Patent ID: 8734240

Claim:
A method for administering a lottery in combination with a pari-mutuel pool for an event selected by a player and scheduled for a future date, comprising the steps of: generating a ticket at a point-of-purchase terminal that includes a series of randomly generated numbers and is acquired for a purchase price; recording the generation of the ticket at a first computer server in communication with the point-of-purchase terminal; allocating a first portion of the purchase price to the pari-mutuel pool for the event and entering a wager in the amount of the first portion of the purchase price in the pari-mutuel pool for the event via communication between the first computer server and a second computer server managing the pari-mutuel pool for the event; allocating a second portion of the purchase price to a supplemental payout pool; determining, after occurrence of the event, and using the first computer server, whether the series of randomly generated numbers on the ticket matches a winning series of numbers determined by the event, and if so, determining, using the first computer server, a preliminary amount of a payout from the wager in the pari-mutuel pool for the event via communication with the second computer server that manages the pari-mutuel pool; and determining, after occurrence of the event, and using the first computer server, whether the preliminary amount of the payout from the wager in the pari-mutuel pool exceeds a predetermined minimum amount, and if not, using the supplemental payout pool to supplement the payout from the wager in the pari-mutuel pool, resulting in a final payout.