SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

(Check One):
  [ ] Form 10-K   [ ] Form 20-F   [ ] Form 11-K   [X] Form 10-Q   [ ] Form N-SAR


  For Period Ended: July 31, 2003
                   ------------------

  [ ] Transition Report on Form 10-K
  [ ] Transition Report on Form 20-F
  [ ] Transition Report on Form 11-K
  [ ] Transition Report on Form 10-Q
  [ ] Transition Report on Form N-SAR

  For the Transition Period Ended:
                                  -----------------------------


Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

PART I -- REGISTRANT INFORMATION

         International Lottery & Totalizator Systems, Inc
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Full Name of Registrant


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Former Name if Applicable

         2131 Faraday Avenue
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Address of Principal Executive Office (Street and Number)

         Carlsbad, CA 92024
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City, State and Zip Code

PART II -- RULES 12b-25(b) AND (c)


If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

                  (a) The reasons described in reasonable detail in Part III of
                  this form could not be eliminated without unreasonable effort
                  or expense;
                  (b) The subject annual report, semi-annual report, transition
                  report on Form 10-K, Form 20-F,11-K or Form N-SAR, or portion
[b]               thereof, will be filed on or before the fifteenth calendar day
                  following the prescribed due date; or the subject quarterly
                  report of transition report on Form 10-Q, or portion thereof
                  will be filed on or before the fifth calendar day following
                  the prescribed due date; and
                  (c) The accountant's statement or other exhibit required by
                  Rule 12b-25(c) has been attached if applicable.

PART III -- NARRATIVE

      Additional time is needed by our management to complete their review of
      our Form 10-QSB. The subject 10-QSB annual report will be filed on or
      before the fifth calendar day following the prescribed due date of
      September 14, 2003.

PART IV-- OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this
notification


          M. Mark Michalko               760                    931-4000
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              (Name)                  (Area Code)         (Telephone Number)

(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If answer is no,
identify report(s).

         [X] Yes           [ ] No

(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?

         [ ] Yes           [X] No


If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.


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      International Lottery & Totalizator Systems, Inc. has caused this
notification to be signed on its behalf by the undersigned hereunto duly
authorized.



Date:  September 15, 2003           By:      /s/ M. Mark Michalko
                                        ----------------------------------------
                                             M. Mark Michalko,
                                             President