Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  FOLLMER WILLIAM CURTISS
2. Date of Event Requiring Statement (Month/Day/Year)
10/25/2006
3. Issuer Name and Ticker or Trading Symbol
BALLY TECHNOLOGIES, INC. [BYI]
(Last)
(First)
(Middle)
749 MALLET ROAD
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP & General Manager
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

VICKSBURG, MS 39180
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
BYI Common Stock $0.10 par value per share 2,620
D
 
BYI Common Stock $0.10 par value per share 2,620
I
Owned by spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (right to buy)   (1) 12/11/2011 BYI Common Stock, $0.10 par value per share 10,000 $ 13.75 D  
Employee Stock Options (right to buy)   (1) 12/03/2012 BYI Common Stock, $.10 par value per share 20,000 $ 17.35 D  
Employee Stock Options (right to buy)   (1) 08/12/2013 BYI Common Stock, $10 par value per share 20,000 $ 21.53 D  
Employee Stock Options (right to buy)   (2) 08/17/2014 BYI Common Stock, $0.10 par value per share 20,000 $ 13.86 D  
Employee Stock Options (right to buy)   (3) 08/24/2015 BYI Common Stock, $0.10 par value per share 20,000 $ 12.07 D  
Employee Stock Options (right to buy)   (4) 10/25/2016 BYI Common Stock, $0.10 par value per share 20,000 $ 19.47 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FOLLMER WILLIAM CURTISS
749 MALLET ROAD
VICKSBURG, MS 39180
      SVP & General Manager  

Signatures

Curt Follmer 11/27/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Options are currently exercisable.
(2) 13,333 of such options are currently exercisable. Remainder of options vest on 8/17/2007.
(3) 6,666 of such options are currently exercisable. Remainder of options vest in 2 installments and become exercisable as follows: (i) 6,667 on 8/24/2007 and (ii) 6,667 on 8/24/2008.
(4) Options vest in 4 equal installments and become exercisable as follows: (i) 5,000 on 10/25/2007, (ii) 5,000 on 10/25/2008, (iii) 5,000 on 10/25/2009 and (iv) 5,000 on 10/25/2010.

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