An automated method of configuring a gaming machine using a storage medium such as a paper ticket containing gaming machine configuration parameter data. The storage medium is read by a gaming machine peripheral device, such as a bill validator, which transmits the data to the gaming machine's central processing unit. The central processing unit stores and implements the new configuration parameters. The storage medium is encoded with a machine-readable indicium such as a bar code, a two-dimensional bar code, or any other format including magnetic storage, holograms, etc. An alternate embodiment uses a computer in communication with the gaming machine's central processing unit to download configuration parameters by electronically simulating the gaming machine's pushbutton controls.