The role of individual differences in the desire to control events in an “illusion of control” situation was examined. Subjects high and low in the desire for control played several trials of a gambling game under conditions either facilitating or not facilitating the perception that the subject had control over the outcome of the game. Half of the subjects were allowed to trade their winnings in on prizes at the end of the experiment. The other half played the game without extrinsic incentives. It was found that high desire-for-control subjects were more susceptible to the illusion of control, but only when the winnings could be traded in on prizes. Desire for control level and illusion of control manipulations did not appear to affect betting behavior in the absence of extrinsic rewards.