Mustang Gold Megaways review 2026

Logo image for Mustang Gold Megaways
Lisa Stanojević
Checked by Paul P.

Mustang Gold Megaways is Pragmatic Play’s bigger version of the original Mustang Gold slot. The Western theme is familiar right away, with horses, cowboys, cowgirls, and open prairie, then the Megaways format adds more reels, more ways to win, and more going on with every spin.

In this Mustang Gold Megaways review, I’ll look at how the new setup changes the original game and if it’s worth playing at all.

100% up to $1,000 + $25 On The House
100% up to $1,000 + $25 On The House

Highlights

  • RTP
    RTP 96.46%
  • Volatility
    Volatility High
  • Stakes range
    Stakes range 360
  • Max win
    Max win 5,000
  • Number of reels
    Number of reels 6
  • Number of rows
    Number of rows 7
81/ 100 Expert rating by Lisa S.
78 Audiovisuals rating
80 Payouts rating
76 Repeatability rating
84 Game layout rating
82 Stake limits rating
88 Bonus features rating
How we rate
64% Playscore based on 4 critics

The Mustang Gold Megaways slot review summary

Mustang Gold Megaways takes the original Mustang Gold slot and turns it into a 6-reel game. It has an extra top reel, up to 117,649 ways to win, a 96.46% RTP, high volatility, and a 5,000x max win.

The slot still has the same Western symbols, with horses, cowboys, cowgirls, and card royals. The Mustang Gold logo is the Wild, the fire symbol is the Scatter, and Money symbols can show cash values or fixed jackpot. Collect symbols pick up those values when they land on the same spin.

Free Spins start with Scatters and Collect symbols. Scatters can add 1 to 5 Free Spins, and you can gamble the total before the bonus starts. In the bonus, Golden Collect symbols can pick up Money values, jackpot prizes, and extra spins as they move down the reels. Some casinos also offer a 120x Bonus Buy.

Pros

  • 96.46% RTP

  • 117,649 ways to win

  • Golden Collect respins

Cons

  • High volatility

  • 120x Bonus Buy

  • Collect symbols control payouts

Mustang Gold Megaways comprehensive review

For this Mustang Gold Megaways review, I’ll go through the Megaways setup, the main features, the payouts, and how the game feels compared with the original Mustang Gold. I’ll also cover the Free Spins gamble, Golden Collect respins, mobile play, and the 120x Bonus Buy.

RTP and volatility

Mustang Gold Megaways has an RTP of 96.46% and high volatility. The game uses 6 reels plus an extra horizontal reel, with up to 117,649 ways to win.

CategoryDetails
RTP96.46%
Maximum win5,000x
Number of paylinesUp to 117,649
VolatilityHigh

Wins pay when matching symbols connect across adjacent reels from the left.

Time2play Expert Analysis

The RTP is good at 96.46%, so I have no issue with the number. The volatility is where I’d be more careful. I wouldn’t raise the bet too quickly here.

The strange thing is that the max win is lower than the old game. The original goes up to 12,000x, while this one stops at 5,000x. What this version gives you instead is more happening along the way: more ways to win, more prize symbols, the Free Spins gamble, and the Golden Collect respins.

I’d treat this as the more active version, not the bigger-payout version. If I wanted the highest ceiling, I’d go back to the original slot.

Author Photo2
Lisa Stanojević

Bonus features

Mustang Gold Megaways has Wilds, Scatters, Money symbols, Collect symbols, fixed jackpot prizes, tumbling wins, Free Spins, a Free Spins gamble, Golden Collect respins, Ante Bet, and a 120x Bonus Buy.

The Mustang Gold logo is the Wild symbol. It can land on reels 2 to 6 and replace regular paying symbols in winning combinations. Wilds can also help during tumbling wins, where winning symbols disappear and new ones come.

The fire symbol is the Scatter. It can show Free Spins values from 1 to 5. When at least one Scatter lands with a Collect symbol, the Collect symbol takes those Free Spins values and triggers the bonus round.

Money symbols can show cash values 2x-15x the bet. They can also show one of four fixed jackpot prizes: Mini at 20x, Minor at 50x, Major at 100x, and Grand at 2,500x. Collect symbols gather those values when they land in view with Money symbols.

CategoryDetails
Bonus featuresWilds, Scatters, Money (2x to 15x bet), Jackpot, Collect, and Golden Collect. jackpots pay Mini 20x, Minor 50x, Major 100x, Grand 2,500x, Gamble feature, Reel features, Free spins, Respins, Multipliers, Money Collect, fixed jackpots, free spins gamble, Golden Collect respins, Bonus Buy, and sometimes Ante Bet
Top featuresMoney symbol
JackpotAvailable

Before Free Spins begin, you can take the Free Spins you collected or gamble for more. The gamble can add 3 or 5 Free Spins at a time, and the total can reach up to 100 Free Spins. Each gamble can also lose the feature.

During Free Spins, Golden Collect symbols replace regular Collect symbols. They can collect Money values, jackpot prizes, and extra Free Spins from Scatters. When a Golden Collect lands above the bottom row, it triggers respins and moves down one position after each respin until it leaves the reels.

The Bonus Buy costs 120x the bet and takes you straight to Free Spins with at least 3 Free Spins.

Time2play Expert Analysis

This Megaways version gave me more to work with than the original Mustang Gold. Mustang Gold Megaways has more going on before the bonus, so I didn’t feel like I was only sitting around for one Collect moment.

I’d be careful with the Free Spins gamble. If the game gives me a tiny number of spins, I’d probably try to push it higher. If the number is already ok, I’d take the round. Losing a good trigger before Free Spins even starts would annoy me too much, to be honest.

Golden Collect is the reason I’d come back to this version again. The bonus has more steps, and it can keep going longer once those symbols start dropping. Yes, the OG has the bigger max win, but Mustang Gold Megaways gives me the better bonus round.

Author Photo2
Lisa Stanojević

Symbols and paytable

Mustang Gold Megaways uses ways to win, so you are looking for matching symbols across reels. The number of possible ways changes on each spin because the Megaways reel height changes.

The lower-paying symbols are the card royals: J, Q, K, and A. These give the smallest regular returns and mostly help create frequent lower-value wins.

CategoryDetails
ThemeAmerican Wild West
Reel layout6×7 megaways
Highest paying symbolWhite Mustang
Adjustable paylinesNo
VisualsWestern art
SoundWild west vibe
Mobile qualityExcellent

The stronger regular symbols are the cowboy, cowgirl, black mustang, and white mustang. The white mustang is the highest regular paying symbol, with a six-of-a-kind win paying 5x the bet.

Symbol6 symbols5 symbols4 symbols3 symbols
White mustang5x3x2x1x
Black mustang2x1.1x0.9x0.7x
Cowboy1.5x1x0.8x0.6x
Cowgirl1.2x0.9x0.7x0.5x
A0.75x0.5x0.4x0.3x
Q0.6x0.4x0.03x0.2x
K0.5x0.3x0.2x0.01x
J0.4x0.25x0.15x0.05x
Mustang Gold Megaways mobile gameplay
Time2play Expert Analysis

The paytable took me about a minute to understand. The lower card symbols pay the smallest wins, so I moved past them pretty quickly. The white Mustang was the regular symbol I wanted most, and the Wild helped when a spin kept going after a win.

I didn’t spend much time on the smaller symbols, they mostly fill the reels until something better lands. Once a few cash values showed up, my spins got more interesting right away.

This version of the slot can show you money, then leave it there unless the Collect symbol lands too. That part is a little annoying, but it gave the regular spins something to wait for before Free Spins.

Author Photo2
Lisa Stanojević

How to play the Mustang Gold Megaways slot

Open Mustang Gold Megaways and check the paytable before you start. This shows the RTP version, jackpot values, Free Spins rules, Bonus Buy price, Ante Bet option, stake range, and Megaways rules for that casino version.

Set your total bet with the stake controls. The usual range is $0.20 to $240, though this can vary by casino. Since Mustang Gold Megaways uses changing ways instead of fixed paylines, you only choose the total stake. The reel setup then decides how many ways are active on each spin, up to 117,649.

CategoryDetails
Min bet$0.20
Max bet240$
AutoplayAvailable
Turbo modeAvailable
Game historyAvailable

Press the spin button to play one round. Wins form when matching symbols connect from the left across adjacent reels. After a win, the winning symbols disappear and new ones drop into place through the tumbling wins feature, so one paid spin can create several win sequences.

Autoplay and turbo mode are available from the game controls. Autoplay lets you run automatic spins after choosing the number of rounds and any available settings. Turbo mode speeds up the animations. Check your total bet before using either option.

You can also use the game history option to review previous rounds, alongside the paytable, sound controls, and other game settings. On mobile, the same key controls stay on the main game screen: stake, spin, autoplay, turbo mode, paytable, Bonus Buy, Ante Bet, and game history.

Casinos where you can play Mustang Gold Megaways

You can play Mustang Gold Megaways at online casinos that carry Pragmatic Play slots, such as:

Casino Logo Rating Bonus Go-to-casino button Show more T&C
1
Logo image for BetMGM Casino
BetMGM Casino review
89/100 Expert rating by Paul P. Logo Icon 91% Playscore based on 100% up to $1,000 + $25 On The House
Play now
Visit BetMGM.com for Terms and Conditions. 21+ years of age or older to wager. MI, NJ, PA or WV only. Excludes Michigan Disassociated Persons. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable site credit, unless otherwise provided in the applicable Terms. Please Gamble Responsibly. Gambling Problem? 1-800-270-7117 for confidential help (MI), 1-800-GAMBLER (NJ, PA & WV).
2
Logo image for Borgata Casino
Borgata Casino review
88/100 Expert rating by Paul P. Logo Icon 92% Playscore based on Spin the Wheel up to 1,000 Bonus Spins
Play now
Visit Borgata.com for Terms and Conditions. 21+ years of age or older to wager. NJ and PA only. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable site credit, unless otherwise provided in the applicable Terms. Please Gamble Responsibly. Gambling Problem? 1-800-GAMBLER.
3
Logo image for PartyCasino
PartyCasino review
81/100 Expert rating by Jack B. Logo Icon 86% Playscore based on 200% up to $100 + 25 free spins
Play now

Expert verdict

Mustang Gold Megaways gave me a busier version of the original Mustang Gold formula. The Western theme is familiar, the controls are easy to understand, and the Megaways format gives regular spins more life.

I still wouldn’t treat this as the bigger game just because it has Megaways in the name. The original Mustang Gold has the higher max win, and that does count for something. This version is more about having more things happen before and during Free Spins. That made it easier for me to stay with it, even when the game wasn’t paying much.

I’d play it with a careful stake, mainly because high volatility can make even a fun slot annoying fast. Mustang Gold Megaways is easy to follow, busier than the original, and better when you want more going on than the old Collect feature.

FAQs

What is Mustang Gold Megaways?

Mustang Gold Megaways is a Pragmatic Play video slot with 6 reels, an extra horizontal reel, up to 117,649 ways to win, Wilds, Scatters, Money symbols, Collect symbols, Free Spins, Golden Collect respins, and fixed jackpot prizes.

What is the RTP of Mustang Gold Megaways?

Mustang Gold Megaways has an RTP of 96.46%.

What is the maximum win in Mustang Gold Megaways?

The maximum win in Mustang Gold Megaways is 5,000x the bet.

Is Mustang Gold Megaways high volatility?

Yes. Mustang Gold Megaways is a high-volatility slot, so wins can feel uneven and the stronger payouts usually depend on the bonus features.

How many ways to win does Mustang Gold Megaways have?

Mustang Gold Megaways has up to 117,649 ways to win. The number changes on each spin because the Megaways reel layout changes.

Can I buy the bonus in Mustang Gold Megaways?

Yes. Mustang Gold Megaways has a Bonus Buy feature at casinos that allow feature purchases. The Bonus Buy costs 120x the bet and takes you into Free Spins.

Lisa Stanojević

Lisa Stanojević

Time2play contributor

Education
Education M.A. in Linguistics
Specialization
Specialization Casino and sports betting step-by-step guides
Experience
Experience Nine years of marketing and freelance writing experience

A university teacher turned content writer, Lisa knows how to hook readers with sharp, tech-savvy content. With roots in B2B, blockchain, and web3, she brings a unique flair to the Time2Play team, keeping global audiences informed and engaged.

Lisa’s work draws readers in with the same dedication she once brought to teaching, making every piece worth sticking around for.

Read full bio
Envelope Icon
Copyright ©2026. Time2play.com. All rights reserved.