Mermaid's Fortune has been catching plenty of attention, so we put it through its paces to see how it really holds up. This is a AGS game, sitting firmly in the medium low variance bracket and paying back a return-to-player rate of 95.53%. You get a 5-reel grid running 40 paylines, all leaning into an ocean and mermaid aesthetic. Wins land at roughly a 30% hit rate, shaping how the sessions feel. If everything lines up, Mermaid's Fortune can pay up to 5,000x your bet. Here's how it stacks up.
Written by Daniel Chen · Last updated: February 2026
This game, Mermaid's Fortune, is the work of AGS, dressed up with an ocean and mermaid theme. It runs on 40 paylines across 5 reels with medium low variance, and 95.53% RTP.
The mechanics are what make Mermaid's Fortune interesting. 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 AGS catalogue.
At 95.53%, 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's Fortune 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's Fortune by AGS is a solid offering that delivers good entertainment value. The 95.53% RTP combined with medium low volatility creates a well-balanced gaming experience.