A lockable wagering chip container is disclosed which includes a case, a drawer, and a lock mechanism. The case includes a case top, a case bottom, two case sides, and two case ends. The case top includes a through-hole and at least one of the two case ends is open. The drawer includes a drawer top, a drawer bottom, two drawer sides, and two drawer ends. The drawer bottom, two drawer sides, and two drawer ends partially enclose a drawer interior configured to hold a plurality of chips; the drawer top is open. At least one of the drawer ends includes a chip slot configured to accept a chip inserted when the drawer is in a closed position. The lock mechanism is positioned within the case and configured to secure the drawer in the closed position until the lock mechanism is released by a key inserted into the through-hole.