Abstract: A floating arcade includes a housing in the form of an elongated transparent enclosure with a water pistol operatively connected at one end for directing a jet of water toward targets situated within the housing for striking the same. A siphon tube extends downwardly from the water pistol for immersion in the body of water on which the housing is floatably supported to draw water from the body of water in response to operation of the water pistol. The housing may be floatably supported by buoyant material secured to the underside thereof. The bottom wall of the housing may be perforated for drainage of water from the housing back to the body of water and may be removable for cleaning purposes. In an alternate embodiment, water pistols may be operatively connected to both ends of the housing with a target supported for longitudinal sliding movement between opposite ends of the housing.