1. A system for dispensing a payout from a gaming machine which includes means for generating a winning play in the playing of a game of chance, comprising: means for dispensing a payout from a gaming machine in the form of paper tokens, wherein the dispensing means are adapted to be installed in the gaming machine; and software means for interacting with the winning play generating means and for controlling the dispensing means for the payout of the paper tokens responsive to a winning play in the winning play generating means.