Play money · no sign-up · no deposit
- RTP
- 96.46%
- Volatility
- Low
- Max win
- 5,000x
- Grid
- 6 reels, up to 7 rows
Pragmatic PlayReleased 2 Sept 2024
Mustang Gold Megaways Demo & review
A Pragmatic Play Megaways sequel where horseshoe money symbols and free spins only pay when a COLLECT symbol lands, with a gamble wheel before the bonus.
Written by Hampus GravePublished 9 Nov 2026Updated 11 Nov 2026
Our #1 pick to play for real
Mustang Gold Megaways at YEET
10% weekly lossback
6.4/10
Only if you enjoy chasing collect symbols and are willing to gamble for spins. MONEY symbols and Scatters pay nothing until a COLLECT lands, which gives every spin some tension, and the GOLDEN COLLECT respins inside the free spins are the reason to stick around. The drawback is the buy, which can open with only the minimum number of spins for a large price.
Who it suits
Play this if…
- Collect-feature fans: MONEY and SCATTER symbols wait for a COLLECT, which gives every spin a visible stake
- Players who like a gamble before the bonus: the wheel lets you raise the spin count before the round
- Learners: the demo shows quickly how rarely a full board of horseshoes actually pays
Skip this if…
- Bonus buyers watching the price: the buy can open with only the minimum number of spins
- Short-session players: base COLLECT came just three times in our spins
- Players who dislike risking a feature they have earned: a lost gamble ends the round with no spins
Where to play Mustang Gold Megaways
The casinos we recommend, with YEET as our #1 pick. How we test casinos
- Our #1 pick
YEET
FluxPlays score 9.5
10% weekly lossback
10% weekly lossback for FluxPlays players, applied for in our Discord. On top: weekly and monthly bonuses and instant rakeback. Code FLUXPLAYS.
18+ · T&Cs apply · Offer checked 11 Nov 2026
SafeCasino
FluxPlays score 7.5
Skrill withdrawal paid out in 18 hours in our test
400% up to €4,000 + 1,200 free spins
- 40x wagering
- min deposit €10
- 30 days
400% welcome package up to 4,000 over four deposits, each 100% up to 1,000 plus 300 free spins. 40x wagering on bonus and free spin winnings. Minimum 10 to activate, 200 for the full 300 spins. 30 day validity. Free spins run on Pragmatic Play games.
18+ · T&Cs apply · Offer checked 7 Oct 2026
Betlabel
FluxPlays score 7.0
E-wallet payout inside 24 hours in our test
200% up to €1,500 + 150 free spins
- 35x wagering
- min deposit €10
- 7 days
200% welcome package up to 1,500 plus 150 free spins over four deposits: 100% up to 300 + 30 FS, 50% up to 350 + 35 FS, 25% up to 400 + 40 FS, 25% up to 450 + 45 FS. 35x wagering, 7 day window. Minimum 10 first deposit, 15 thereafter. Crypto deposits are not bonus eligible.
18+ · T&Cs apply · Offer checked 7 Oct 2026
These are affiliate links: we earn a commission if you sign up through them. It never changes our scores. Affiliate disclosure
Mustang Gold Megaways: Full Review
In Mustang Gold Megaways, money symbols and Scatters sit on the board and pay nothing until a COLLECT symbol lands on the same spin. Pragmatic Play's September 2024 sequel puts that mechanic on six tumbling Megaways reels with up to 117,649 ways and a Low volatility label. It suits players who like watching a board fill with possible payouts and can accept that many of those boards end in nothing.
Mustang Gold Megaways game information
- Provider
- Pragmatic Play
- Release date
- 2 September 2024
- Grid
- 6 reels, up to 7 rows (reels x rows)
- How it pays
- Megaways, up to 117,649 ways
- RTP
- 96.46%
- Volatility
- Low
- Max win
- 5,000x the bet
- Bet range
- $0.20 to $360
- Buys and modes
- 1 buy, 1 paid mode, see the table
How Mustang Gold Megaways works
Reels 1 and 6 show up to 7 symbols, reels 2 to 5 up to 6 plus a top row of 1 that spins right to left, so the ways change every spin. Wins pay on adjacent reels from the left, and winning symbols disappear until no win remains. SCATTER, MONEY and COLLECT symbols do not explode, and they stay on the board until the tumbles end. The wild lands on reels 2 to 6 and substitutes for everything except those three.
| Symbol | 6 of a kind at $1 | 5 | 4 | 3 |
|---|---|---|---|---|
| White horse | $5.00 | $3.00 | $2.00 | $1.00 |
| Black horse | $2.00 | $1.10 | $0.90 | $0.70 |
| Cowboy | $1.50 | $1.00 | $0.80 | $0.60 |
| Cowgirl | $1.20 | $0.90 | $0.70 | $0.50 |
| A | $0.75 | $0.50 | $0.40 | $0.30 |
| K | $0.60 | $0.40 | $0.30 | $0.20 |
| Q | $0.50 | $0.30 | $0.20 | $0.10 |
| J | $0.40 | $0.25 | $0.15 | $0.05 |
The base game before our first spin, with the buy at $120.00 and the ante panel on the left. FluxPlays demo test, 9 November 2026.
How the features connect:
- MONEY symbols and SCATTER symbols stay on the board through the tumbles.
- A COLLECT symbol at the end of the tumbles collects every MONEY symbol and the free spins on every SCATTER.
- Free spins start once a COLLECT gathers SCATTER spins in the base game.
- Before the round you can keep those spins or gamble on a wheel for more.
- In the free spins a GOLDEN COLLECT can land on any reel and respin.
COLLECT carries the game. Nothing else on the reels is worth much without it.
How MONEY and COLLECT symbols work
MONEY symbols show a value in times the bet, and JACKPOT MONEY symbols carry one of four fixed jackpots. A COLLECT that lands by the end of a spin's tumbles gathers all of them. Without one, a full board pays nothing for the MONEY symbols on it.
| Symbol | Value at $1 |
|---|---|
| MONEY | $2, $3, $4, $5, $8, $10 or $15 |
| JACKPOT MONEY: MINI | $20 |
| JACKPOT MONEY: MINOR | $50 |
| JACKPOT MONEY: MAJOR | $100 |
| JACKPOT MONEY: GRAND | $2,500 |
Rules page 3: SCATTER reveals free spins, and COLLECT gathers MONEY values and those spins. FluxPlays demo test, 9 November 2026.
How free spins trigger
A SCATTER reveals 1 to 5 free spins when it is collected, so how many you get depends on what is on the board. Before the round you can keep those spins or gamble on a wheel for +3 or +5, up to 5 times or 100 spins. A lost gamble ends the round with no spins at all.
In the free spins, the GOLDEN COLLECT symbol can land on any reel. It collects, then respins and moves down one position until it leaves the screen, and SCATTER with COLLECT or GOLDEN COLLECT adds more spins. Special reels are in play for the round.
The gamble screen after our buy: +3, +5 or keep the 5 spins. We kept them. FluxPlays demo test, 9 November 2026.
The bought free spins with 2 left and 28.40 won so far, before the round finished. FluxPlays demo test, 9 November 2026.
Bonus buy and ante bet: prices and what you get
There are two ways to pay for the bonus. The buy starts it straight away, and the ante raises the chance of it landing naturally.
Buys and paid modes
Prices at a $1 bet, with our test result
Buy Free Spins
$120
Bonus buy · RTP 96.51% · Low volatility
Starts the free spins at once; the triggering spin gives at least 3 spins
Our testOne round: $28.55 back ($120 in)
Ante Bet
$1.50 a spin
Paid mode, per spin · RTP 96.47%
Double chance of a natural free spins round; the buy is switched off
Our test10 spins at a $1.50 bet: $24.45 back ($15 in)
| Option | Price at $1 | Official RTP | Volatility | What you get | Our test |
|---|---|---|---|---|---|
| Buy Free SpinsBonus buy | $120 | 96.51% | Low | Starts the free spins at once; the triggering spin gives at least 3 spins | One round: $28.55 back$120 in |
| Ante BetPaid mode, per spin | $1.50 a spin | 96.47% | Double chance of a natural free spins round; the buy is switched off | 10 spins at a $1.50 bet: $24.45 back$15 in |
A blank cell is a figure the game's rules do not give.
The buy's triggering spin gives a minimum of 3 free spins, and the gamble is still offered after it. The ante doubles the chance of a natural trigger and puts more SCATTER symbols on the reels, but it switches the buy off.
RTP, volatility and max win
The buy carries the highest RTP of the three, but only by a fraction of a point, so it changes the route rather than the return. The rules label the game Low volatility, and one review site rates it 5 out of 5, but the rules page is what counts. A win is limited to 5,000x the bet in both the base game and the free spins, and a round that reaches it ends at once with the remaining spins forfeited.
Our Mustang Gold Megaways demo test
FluxPlays demo test
9 November 2026, demo running 96.46% base, 96.47% ante, 96.51% buy (rules) RTP
Base game spins
100
at $1 per spin
Staked
$100
Paid back
$64.20
64.2% of stake, -$35.80
Winning spins
36 of 100
36% of spins paid something
Biggest win
$20.60 (20.6x)
A tumble sequence on 3,456 Megaways, no collect involved
Free spins triggered
0
natural triggers in the session
Played on Pragmatic Play's public USD demo on 9 November 2026 with play money, from a $100,000 balance, no sign-in. The demo opened at $2.00 and was lowered to a $1.00 total bet (5 coins x $0.01 coin value x 20). A small script in the page pressed the spin button; autoplay was not used. The ante stayed off for the 100 base spins and the buy, then ran for 10 spins at $1.50. Totals for the whole session from the server log: $235.00 staked, $117.20 returned, closing at $99,882.20. The ante spin that paid $16.70 was not captured on screen.
COLLECT paid on just three of our base spins, and spin 63 was the clearest: $10.00 from MONEY symbols with no line win at all. Far more often the horseshoes sat on the board and paid nothing, which is the first thing you notice about this game. The best base spin, $20.60 on spin 31, was a tumble sequence with no collect involved.
Spin 31 settled after the tumbles: 20.60, the best base spin of the 100. FluxPlays demo test, 9 November 2026.
We kept the 5 spins the buy offered rather than gamble, and two collects of $8.00 and $20.00 did nearly all the work. The round finished on $28.55. One bought round shows how the feature plays and tells you little about what the buy returns. A natural trigger, a GOLDEN COLLECT and a jackpot collect did not come up, so we describe them from the rules alone.
The result screen for our $120 buy: 28.55 from 5 free spins. FluxPlays demo test, 9 November 2026.
Is Mustang Gold Megaways worth playing?
Only if the collect chase is your kind of tension. A board of horseshoes that may pay nothing makes every COLLECT feel like an event, and the GOLDEN COLLECT is the feature we would chase. The base game otherwise pays in small, frequent amounts, and the buy is a poor fit for anyone who dislikes paying a large sum for what can be a short round.
The original Mustang Gold keeps the idea on 25 fixed lines with a sheriff's star on reel 5 that collects horseshoes, a pick game for jackpots up to 1,000x and a stated top win of 12,000x. Pick it if you want the collect mechanic on simple lines and a bigger ceiling. Choose the Megaways version if tumbling ways and a gamble wheel before the free spins appeal to you.
In the demo, watch the horseshoes rather than the win counter for a dozen spins, because that shows how often a full board pays nothing.
Frequently Asked Questions
How do you trigger free spins in Mustang Gold Megaways?+
A COLLECT symbol must land with SCATTER symbols on the board. Each SCATTER reveals 1 to 5 free spins when collected. Before the round you can keep those spins or gamble on a wheel for more, and the ante doubles the chance of a natural trigger.
What do the MONEY symbols do in Mustang Gold Megaways?+
They hold a value in times the bet, up to 15x, and JACKPOT MONEY symbols go up to the GRAND at 2,500x. None of it pays unless a COLLECT lands by the end of the tumbles. They do not explode, so they wait on the board until the tumbles stop.
Can you buy the bonus in Mustang Gold Megaways, and what does it cost?+
Yes. Buy Free Spins costs 120x the total bet and has an RTP of 96.51%, and the triggering spin gives at least 3 free spins. The gamble is still offered after the buy, and the buy is switched off while the ante bet is on.
What is the max win in Mustang Gold Megaways?+
A win is limited to 5,000x the bet in both the base game and the free spins, and a free spins round that reaches it ends immediately. The GRAND jackpot on its own is half of that, so the top of the range needs a very full collect.
More slots like Mustang Gold Megaways
Mustang Gold
Pragmatic Play
7.2 / 10
Forever Split Megaways
Pragmatic Play
7.3 / 10
Power of Merlin Megaways
Pragmatic Play
7.9 / 10
Fury of Odin Megaways
Pragmatic Play
7.9 / 10
Comments
Played it, tried it or have a question? Share it with the community under this slot page.