Mustang Gold Megaways Slot Review

⭐ 7/10
Create by: Pragmatic Play
Review by:
Posts by Michael White
Updated: December 1, 2025

Mustang Gold Megaways is a High volatile slot from Pragmatic Play with an RTP 96.55% | 95.56% | 94.48% and up to x5000 maximum win. Play demo for free.

Mustang Gold Megaways Slot Demo

Software
Release Date
2024-09-02
RTP
96.55% | 95.56% | 94.48%
Max Win
x5000
Volatility
High
Bet Range ($,€,£)
0.20 - 240
Number of Reels
6
Betways
117649
Features
Adventure, Animals, Bonus Bet, Bonus Buy, Cascading Reels, Cowboys, Gamble, Gold, Megaways

Overview of Mustang Gold Megaways Video Slot

Mustang Gold Megaways drops me straight back into Pragmatic Play’s Wild West, only this time the action rides on a Megaways engine. You get 6 main reels plus a horizontal sliding reel, with up to 117,649 ways to win on any spin. Winning symbols are removed by the Tumble mechanic, letting new ones drop in for extra hits. On top of standard wins, the game leans heavily on Money symbols, Collect symbols and fixed jackpots.

Stakes run from 0.20 up to a chunky 240 per spin, so both casual spinners and high rollers are covered. The top-end RTP sits around 96.46–96.55%, with alternative lower settings depending on the casino. Variance is high and the max win is capped at 5,000x your bet, which is modest for a Megaways slot. What keeps me engaged is the mix of tumbles, instant prizes and the way jackpots can stack.

Mustang Gold Megaways slot screenshot

Theme & Design: Wild West Adventure in Mustang Gold Megaways

Mustang Gold Megaways is as Wild West as they come. The reels sit over sun baked plains and distant mountains, with pastel skies giving the whole scene a slightly retro feel. The cowboy, cowgirl and the two mustangs carry over from the first game, supported by card royals and classic Western trinkets like horseshoes. The honky tonk soundtrack and punchy win sounds do a solid job of keeping that frontier atmosphere ticking along.

Game Symbols and Payouts in Mustang Gold Megaways

On the paytable, the White Horse is king, paying 1x, 2x, 3x or 5x your bet for 3, 4, 5 or 6 of a kind. The Black Horse follows at up to 2x, then the Cowboy at 1.5x and Cowgirl at 1.2x for a six symbol hit. A, K, Q and J sit at the bottom, with full lines ranging from 0.75x down to 0.4x. Payouts are modest, but the real action comes from the features.

The game logo Wild appears on reels 2 to 6, substituting for regular pays. The bonfire Scatter reveals 1 to 5 free spins when collected. Golden Horseshoe Money symbols land with values from 2x to 15x your bet, while special Jackpot Money symbols can award Mini, Minor, Major or Grand prizes worth 20x, 50x, 100x or 2,500x. A silver Sheriff Star Collect symbol is needed to grab any Money or Scatter values in view.

Symbols and Paytable

Symbol Quantity Payout
icon 1 6 x5
5 x3
4 x2
3 x1
icon 2 6 x2
5 x1.1
4 x0.9
3 x0.7
icon 3 6 x1.5
5 x1
4 x0.8
3 x0.6
icon 4 6 x1.2
5 x0.9
4 x0.7
3 x0.5
icon 5 6 x0.75
5 x0.5
4 x0.4
3 x0.3
icon 6 6 x0.6
5 x0.4
4 x0.3
3 x0.2
icon 7 6 x0.5
5 x0.3
4 x0.2
3 x0.1
icon 8 6 x0.4
5 x0.25
4 x0.15
3 x0.5
icon 9 Scatter

How to Play Mustang Gold Megaways

Playing Mustang Gold Megaways is not rocket science. I set my stake with the + and - buttons, anywhere between 0.20 and 240 per spin. Wins form when matching symbols land on at least three adjacent reels from the left. With the Megaways system, reel heights change every spin and a maxed out grid gives those 117,649 win ways. Each winning combination triggers the Tumble feature, so several payouts can land from a single bet.

For a closer look at symbol values I click the small i icon to open the paytable and rules. The main spin button does the heavy lifting, while Autoplay suits those times I want the reels spinning while I sit back. Quick Spin and sound controls are tucked away in the menu, so I can speed things up or quieten the soundtrack when I am grinding out a longer session.

The top horizontal reel is worth keeping an eye on. It feeds symbols into reels 2 to 5 and can complete lines that look dead on the main set. Because of the tumbling system, I have found it pays to think in rounds rather than single spins; a modest first hit can grow once extra symbols drop in, especially when Money symbols or Collect symbols appear mid sequence.

Free Spins and Bonus Rounds in Mustang Gold Megaways

Money and jackpot collection sits at the heart of Mustang Gold Megaways. Golden Horseshoe Money symbols and coloured Jackpot Money symbols only pay when a Collect symbol lands. In the base game, that Sheriff Star pulls in all Money and Scatter values shown. Scatters each reveal 1 to 5 free spins, and the total collected becomes your starting spin count. I like that extra layer; you feel involved before the bonus even starts.

Before free spins begin, you can gamble that starting number on a wheel for +3 or +5 spins, up to 5 times and a theoretical 100 spins. Miss the gamble, though, and you lose the lot, which can sting. During free spins, Golden Collect symbols gather Money and Scatter values, then move down one row while the remaining positions respin. Ante Bet can be switched on for 50% extra per spin to double free spin hit rate, and non UK players can pay 120x stake to buy the bonus with at least 3 spins.

Betting Volitality and RTP (Return to Player) in Mustang Gold Megaways

Mustang Gold Megaways is rated high volatility, a full 5 out of 5 in Pragmatic Play’s scale. The main RTP sits around 96.46–96.55%, with alternative settings at 95.56% and 94.48%, so I always check which version I am on. Hit frequency is about 1 in 2.39 spins, while the free spins bonus averages around 1 in 365.59 spins. The 5,000x max win is rare, with a listed hit rate of 1 in 151,515,152 spins.

Mustang Gold Megaways slot screenshot

Is Mustang Gold Megaways a Good Game?

As someone who spent plenty of time with the original Mustang Gold, this Megaways follow up feels like a natural extension rather than a radical overhaul. The Grand jackpot climbing to 2,500x is a nice touch if you enjoy chasing fixed prizes. Money symbols, tumbling wins and the Golden Collect symbol keep the base and bonus rounds ticking along, and when several Collect symbols land together, the screen can light up very quickly.

On the flip side, a 5,000x cap does feel a bit light for a Megaways slot, especially when many peers push far higher. The adjustable RTP range is another point I am wary of, as the lower settings do chip away at long term value. The free spins gamble feature is a proper high risk choice; landing a low number of spins then losing them on a failed gamble can be pretty tilting.

Despite those gripes, I keep coming back to Mustang Gold Megaways when I fancy a Western with solid collect style gameplay. It is not a revolutionary game, but it does a decent job of modernising a fan favourite without stripping away its charm. If you enjoy tumble wins, instant prizes and the tension of gambling for extra free spins, this slot offers enough entertainment to justify saddling up now and then.

Screenshots

Mustang Gold Megaways slot screenshot 1
Mustang Gold Megaways slot screenshot 2
Mustang Gold Megaways slot screenshot 3
Mustang Gold Megaways slot screenshot 4
Mustang Gold Megaways slot screenshot 5
Mustang Gold Megaways Final Ratings
Theme & Symbols








Sounds & Music








Bonus Features








RTP (96.55% | 95.56% | 94.48%)








Max Win (x5000)








Originality








FAQs About Mustang Gold Megaways

Can I play Mustang Gold Megaways free slot?

Absolutely! You can enjoy Mustang Gold Megaways for free on our website without registration. Our partner casinos of Pragmatic Play also usually offer demo mode access.

Can I win real money on Mustang Gold Megaways slot?

Yes, to win real money in Mustang Gold Megaways, you'll need to create an account at a licensed casino site. You can then play for real and win up to x5000.

Can I play Mustang Gold Megaways slot on mobile phone?

Yes, Mustang Gold Megaways is fully optimized for mobile devices and runs smoothly on any devices.

Compare Mustang Gold Megaways With Other Slots

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Mustang Gold Megaways 7 Pragmatic Play 2024-09-02 High 96.55% | 95.56% | 94.48% 0.20 - 240 x5000 6 117649
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Yeti Quest 7.5 Pragmatic Play 2024-08-12 High 96.06% | 95.04% | 94.03% 0.20 - 240 x5000 5 20
Running Sushi 8.7 Pragmatic Play 2024-08-08 Average 96% | 95% | 94% 0.20 - 240 x3000 5 1024
Money Blitz 6 Pragmatic Play 2024-08-01 High 96.50% | 95.50% | 94.50% 0.20 - 240 x5000 6 4096
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Mustang Gold 5 Pragmatic Play 2019-01-17 High 96.53% 0.25 - 125 x12000 5 25
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