Whammy! The All-New Press Your Luck is an updated version of the American television game show Press Your Luck. It has aired on the Game Show Network since April 15, 2002; though the show is no longer in production, reruns can still be seen. Todd Newton hosted the show, with Gary Kroeger announcing.

Gameplay remains largely the same, and the evil Whammy takes away the winnings of any contestant who lands on it. However, there are some differences between the two shows:

In the first round, Whammy! does not include a question round, as was the case in Press Your Luck. Instead, contestants start at the game board, alternating with a chance to spin at the board. Each contestant is given $1,000 to start the show (in early episodes they start at $0). 
If the player doesn't wish to spin, he/she may "freeze" his/her winnings, which means that his/her score is safe and the contestant won't have to worry about hitting the dreaded Whammy & lose all their money. 
As in the old show, four Whammies are featured on the board, but after each set of spins, four more Whammies are added. In addition, if a player hits a Whammy in the first round, he/she not only loses the money but is also eliminated from the round. 
Round two is played exactly like the original show, with a series of questions being asked at the beginning of the round. Five questions are being asked in this round instead of four, and the maximum number of spins a contestant may earn is 15 as opposed to 12 in the original. 
Round three is dubbed the Big Board Round. In addition to the original Whammies, a new character has been added to the board. The Double Whammy is the same as a regular Whammy, but with a messier scheme. Contestants may pass their spins to the player in the lead (or in second place if already in the lead) if they so desire, as in the original series. 
Unlike the original series, champions do not get to return for another show. However, if two or more contestants end the show with $0 and less than four Whammies, they may participate again in a future show. 
Instead of the cartoon drawings on the old show, the Whammies are rendered in 3-D effects. 
A new feature called the "Big Bank" was added for the show's second season in 2003. The "Big Bank" always begins with $3,000, and the money that contestants lose after a Whammy is hit is added into the bank. If a player hits the "Big Bank" square, the host asks a difficult general-knowledge trivia question to the contestant, who collects the money in the bank if the question is answered correctly.


Trivia
Original Press Your Luck host Peter Tomarken hosted 1 1/2 episodes of the new series. One was an unaired pilot (2 pilots were shot, one with Tomarken and one with Newton), and the half-episode was when Tomarken came back as host for the question round of the special episode which pitted the brother of Michael Larson against Larson's original opponents from 1984 from what had been since dubbed the "Larson Incident" on the original Press Your Luck.

While the game was in development, its codename was "Project NYPL" (also called "Project Nipple").