Method and system for administering a lottery in combination with a pari-mutuel pool

1. 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.

2. The method as recited in claim 1 , wherein the point-of-purchase terminal includes a software-implemented random number generator that generates the series of randomly generated numbers for the ticket.

3. A method for administering a lottery in combination with a pari-mutuel pool for one or more horse races 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 that correspond to entrants in the one or more horse races as selected by a player 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 one or more horse races and entering a wager in the amount of the first portion of the purchase price in the pari-mutuel pool via communication between the first computer server and a second computer server managing the pari-mutuel pool;

allocating a second portion of the purchase price to a supplemental payout pool;

determining, after occurrence of the one or more horse races, 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 one or more horse races, 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 one or more horse races via communication with the second computer server that manages the pari-mutuel pool; and

determining, 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.

4. The method as recited in claim 3 , wherein the point-of-purchase terminal includes a software-implemented random number generator that generates the series of randomly generated numbers for the ticket.

5. The method as recited in claim 3 , in which a three-digit series of numbers is randomly generated and treated as a trifecta wager on one horse race.

6. The method as recited in claim 3 , in which a four-digit series of numbers is randomly generated and treated as a superfecta wager on one horse race.

7. The method as recited in claim 3 , in which a six-digit series of numbers is randomly generated and treated as a Pick 6 wager on six separate horse races.

8. 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 player-selected 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;

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 player-selected 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, 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.

9. The method as recited in claim 8 , wherein the player-selected numbers correspond to entrants in one or more horse races.

10. The method as recited in claim 9 , in which the series of player-selected numbers includes three numbers and is treated as a trifecta wager on one horse race.

11. The method as recited in claim 9 , in which the series of player-selected numbers includes four numbers and is treated as a superfecta wager on one horse race.

12. The method as recited in claim 9 , in which the series of player-selected numbers includes six numbers and is treated as a Pick 6 wager on six separate horse races.

13. A system 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:

multiple point-of-purchase terminals, each such point-of-purchase terminal for generating tickets, each ticket including a series of randomly generated numbers and being acquired for a purchase price;

a first computer server in communication with the multiple point-of-purchase terminals for recording the generation of each ticket, said first computer server allocating a first portion of the purchase price of each ticket to the pari-mutuel pool for the event, and said first computer server allocating a second portion of the purchase price of each ticket to a supplemental payout pool; and

a second computer server for managing the pari-mutuel pool for the event, said second computer server in communication with the first computer server, and said second computer server receiving and recording a wager in the amount of the first portion of the purchase price in the pari-mutuel pool associated with each ticket;

wherein, upon an occurrence of the event, said first computer server (i) determines whether the series of randomly generated numbers on each ticket matches a winning series of numbers determined by the event, and if so, determines 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 for the event, and (ii) determines whether the preliminary amount of the payout from the wager in the pari-mutuel pool exceeds a predetermined minimum amount, and if not, uses the supplemental payout pool to supplement the payout from the wager in the pari-mutuel pool, resulting in a final payout.