Published by Activision, Wipeout in the Zone will be available on Xbox 360 and will support the Kinect motion controller.
It will feature more than 30 obstacles to avoid, including the Smack Wall Sweeper and Big Balls, and can be played over one continuous course or as individual events.
Commentary from show presenters John Anderson and John Henson, and co-host Jill Wagner will also be featured in the game.
"Everyone who watches the show wishes they could try the obstacle course - and now this is their chance!" said Activison's David Oxford.
"The show is all about absurd movement and well-timed balance, so it's a perfect fit for a Kinect game."
Endemol of America chairman David Goldberg added: "We are thrilled to be continuing our successful relationship with ABC and Activision.
"Not only is this new Wipeout game filled with even more humour, spills and thrills, but now the entire family can play interactively with the new full motions capabilities.
"This game introduces a new level of excitement for Wipeout fans of all ages to play."
Wipeout in the Zone will be available this summer to coincide with the show's new season on ABC.