Most switching power supplies (the kind used in computers and arcades) are rated in terms of maximum power input (above which they'll either shut down or blow up). The output is less than that by the efficiency of the conversion process (usually around 75-90% or so). However, the output power is determined by the load you have hooked up to it. The input power then scales accordingly. In other words, if you have a 10W load on a 500W PC power supply, it'll probably only be drawing 15-25W (efficiency drops at lower power loads due to non-varying overhead).
Linear power supplies behave the same way, but the efficiency is lower, and they're usually rated in power output, rather than input.