TITO (Ticket-In, Ticket-Out) tickets are crucial for the casino industry, serving as electronic vouchers used in gaming machines and kiosks. These tickets replace traditional coin-based transactions, allowing players to insert a ticket to begin play and receive a ticket for any winnings or credits. TITO tickets are encoded with transaction data, making them easy to validate and redeem at various points within the casino. By streamlining cash handling and enhancing player convenience, TITO tickets improve operational efficiency and contribute to a modern, cashless gaming experience.