The project initially started as a simulation racer, but later evolving into a more action-oriented title as a homage to Virtua Racing, being reportedly developed under a low budget.

[1][2][3] The player can choose or customize various gameplay options before starting a race, such as the color of the vehicle, weather condition, airfoil setting, types of tires, gear transmission, number of opponents, lap count, and which track to compete on.

[20] Jason Kingsley described it as a homage to Virtua Racing, and stated that the lack of a two-player mode was due to Atari's commission to create a 3D single-player driving game.

[1] GameFan's Dave Halverson and Nicholas Dean Des Barres commended the game's colorful smooth-shaded polygonal graphics and music, but faulted its touchy controls, absurd AI, and frustrating gameplay.

[2] Joypad's Nini Nourdine gave positive remarks to the visuals, numerous circuits, and weather conditions, but the low number of opponents on the track, execrable handling of the vehicle, technical bugs, and lack of a two-player mode were criticized.

[52] MAN!AC's Robert Bannert highlighted the game's variety of options, but felt that the driving experience and graphics were below those of Virtua Racing.

[3] Next Generation highlighted the selection of tracks, weather conditions, and vehicle customization, but they expressed that the game's blend of "celerity without control ensures many hours of frustrating gameplay".

[8] GamePro's Sarah Nade singled-out the lack of a two-player mode as the game's biggest flaw, and Play Time's Stephan Girlich panned its imprecise controls.

[48][56] An editor of German publication ST-Computer gave the game's visuals positive remarks for their variety and depictions of the different weather conditions, but criticized its audio department, gameplay, controls, and unfair AI.

[4] Video Games' Hartmut Ulrich lambased the gameplay for its sensitive controls, and opined that Virtua Racing Deluxe on 32X looked better than Checkered Flag on the Jaguar.

[51] Writing for the German magazine Jaguar, Daniel Jaeckel commended the game's fun factor, while Digital Press' Edward Villalpando criticized the audiovisual presentation and controls.

[57] Brett Daly of Jaguar Front Page News (a part of the GameSpy network) lauded the game's polygon graphics and audio, but criticized its touchy gameplay and lack of a save feature during tournament mode.

[58] Nils of the German website neXGam found the game's visuals to be endearing but noted the lack of a two-player mode, and faulted its annoying controls and AI.