This is a variant of the Fab-U-Ball series.
Possibly the world's first solid-state skee ball machine. In early release, the double-stacked beacon may had a rotating light at the top and a strobe light at the bottom (unconfirmed). A complaint was filed that forced to send an update kit to use only a large light bulb.
The game was based on a game featured in a popular TV game show "The Price is Right