Thinking about giving Mermaid Treasure a spin? We tested it thoroughly so you know what to expect. Developed by Eurasian Gaming, Mermaid Treasure arrives with a medium low-variance maths model and an RTP of 95%. If everything lines up, Mermaid Treasure can pay up to 5,000x your bet. It's dressed up with an ocean and mermaid theme and plays out on 5 reels and 20 paylines. The full verdict is below.
Written by Rachel Kim · Last updated: March 2026
At its core, Mermaid Treasure is a title produced by Eurasian Gaming, leaning into an ocean and mermaid aesthetic. It runs on 5 reels and 20 paylines with a medium low-variance maths model, and an RTP of 95%.
Dig into the bonuses and Mermaid Treasure starts to stand out. Look out for scatter symbols that unlock free spins and extra bonus rounds. Thanks to its medium low variance, wins come often enough to suit casual, lower-risk play. All told, it's a solid entry in the Eurasian Gaming catalogue.
At 95%, 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.
Medium-low volatility offers a good balance of regular wins with occasional larger payouts. Expect frequent hits with modest amounts, suitable for casual players who want low-risk entertainment.
About 1 in 3 spins results in a win. This is a moderate hit frequency that balances win frequency with payout size.
Mermaid 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.
3.0 / 5 — Good
Mermaid Treasure by Eurasian Gaming is a solid offering that delivers good entertainment value. The 95% RTP combined with medium low volatility creates a well-balanced gaming experience.