This is the bonus wheel from ICE's "Wheel of Fortune" arcade ticket redemption game. It's one of those "Cyclone"-type games where you stop the light for tickets. If you stop at the blue light, the bonus wheel spins for more tickets.
Am I alone in thinking this game is rigged? Just when you seem to hit the blue light it jumps to the next light or it stops just before the Spin Zone. How did you manage to get the colours? Those look EXACTLY like they would on the actual game.
Timing is everything . Being a huge Wheel of Fortune fan, I've played the game every time I went to an arcade that had one. To me, it wasn't the tickets that were the best part, it was the feeling of getting it and watching the wheel spin.