A system for multi-level wagering has one or more multi-level wagering accounts in which accumulated play value is stored. A computer may be used to track play value in the multi-level wagering accounts. Play value is distributed from a portion of the sales price of other multi-level wagering accounts, e.g., until a predetermined play value is achieved. One or more multi-level gaming machines may be operated by play value from the multi-level wagering accounts.