It's baffling to me. My Gulfstream backbox display will light up one of a series of numbers, separated into 10's. On my machine this number seems to pop up randomly and has no connection to the final score. I was a kid in the late EM era and spent a lot of time at the arcade, but for the life of me, I can't remember what this is about.
Also, I assume the 100,000 indicator that is just visible in the photo, is to show when you have lapped the score reels. If so, my light must be burned out, because my son has turned it over and it never came on.