Dark Corona Pegasus is a 2D vertical scrolling shoot 'em up. The player controls a space ship and shoots enemy ships. At the end of each level a powerful boss awaits. The game has a space shop, where weapons such as rockets, lasers, etc. can be bought with gold earned during missions. The game has two modes: arcade, with typical shooting, and space flight, where the player flies between planets. In the latter the game uses Asteroids-style controls.