Sometime later this year, TIBO is scheduled to make its debut if Acres Technology's field test is successful. If your luck sours on one machine, cash out and play at a different one by inserting the ticket produced by the first machine.įlash forward to today. That slip of paper could be taken to a kiosk or a cashier to convert winnings to cash.īut one of the brilliant aspects of printed slips in the later versions of TITO is that slot machines have a reader that enables printed tickets to be replayed on other machines. When a player cashes out, the slot machine prints a bar coded slip of thermal paper showing how much money was won. Under TITO, once play is completed, a button can be pushed to 'cash out'-some with sound effects of coins hitting the coin hopper. The concept was acquired by the old MGM Corp., and slot machine giant IGT negotiated the patents from MGM to perfect the modern slot machine-player transaction. No pennies required.Ī small company, Five Star Solutions, is credited with inventing TITO. So instead, the bill validator was invented and players could acquire 100 credits valued at 1 cent apiece on their machines every time they put a $1 bill in. That's when TITO came to be because players inserting pennies into slots would have resulted in an overwhelming abundance of copper coins. While most players didn't play for pennies, they got satisfaction knowing they'd be able to play more because that low denomination meant a gambling budget could last longer.

Then in the early 1990s, slot machine manufacturers found a new way to generate revenue with the introduction of penny slots.

It's an update to the 'ticket in-ticket out'-TITO-system that most slot players are familiar with.īut not everybody is enamored with what TIBO would do.įor decades, slot players would drop coins into machines and become overjoyed with the sound of nickels, quarters and dollar coins clattering as they dropped into a metal bin at the base of the machine whenever a jackpot was hit. Acres Technology will begin field-testing its new 'ticket in-bonus out'-TIBO-system in the weeks ahead in Elko, Nevada.

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