Various embodiments of the present disclosure are directed to a gaming system and method providing a multi-hand card game wherein the gaming system provides a new draw hand for a designated hand of cards. In one embodiment, the gaming system displays a plurality of wagered-on hands of cards. The gaming system determines and displays any awards associated with the wagered-on hands of cards. The gaming system also determines whether any of the wagered-on hands of cards include any designated card combinations. For any of the wagered-on hands of cards including one of the designated card combinations, the gaming system displays a new hand of cards. The gaming system determines and displays any awards associated with each new hand of cards. In various embodiments, the gaming system repeats this process until a terminating condition occurs.