Abstract: A computerized lottery (or wagering) system that permits players to select game parameters from remote locations, transfers the selected parameters to a game generator and broadcasts the lottery game on television for public viewing. The broadcasted game may be a race and the game parameters are numbers associated with the participants in the race. Examples of the games contemplated include horse races, dog races, car races and motorcycle races. At a predefined time of day, selection of the game parameters is ended and the game is then broadcast on television so that the players can watch the game and root for their selections. In addition, the system of the present invention determines which players are eligible for a grand prize pool and after the broadcast of the game announces the grand prize winner.