
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.
Basic information
| Software | Pragmatic Play |
|---|---|
| Release year | 2024 |
| RTP | 96.46% |
| Volatility | Not published |
| Max win | Not published |
| Hit frequency | Not published |
| Features | Megaways, Cascading reels, Free spins |
| Game type | Slot |
| Data verified | 2026-09-28 |
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.
Slots like Mustang Gold Megaways
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
| Bet | Wagered | Average 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
- 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.












