement for Month/Year

   September 1999
================================================================================
5. If Amendment, Date of Original (Month/Year)


================================================================================
6. Relationship of Reporting Person to Issuer
   (Check all applicable)

   |X|   Director                             |_|   10% Owner
   |_|   Officer (give title below)           |_|   Other (specify below)

================================================================================
7. Individual or Joint/Group Filing (Check Applicable Line)

   |X|  Form filed by one Reporting Person
   |_|  Form filed by more than one Reporting Person

================================================================================

* If the Form is filed by more than one Reporting Person, see Instruction
  4(b)(v).

================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                                     6.
                                                      4.                              5.             Owner-
                                                      Securities Acquired (A) or      Amount of      ship
                                         3.           Disposed of (D)                 Securities     Form:     7.
                                         Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    Nature of
                           2.            Code         ----------------------------    Owned at End   (D) or    Indirect
1.                         Transaction   (Instr. 8)                   (A)             of Month       Indirect  Beneficial
Title of Security          Date          ------------     Amount      or     Price    (Instr. 3      (I)       Ownership
(Instr. 3)                 (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                        <C>            <C>      <C>    <C>         <C>    <C>       <C>           <C>       <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                                                           240,885       D
Par Value $.01
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>

Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.


                                   Page 1 of 2
<PAGE>

FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
            (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
<TABLE>
<CAPTION>
                                                                                                           9.       10.
                                                                                                           Number   Owner-
                                                                                                           of       ship
                 2.                                                                                        Deriv-   Form of
                 Conver-                    5.                              7.                             ative    Deriv-   11.
                 sion                       Number of                       Title and Amount               Secur-   ative    Nature
                 of                         Derivative    6.                of Underlying          8.      ities    Secur-   of
                 Exer-             4.       Securities    Date              Securities             Price   Bene-    ity:     In-
                 cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)       of      ficially Direct   direct
                 Price    Trans-   action   or Disposed   Expiration Date   ---------------------  Deriv-  Owned    (D) or   Bene-
1.               of       action   Code     of(D)         (Month/Day/Year)                 Amount  ative   at End   In-      ficial
Title of         Deriv-   Date     (Instr.  (Instr. 3,    ----------------                 or      Secur-  of       direct   Owner-
Derivative       ative    (Month/  8)       4 and 5)      Date     Expira-                 Number  ity     Month    (I)      ship
Security         Secur-   Day/     ------   ------------  Exer-    tion                    of      (Instr. (Instr.  (Instr.  (Instr.
(Instr. 3)       ity      Year)    Code V    (A)   (D)    cisable  Date     Title          Shares  5)      4)       4)       4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>              <C>      <C>      <C>  <C>  <C>   <C>    <C>      <C>      <C>            <C>     <C>     <C>      <C>      <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Buy    $10.6300                                 06/14/94 06/14/99 Common Stock   33426           33426     D
Common Stock                                                                Par Value $.01
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Buy     $9.5000                                 09/30/94 06/30/99 Common Stock   27500           27500     D
Common Stock                                                                Par Value $.01
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Buy     $9.1900                                 08/17/94 10/18/99 Common Stock   60168           60160     D
Common Stock                                                                Par Value $.01
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Buy    $10.7500                                 09/30/95 06/30/00 Common Stock   27500           27500     D
Common Stock                                                                Par Value $.01
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Buy    $10.0000                                 09/30/96 06/30/01 Common Stock   27500           27500     D
Common Stock                                                                Par Value $.01
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Buy    $11.5000                                 09/30/97 06/30/02 Common Stock   27500           27500     D
Common Stock                                                                Par Value $.01
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Buy     $9.9375                                 09/30/98 06/30/03 Common Stock   27500           27500     D
Common Stock                                                                Par Value $.01
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Buy      8.7500  6/30/99  A        27500        09/30/99 06/30/04 Common Stock   27500   8.75    27500     D
Common Stock                                                                Par Value $.01
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Buy      9.0000  9/14/99  A        15000        09/14/00 09/14/09 Common Stock   15000   9.00    15000     D
Common Stock                                                                Par Value $.01
- ------------------------------------------------------------------------------------------------------------------------------------
Option to Buy      9.0000  9/14/99  A        15000        09/14/01 09/14/09 Common Stock   15000   9.00    15000     D
Common Stock                                                                Par Value $.01
====================================================================================================================================
</TABLE>
Explanation of Responses:



**  Intentional misstatements or omissions of facts constitute Federal Criminal
    Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).


/s/ David R. Markin                                             10/12/99
- ---------------------------------------------            -----------------------
** Signature of Reporting Person                                  Date

Note: File three copies of this Form, one of which must be manually signed. If
      space provided is insufficient, see Instruction 6 for procedure.


                                   Page 2 of 2



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