Jet Moto 3 was released exclusively for the PlayStation video game console on August 31, 1999. It was the first and only Jet Moto title released by developer Pacific Coast Power & Light and publisher 989 Sports. It has been released only in North America. It was released on the PlayStation Network on February 21, 2008 but was removed shortly thereafter for undisclosed reasons.
The game received moderately positive reviews, averaging 75.75% at video game aggregate site GameRankings. Reviewers generally praised the game's visuals, considering them an improvement over the previous installments. Jet Moto 3 would be the last title to date in the Jet Moto series. Two additional sequels, Jet Moto 2124 and Jet Moto: SOLAR were cancelled during development.