If you like to play affordable online casino games at BetMGM Casino, chances are you’ll be interested in penny slots. What is a penny slot? And which are the most enjoyable penny slot experiences? Read on for more about these affordable offline and online slots, and discover some of the best penny slots you can play at BetMGM Casino.
What Are Penny Slots?
At a glance, the definition of a penny slot seems self-explanatory: it’s any offline or online slot that costs a penny to play. Surprisingly, there are many online discussions about exactly what a penny slot is. For some, penny slot machines cost one cent to play, while for others, penny slots are games with a minimum denomination of one cent per payline.
It’s possible that the meaning of penny slots has changed over time. In the past, it may have been understood more literally since one could do a lot more with a penny. Even today, you may well find a few brick-and-mortar casinos that let you play for just one cent. That said, you may struggle to find an online game you can play for as little.
The lack of “true” penny slots may explain why some online gamblers think penny slots are games with a minimum denomination of one cent. This doesn’t mean you’ll pay one penny per spin, but that you’ll pay one cent per payline. Although these slots will offer very affordable minimum bets, they’re more likely to have a minimum total wager of $0.20–$0.50 per spin.
Are Penny Slots Different From Regular Slots?
The answer to the question of whether penny slots are different from regular slots is, “It depends.” “True” penny slots may offer below-average RTPs, which would explain why many gamblers consider them to be affordable. But this isn’t the case for all “true” penny slots. And if you focus on penny slots that offer affordable minimum bets that aren’t actually one penny, you’ll find that they typically offer the same experience as other slot games.
Ultimately, you must look at the RTP and variance of each game to see if a slot, regardless of whether it’s a penny slot or not, is worth your time and whether it suits your slot budget.
The Best Penny Slots at BetMGM Casino
If you’re interested in playing the most affordable penny slots, here are three of the top online casino slots to try.
1. Capital Gains
| Software Provider | AGS Interactive |
| RTP | 95.95% |
| Volatility | High |
| Jackpot Type | Fixed |
| Paylines | 243 |
| Reels | 5 |
| Max Wager | $50 |
| Max Win | 2,283x |
Capital Gains is an affordable slot from AGS Interactive that’s all about the money. From its green background to the various symbols, including diamonds, bundles of cash, and piles of gold coins, money is clearly the name of the game.
This wealth-focused slot also embraces its theme in its various features. The main feature, the Cash Vault, lets you choose between two more exciting extras. The first is the Money Charge, which can reward you with cash payouts or one of the game’s four jackpot rewards. The second is the Extra Spins, which could land you 25 extra spins and up to 200 wilds, boosting your chances of landing a big win when playing slots online.
This may be a penny slot, but that shouldn’t stop you from embracing your inner Jerry Maguire and occasionally shouting “Show me the money!”
2. Cash Eruption
| Software Provider | IGT |
| RTP | Up to 96% |
| Volatility | High |
| Jackpot Type | Fixed |
| Paylines | 20 |
| Reels | 5 |
| Max Wager | 40 credits |
| Max Win | 1,750x |
You may want to grab a drink before you spin the reels in the fire-themed slot, Cash Eruption. When you spin the reels in this sweltering slot, be prepared to come face-to-face with fiery balls of magma, exploding volcanoes, and hot priestesses (seriously, look out for her blazing hands when she appears on the reels).
But you’re bound to get even hotter under the collar thanks to the game’s fiery features, which include expanding wilds to trigger big wins, the Pattern Win, up to 15 extra spins, and the hottest feature of them all, the Cash Eruption. Cash Eruption is a pick’em style minigame that can reward you with cash wins and one of four blazing jackpot rewards.
Brave the heat to stand a chance to win in this flaming hot slot from IGT.
3. Cleopatra
| Software Provider | IGT |
| RTP | Up to 95.02% |
| Volatility | Medium |
| Jackpot Type | N/A |
| Paylines | Up to 20 |
| Reels | 5 |
| Max Wager | 600 credits |
| Max Win | 12,480x |
Journey into the past to rub shoulders with the last of the pharaohs, Cleopatra, in this Cleopatra slot from IGT. This Egyptian-themed slot is a true penny slot that allows you to spin the reels for just a single cent. Will one payline be enough to discover the riches of this once mighty empire? Maybe, if you’re lucky enough to land the right combination of matching symbols. All the symbols, from the Eye of Horus, to Egyptian trumpets, and the seductive gaze of Cleopatra herself, could unlock untold wealth.
A single feature that rewards 15 extra spins could help you land an exciting win in this classic slot thanks to its 3x multiplier, which will instantly triple any winning combinations.
Place Exciting Bets at BetMGM Casino
Whether you like to spin the reels on penny slots or go big with your wagers on your favourite table games, BetMGM Casino offers a world of exciting bets.
If you live or play in Ontario, you can sign up at BetMGM Casino to enjoy betting on a wide range of games, including hundreds of online slot games, dozens of table games, live dealer experiences, and more.
Register at BetMGM Casino to enjoy all these online gambling thrills.