1. A system for awarding prizes, the system comprising the following: (A) at least one gaming device, the gaming device being adapted to allow a player to play a game and produce a predetermined prize qualifying event; (B) at least one prize; and (C) at least one vault, the vault being adapted to store and display the prize and dispense the prize after the predetermined prize qualifying event occurs, the vault comprising: (a) a housing; (b) a compartment in the housing, the compartment being adapted to hold the prize, the prize being removeably positioned in the compartment; and (c) a lock, the lock being adapted to limit removal of the prize from the compartment; wherein the player may directly view the actual prize that may be awarded to the player when the prize qualifying event occurs.