The game was developed by Empire Oxford from the classic Tecmo arcade title and saw off competition from the likes of Catan, Pinball FX, 3D Ultra Minigolf Adventures, Centipede & Millipede and Worms.
Empire is now lining up its second title for XBLA, namely Speedball II: Brutal Deluxe. The Bitmap Brothers' classic sold over two million units on its original release; the new High Definition version will feature more teams and downloadable content.
"We are pleased to be bringing this all time classic to Xbox Live Arcade," said Empire's CEO Ian Higgins. "With its brutal and addictive gameplay, and the ability to play multiplayer over Xbox Live, we are sure this will be the definitive version of Speedball."