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Mustang Gold Megaways slot by Pragmatic Play

Mustang Gold Megaways Slot Review

Free demo, RTP, volatility and max win

7.9Value score · Good · how it works

Mustang Gold Megaways review: a 2024 Pragmatic Play Wild West slot with 117,649 ways, four fixed prizes up to 2,500x and a 96.46% RTP.

  • #85by value of 321 slots from 2024
  • #1042by RTP of 3,708 slots
  • #1231by value of 3,708 slots

Play Mustang Gold Megaways free: demo, no sign-up

Free play money from Pragmatic Play's official demo. 18+. No deposit and no account; a demo does not predict real results.

Mustang Gold Megaways · Pragmatic Play official demo

Basic information

Mustang Gold Megaways basic information
SoftwarePragmatic Play
Release year2024
RTP96.46%
VolatilityNot published
Max winNot published
Hit frequencyNot published
FeaturesMegaways, Cascading reels, Free spins
Game typeSlot
Data verified2026-09-28

Source: Pragmatic Play game page; RTP database by toolsgambling.com (CC BY 4.0); image: Pragmatic Play promotional image from the official game page. How we collect data · Report a mistake

Mustang Gold Megaways review

Mustang Gold Megaways takes a Western setting and puts it on a 6x7 Megaways grid with tumbling reels. The unusual part is not the ways count but the money-collection layer: coin symbols carry cash prizes, collect symbols gather them, and four fixed prizes sit above them. A feature that lets you gamble for extra free spins before the bonus begins adds a decision to the round.

Ways, tumbles and money symbols

The grid is 6x7 and the studio quotes up to 117,649 ways to win. Tumbling reels remove winning symbols and drop in new ones, giving a spin more than one chance to pay.

Money symbols award up to 15x the bet. Four fixed jackpots are listed at 20x, 50x, 100x and 2,500x the bet. Collect symbols turn these into instant prizes, and some of them multiply the wins, although the studio does not say which symbols do the multiplying or by how much.

The bonus and its gamble

The bonus game starts when a scatter and a collect symbol land together. Each scatter awards up to five free spins for every collect symbol that arrives with it. So the size of the opening award depends on how many collect symbols come along.

Gamble for free spins

Before the feature begins, you can gamble up to five times for extra free spins. The studio says the chance of success rises after each successful gamble. The studio does not describe what happens after an unsuccessful attempt, so read its rules in the demo before relying on this step.

Sticky collect symbols

During the free spins, collect symbols stay in place and work their way down the reels. They trigger respins and prizes as they go, and this descent is where the 5,000x maximum win stated by the studio can be reached.

RTP, cost and the max win question

There is a single RTP on record, 96.46%, which gives a house edge of 3.54%. That is about $35.40 lost per $1,000 wagered. A 100-spin session costs $0.71 at a $0.20 bet, $3.54 at $1 and $17.70 at $5.

Our catalogue shows no max win and no volatility label for this game. The 5,000x ceiling comes from Pragmatic Play's own description, so treat it as the studio's claim.

The original and the Megaways family

The 2018 original, Mustang Gold, lists 96.53%, slightly above this version. Among 2024 Megaways releases from the same studio, Money Stacks Megaways sits at 96.52%, Sumo Supreme Megaways at 96.55% and Barnyard Megahays Megaways and Might of Freya Megaways at 96.5%. Revenge of Loki Megaways, at 96.51%, and Release the Kraken Megaways, at 96.4%, both show a 10,000x max win in the catalogue, which is double what this game's studio text states.

Pros

  • Four fixed prizes at 20x, 50x, 100x and 2,500x the bet
  • Optional gamble of up to five attempts for extra free spins before the bonus
  • Sticky collect symbols add respins during the free spins
  • Free official demo available

Cons

  • The stated 5,000x maximum win is lower than the 10,000x shown for some other 2024 Megaways games
  • No volatility label or max win in the catalogue

Verdict

Mustang Gold Megaways pairs 117,649 ways with a cash-collecting bonus and a gamble for free spins. The 96.46% RTP and 3.54% house edge are close to the studio's usual range, and the maximum win is stated only in the studio text, at 5,000x. Volatility is not published. Use the free demo to see how the gamble and the collect symbols behave, and keep the average cost of about $35.40 per $1,000 in mind.

Sources: Pragmatic Play official game page; RTP, volatility and max win from the open Slot RTP Database.

Mustang Gold Megaways series

1 other game of the same franchise by Pragmatic Play, oldest first.

Mustang GoldPragmatic Play · RTP 96.53%

Slots like Mustang Gold Megaways

Barnyard Megahays MegawaysPragmatic Play · RTP 96.5%
Might of Freya MegawaysPragmatic Play · RTP 96.5%
Revenge of Loki MegawaysPragmatic Play · RTP 96.51%
Release the Kraken MegawaysPragmatic Play · RTP 96.4%

Mustang Gold Megaways RTP

The data lists one RTP for Mustang Gold Megaways. Versions are not tracked for Pragmatic Play games, so other versions may exist; check the game's info screen.

  • 96.46% $35.40 lost per $1,000

Cost of 100 spins

Expected cost of 100 spins
BetWageredAverage cost at 96.46%
$0.20$20$0.71
$1$100$3.54
$5$500$17.70

Averages computed from the published RTP; real sessions vary widely around them. RTP calculator

Mustang Gold Megaways max win, volatility & stats

Headline RTP vs all slotshigher than 72%
Lowest recorded RTP vs all slotshigher than 75%
RTP among Pragmatic Play games#422 of 632
Value score
7.9 / 10
Lost per $1,000 (average)
$35.40
Max win at $1 bet
–
Wins on average
–

Percentiles compare this game with the 3,708 games in the catalogue. Max win: not published.

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Mustang Gold Megaways Slot FAQ

What is the RTP of Mustang Gold Megaways?
The listed RTP is 96.46%, a house edge of 3.54%. That is about $35.40 lost per $1,000 wagered over a long run.
How many ways to win does Mustang Gold Megaways have?
The studio quotes up to 117,649 ways on a 6x7 grid.
What are the fixed jackpots in Mustang Gold Megaways?
Four fixed prizes are listed: 20x, 50x, 100x and 2,500x the bet.
Is there a Mustang Gold Megaways demo?
Yes. Pragmatic Play offers an official free demo.
Is there a best time to play Mustang Gold Megaways?
No. Every spin is decided by a certified random number generator and is independent of the time, the day and earlier spins. The 96.46% RTP is a long-run average, not a schedule.
Who makes Mustang Gold Megaways?
Mustang Gold Megaways is made by Pragmatic Play and was released in 2024. Every Pragmatic Play game in the catalogue is listed on the studio’s page.
How much does Mustang Gold Megaways cost per $1,000 wagered?
On average about $35 at 96.46% RTP. This is a long-run average, not a prediction for a session.
Where does the data on Mustang Gold Megaways come from?
The RTP, volatility, max win and release details come from the Slot RTP Database by toolsgambling.com (CC BY 4.0), which links each row to the studio’s own page. It was last verified on 2026-09-28.