Our review of Enchanted Waters cuts through the marketing and looks at what matters: how it plays and how it pays. Developed by Yggdrasil Gaming, Enchanted Waters arrives with a very high-variance maths model and a published RTP of 95.11%. Dating back to 2023, it remains a regular pick. It's given an engaging visual treatment and plays out on 5 reels and 30 paylines. The maximum win sits at 1,000,000x, so there's serious upside on the table. So does it deliver? Let's get into it.
Written by Sophie Williams · Last updated: February 2026
This slot, Enchanted Waters, is the work of Yggdrasil Gaming, built with crisp artwork and atmosphere. It runs on 5 reels and 30 paylines with very high variance, and a published RTP of 95.11%.
The mechanics are what make Enchanted Waters interesting. Look out for scatter symbols that unlock free spins and extra bonus rounds. The very high volatility means patience is rewarded — expect quiet spells broken by bigger hits. Overall it's a well-rounded slot that knows what it is.
At 95.11%, the RTP is slightly below the industry average of ~96%. While this is typical for many popular slots, players should be aware of the slightly lower theoretical return.
Very high volatility delivers the most extreme payout profile — long dry spells punctuated by potentially massive wins. Only recommended for experienced players with substantial bankrolls and high risk tolerance.
About 1 in 3 spins results in a win. This is a moderate hit frequency that balances win frequency with payout size.
Enchanted Waters features scatter symbols that can trigger free spins rounds. Landing the required number of scatter symbols anywhere on the reels activates the free spins feature, giving you extra chances to win without additional bets. During free spins, special modifiers may apply to boost your winning potential.
3.0 / 5 — Good
Enchanted Waters by Yggdrasil Gaming is a solid offering that delivers good entertainment value. The 95.11% RTP combined with very high volatility creates a well-balanced gaming experience.