Our review of Lost Treasure cuts through the marketing and looks at what matters: how it plays and how it pays. Developed by Wazdan, Lost Treasure arrives with very high volatility and a published RTP of 96.13%. If everything lines up, Lost Treasure can pay up to 50,000x your bet. Wins land at roughly a 30.04% hit rate, shaping how the sessions feel. You get a 5-reel grid running 10 paylines, all built around a pirate and treasure theme. So does it deliver? Let's get into it.
Written by Michael Torres · Last updated: March 2026
This release, Lost Treasure, is the work of Wazdan, dressed up with a pirate and treasure theme and powered by 5 reels and 10 paylines. The result is a very high-variance maths model paired with an RTP of 96.13%.
The mechanics are what make Lost Treasure interesting. Look out for scatter symbols that unlock free spins and extra bonus rounds. With very high variance, this one is aimed at players who can ride out the swings for the top wins. On balance, Lost Treasure is a dependable option worth a few spins in the demo first.
The RTP of 96.13% is right around the industry average of ~96%. This represents a fair return that's in line with what most modern slots offer.
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.
Lost Treasure 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.
3.1 / 5 — Good
Lost Treasure by Wazdan is a solid offering that delivers good entertainment value. The 96.13% RTP combined with very high volatility creates a well-balanced gaming experience.