Christmas Carol Megaways Slot Review: Free Spins, Multipliers and RTP

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Quick verdict: Christmas Carol Megaways is Pragmatic Play’s festive take on the Dickens story, with up to 200,704 ways to win and tumbling wins. In free spins you choose your mix of spins and starting multiplier, and the multiplier grows with every tumble. It has an RTP of 96.47% to 96.58% depending on the version, high volatility and a 20,000x top win.

Where we play Christmas Carol Megaways

1win is our top-rated casino (9.9/10), with thousands of slots and a crypto withdrawal that took 15 minutes in our test.

Play at 1win

18+. T&Cs apply. Not available in every country. Game libraries vary, so search the lobby for Christmas Carol Megaways.

Christmas Carol Megaways at a glance

ProviderPragmatic Play
Released26 November 2020
Layout6 reels plus a top row, Megaways
Ways to winUp to 200,704
RTP96.47% to 96.58%, depending on the version
VolatilityHigh
Bet range$0.20 to $100 ($125 with Ante Bet)
Max win20,000x your stake
Free spinsChoose spins vs starting multiplier
Bonus buy100x your bet, where allowed (not with Ante Bet)
Christmas Carol Megaways reels by Pragmatic Play
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18+. New players only. T&Cs apply.
18+. New players only. T&Cs apply.
18+. New players only. T&Cs apply.

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How does Christmas Carol Megaways work?

The number of symbols on each reel changes every spin, giving up to 200,704 ways to win. Winning symbols disappear and new ones tumble in, so one spin can pay more than once.

Free spins: pick your style

Four or more scatters start the free spins, and you choose how to play them. With 4 scatters, the options are 15 spins from 1x, 10 spins from 5x or 5 spins from 10x, plus a mystery option. Each extra scatter adds 4 spins to every option. The multiplier rises by 1 after every tumble win, with no cap.

Ante Bet and bonus buy

The Ante Bet costs 25% more per spin and doubles your chance of landing scatters. Where allowed, you can instead buy the free spins for 100x your bet.

Pros and cons

ProsCons
20,000x max winHigh volatility
You choose spins or multiplierAnte Bet raises your cost by 25%
Tumbling winsBonus buy costs 100x
Fun seasonal themeTheme feels out of place outside the holidays

Tips

  • Many spins with a low multiplier is the steadier choice; few spins at 10x is the high-risk option.
  • Only use the Ante Bet if you accept paying 25% more on every spin.
  • See more festive games in our best Christmas slots.

Christmas Carol Megaways vs other Christmas slots

Pragmatic Play releases new festive slots most winters, but Christmas Carol Megaways is still one of the strongest, thanks to its 20,000x ceiling. Here is how it compares with other Christmas games we have reviewed. For the full list, see our best Christmas slots. Other festive games we have reviewed include NetEnt’s Jingle Spin and Bigger Bass Blizzard Christmas Catch.

SlotReleasedVolatilityRTPMax win
Christmas Carol Megaways2020High96.47% to 96.58%20,000x
Sweet Bonanza Xmas2019Medium to medium-high96.48%21,175x
Santa’s Wonderland2021High96.23%7,500x
Big Bass Christmas Bash2023High96.71%5,000x

Choosing your free spins option

The free spins choice is the key decision in this game. More spins with a low starting multiplier give a steadier bonus that usually pays something; fewer spins with a high starting multiplier are riskier but give the best shot at the 20,000x top win. If you are playing on a small budget, the safer options make the bonus last longer. The Ante Bet doubles your chance of triggering free spins but raises your cost per spin by 25%.

Where to play Christmas Carol Megaways

Our first choice is 1win (9.9/10), which paid our test crypto withdrawal in 15 minutes. BitStarz (9.5/10) is a good alternative. Christmas Carol Megaways is easy to find in most Pragmatic Play lobbies all year round, not just in December; check the info screen shows an RTP of at least 96.47%. Compare more options in our casino reviews.

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How we checked this

The release date, RTP range, ways to win, bet range, max win and free spins options were checked against at least two independent slot databases: SlotCatalog, AboutSlots, JohnSlots and Slots Online Canada. The figures for the other Christmas slots in the comparison table come from our best Christmas slots check.

Figures last checked: 9 October 2026.

Christmas Carol Megaways FAQs

What is the RTP of Christmas Carol Megaways?

Between 96.47% and 96.58%, depending on the version your casino runs. Check the game’s info screen.

What is the max win?

20,000x your stake.

How do you trigger free spins?

Land 4 or more scatters.

Can you choose your free spins?

Yes. You trade fewer spins for a higher starting multiplier, or pick the mystery option.

Who makes Christmas Carol Megaways?

Pragmatic Play.

Which free spins option is best in Christmas Carol Megaways?

No option is guaranteed to pay more. 15 spins from 1x is steadier; 5 spins from 10x is riskier with a bigger top end. Pick the one that matches your budget.

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Check your local laws before you play

Online gambling laws differ from country to country, and in some places it is restricted or not permitted at all. Before you sign up to any casino listed on UltraGambler, check that online gambling is legal where you live and that the casino accepts players from your country. You must be 18 or older (or the legal gambling age in your country, if higher) to play. Only gamble with money you can afford to lose, and use the deposit limits and self-exclusion tools your casino provides if gambling stops being fun.

About the author: Jason Thompson

Jason Thompson is the founder and Editor-in-Chief of UltraGambler. He has more than 20 years' experience in bookmaking and the casino industry, and has spent the last 7 years reviewing online casinos. Jason oversees every review and rating on the site, and has run real-money payout tests at 1win, iWild, FortuneJack, Tsars and Casoo.

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18+. New players only. T&Cs apply.
18+. New players only. T&Cs apply.
18+. New players only. T&Cs apply.

18+. T&Cs apply. Check that online gambling is legal where you live.