System and method are disclosed for conducting a group-wagering game in which players at several gaming terminals may play wagering games and win together. The method and system of the invention involves connecting a bank of gaming terminals to a bank server. The bank server automatically plays a group-wagering game on a periodic basis in which players at the gaming terminals in the bank of gaming terminals may participate. Depending on the outcome of the group-wagering game, eligible players may be awarded prizes outright, or they may be granted a group-bonus game. The prizes and awards won may depend on the amounts wagered at the gaming terminal.