Mermaids Review
NetEnt's Mermaids is a 5x3, 20-payline video slot built around one of the more mechanically layered wild systems the studio has produced in recent years. Rather than a straightforward free spins trigger, the game runs three simultaneous Progress Globes — each tied to a different wild type — and each one unlocks a separate bonus route when filled. That structure gives the base game a sense of ongoing momentum that most single-trigger slots don't have.
Released in July 2024, Mermaids sits at a 96.09% RTP with high volatility and a 1974x max win ceiling. The theme is ocean fantasy — mermaids, submerged ruins, coral, treasure. Visually it's a NetEnt production, so the rendering is clean and detailed, but the real substance here is mechanical, not aesthetic.
This review breaks down exactly how the Progress Wild system works, what each bonus route pays, and whether the 1974x ceiling is realistic given the game's structure. No live tracked-bet data is available on Spindex for Mermaids at this time, so the analysis leans on the verified specs and feature design.
How the Progress Wild System Works
The core mechanic that defines Mermaids is a triple-track Progress Globe system sitting above the reels. Three special wild types — Purple, Green, and White Progress Wilds — appear across all reels in the base game, each substituting for standard symbols and capable of forming their own winning combinations, paying 100x the stake for five-of-a-kind. Every time one lands, it credits its corresponding Progress Globe rather than just contributing to a single shared meter.
Each globe has a different threshold. Purple requires 15 points to trigger the Picker Bonus, Green requires 30 to unlock Wild Spins, and White requires 60 to award Mermaid Spins. The asymmetry is intentional — the harder bonus to reach pays better. Because all three meters run simultaneously and none resets when a different one fires, base-game spins carry compounding value. Landing a Green Wild while your White meter is at 55 doesn't feel wasted.
There's also a fourth wild type — a standard Wild that only appears through the bonus features themselves, not in the base game. That distinction matters: the base game's wilds are progress-generating tools, not just pay-line helpers. It's a more purposeful design than bolting wilds onto a grid and calling it a feature.
RTP, Volatility, and Max Win
Mermaids runs at 96.09% RTP, which is respectable for a high-volatility slot and sits above the NetEnt studio average of roughly 96.0% seen across much of their recent catalog. High volatility paired with three separate bonus routes of escalating difficulty means the variance isn't uniform — you can hit the Picker Bonus relatively frequently, while Mermaid Spins, requiring 60 White Globe points, will arrive far less often.
The 1974x max win is the number that deserves honest scrutiny. For context, NetEnt's own Divine Fortune reaches up to 3,000x, and Hacksaw Gaming's high-volatility releases routinely target 10,000x and above. Mermaids' 1974x ceiling is conservative by current market standards — it positions this slot as a medium-ambition high-variance game rather than a jackpot hunter's target. The hit-frequency percentage hasn't been published by NetEnt, so there's no official spin-level data to lean on, but the tiered bonus structure suggests the lower-tier Picker Bonus fires more regularly while the top-tier Mermaid Spins will be a rare event.
The spec sheet also notes an RTP range, which signals that the game likely has multiple RTP settings operators can select — a common NetEnt practice. Players should check their casino's published RTP for Mermaids specifically, as the 96.09% figure represents the top-tier setting and not every operator will deploy it.
Bonus Features in Detail
The Picker Bonus is the most accessible of the three routes, triggering when 15 Purple Progress Globes are collected. Players receive three picks from a set of 15 shells, each concealing a prize: bet multipliers ranging from 2x to 50x, a Wild Spins award, or a Mermaid Spins award. The pick mechanic is straightforward, but the possibility of winning either free spins variant from inside the Picker Bonus — without resetting its globe — adds meaningful upside to what would otherwise be a minor feature.
Wild Spins deliver 10 free spins with 2 to 6 random wilds added per spin. That's a solid wild density, and with 20 fixed paylines across a 5x3 grid, a spin with 6 wilds placed well can cover a significant portion of the reel set. Mermaid Spins also award 10 free spins with the same random wild mechanic, but add a Remove Symbols feature: royal card symbols are stripped from the reels entirely for the duration. Eliminating the lowest-paying symbols tightens the pay table and increases the frequency of hitting premium combinations — this is where the game's max win potential is most reachable.
The Energy symbols collection mechanic feeds into the globe system rather than operating as a separate layer, keeping the feature architecture coherent rather than cluttered. Guaranteed Wilds during free spins ensure that neither bonus variant runs completely dry on wild placements, which is a meaningful floor for high-volatility play.
Betting Range and Accessibility
NetEnt has not published official minimum and maximum bet figures in the verified spec data for Mermaids. The source material indicates a betting range of €0.20 to €40 per spin, and given NetEnt's standard deployment parameters, this is consistent with their typical range for 20-payline video slots. However, Spindex lists the bet limits as unconfirmed, and operators may apply different floors and ceilings depending on their configuration.
At the lower end of that range, the 60-globe requirement for Mermaid Spins demands patience — at minimum stake, reaching the top-tier bonus takes a meaningful number of spins. The 5x3 layout with 20 fixed paylines is conventional enough that bankroll planning is straightforward: no cascades, no expanding grids, no variable payline counts to factor in.
For players who prefer a clean, fixed-structure game where the variance comes from the bonus frequency rather than the reel mechanic itself, Mermaids delivers that. The layout won't surprise anyone who has played a standard NetEnt video slot.
Where Mermaids Sits in NetEnt's Portfolio
NetEnt has over 400 slots and casino games in its catalog, and the studio's identity has long been built on polished production and reliable RTPs rather than extreme max-win targets. Legacy titles like Starburst (500x max win) and Gonzo's Quest sit at the conservative end of the win-ceiling spectrum, and Mermaids at 1974x continues that tradition — it's not a departure toward the 10,000x+ territory that Hacksaw and Relax Gaming now occupy.
What Mermaids does differently from older NetEnt releases is the multi-track progress system. Starburst's mechanic is a single expanding wild re-spin — elegant but flat. Mermaids layers three simultaneous bonus paths with different risk-reward profiles, which is a more modern approach to base-game engagement. That structural evolution matters more than the visual upgrade.
For players who rotate between NetEnt titles, Mermaids occupies a specific niche: higher volatility than the studio's casual-facing games, more mechanical depth than their legacy titles, but a lower max-win ceiling than the studio's most aggressive releases. It's a mid-to-upper tier NetEnt slot that rewards understanding the feature system rather than just spinning and hoping.
Who Should Play Mermaids
The triple-progress system means Mermaids rewards players who understand what they're building toward on each spin. Casual players who prefer immediate feedback may find the White Globe's 60-point requirement slow — the Mermaid Spins bonus, which is the most valuable feature, takes meaningful base-game time to reach. The base game pacing can feel drawn out before the top-tier bonus lands, which is the honest trade-off for a structured, tiered system.
High-volatility players who are comfortable with variance and want a game with a clear mechanical payoff rather than random scatter triggers will find the structure satisfying. The Picker Bonus provides a more frequent interruption to pure base-game spinning, which helps sustain engagement during longer sessions.
Players chasing four-to-five-figure multipliers should note the 1974x ceiling and calibrate expectations accordingly. Mermaids is not the right vehicle for that goal. It's better framed as a high-volatility game with a well-designed bonus system and a competitive RTP — a combination that suits disciplined, session-focused play more than jackpot hunting.
Final Verdict
Mermaids is one of NetEnt's more mechanically interesting releases. The three-track Progress Wild system is the game's genuine differentiator — it gives the base game a sense of direction that single-trigger slots lack, and the escalating bonus tiers create a clear risk-reward hierarchy. Mermaid Spins, with its symbol-removal mechanic and random wilds, is the feature worth building toward.
The 96.09% RTP is solid for high volatility, and the 20-payline, 5x3 layout is clean and easy to manage. The 1974x max win is the most limiting spec — it places Mermaids below the ambition level of the genre's current leaders, and players who prioritize ceiling potential will find more aggressive options elsewhere in NetEnt's own catalog and certainly across competing providers.
That said, max win is one metric among several. For players who value RTP reliability, structural bonus depth, and a game that rewards understanding its mechanics, Mermaids delivers a more complete package than its win ceiling alone suggests. It's a well-built slot that knows what it is.
- +96.09% RTP is competitive for a high-volatility slot
- +Three-track Progress Wild system creates genuine base-game momentum
- +Mermaid Spins removes royal symbols, meaningfully improving bonus pay-table quality
- +Picker Bonus can award free spins variants, adding upside to the lower-tier feature
- +Guaranteed Wilds during free spins provide a floor on bonus performance
- +Clean 5x3 / 20-payline layout with no structural complexity to manage
- -1974x max win ceiling is modest compared to current high-volatility competitors
- -White Progress Globe requires 60 points — the top-tier Mermaid Spins bonus takes time to reach
- -Hit frequency not published by NetEnt, limiting pre-session variance planning
- -Bet limits not confirmed in official specs — check your operator's configuration
Best for
Mermaids is a high-volatility NetEnt slot with genuine mechanical depth. The three-track Progress Wild system keeps the base game active, and the Mermaid Spins variant — which strips out royal symbols — is the clear top-tier bonus. At 96.09% RTP the return is competitive, though the 1974x max win is modest by modern high-variance standards. Best suited to patient players who prefer structured bonus routes over pure jackpot chasing.











