1. A loss limit system associated with a gaming system, wherein the gaming system includes a central server, one or more gaming devices, and a network connecting the central server and the gaming devices, the loss limit system comprising: a player identification device associated with a gaming device, wherein the loss limit system checks to confirm that the identified player is enrolled in the system, and if the player is not enrolled, a popup error message is presented and the player is prevented from playing the gaming device; a monetary input device associated with the gaming device; a user interface associated with the player identification device, the monetary input device, and the gaming device; and a loss limit module in communication with the player identification device, the monetary input device, the user interface, and the gaming device, wherein the loss limit module receives a player monetary loss limit, a time period, and a player identification; wherein the loss limit module calculates an amount of currency that is available for the identified player to spend, wherein if the amount of currency that is available for the identified player to spend is less than a smallest bill denomination accepted by the monetary input device, sending a message instructing the monetary input device that no currency may be accepted, and wherein if the amount of currency that is available for the identified player to spend is greater than a smallest bill denomination accepted by the monetary input device, sending a message instructing the monetary input device what currency may be accepted.