Method and system for facilitating monetary value gaming ticket redemption

A cashless gaming system configured to facilitate coinless monetary value ticket redemption comprising:

• at least one gaming device which presents one or more wagering games and dispenses physical monetary value tickets;
• at least one casino accounting server which is in communication with said at least one gaming device at one or more times, said at least one casino accounting server configured to store information regarding said monetary value ticket, including a ticket identifier and a monetary value of said ticket;
• at least one redemption kiosk having at least one ticket reader, at least one display device, at least one user input device, at least one currency dispensing device, at least one processor, at least one memory, and machine readable code stored in said memory and executable by said processor to:
• transmit information regarding a ticket presented to said at least one ticket reader to said at least one casino accounting server for validation;
• when said ticket is validated by said at least one casino accounting server and a monetary value of said ticket has a fractional monetary value of currency, present an option to play a wagering game based upon a wager of said fractional currency value;
• accept input from a user of the kiosk to play said wagering game via an input device of said kiosk via said at least one user input device;
• to present said wagering game;
• when an outcome of said wagering game is losing, redeem said ticket for a first whole currency value comprising said monetary value less said wager by causing said at least one currency dispensing device to dispense from said kiosk currency in the amount of said first whole currency value;
• and
• when an outcome of said wagering game is winning, redeem said ticket for said first whole currency value by dispensing from said kiosk currency in the amount of said first whole currency value and additionally award a winning award to said user.