Abstract: A gaming machine is configured to accept paper currency from a player for use in placing wagers. The paper currency is accepted by a currency recycler which either stores the paper currency in a storage area or a dispensing area. Upon the gaming machine returning value to the paper, such as upon player cash-out, the recycler dispenses currency from the dispensing area. In one embodiment, a plurality of gaming machines communicate with a server which tracks accrued value at the gaming machines and controls the paper currency recyclers, including to change the amount of currency directed to storage versus dispensing area and/or the denomination of the currency routed to those areas.