Penny slot machines are one way that casinos use psychology to get an edge over players. By calling a certain set of slots games “penny slots”, they make these games seem more affordable than they really are, which attracts gamblers who might have avoided nickel slots or quarter slots. The evolution of free penny slot casino games that you can also play with real money is an indication that users will stumble upon a myriad of penny slots online. First penny slots from PlayTech, WMS or NetEnt could not guarantee you avoid losing big sums of money. When you first hear the words “penny slots”, you immediately think of classic slots and penny slot machines in land-based casinos. Online penny slots got their name because players could bet as low as one penny per spin. This way you could play for a long time without investing a big chunk of money in the slot.

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Penny slots are at the foundation of modern gambling. Penny slot machines have been the most popular ones in the United States for decades.

People would pay their buy-ins with nickels and hope for the best.

When Bally came out with their now famous 'Money Honey' slot, players enjoyed the fact that they were allowed to play for up to five nickels at a time.

Don't be fooled by the fact that the word 'penny' is used to describe these games. Penny slots are not as cheap as they sound.

The first things that pop into your mind when you hear the words 'penny slots' might be low payouts and low costs.

In fact, casino penny slot machines were also viewed as slots that cost nothing but a penny to play, which can't be further away from the truth.

New Penny Slots: 2020 Addition

We've decided to expand the list and present you with a few extra penny slots that have become increasingly popular in 2020.

Take a pick and try out a new penny slot:

Double Tigers

Double Tigers is a well-designed penny slot with 3-reel, 8-payline and d 96.43% RTP.

You also get to adjust the volatility levels thanks to their unique Volatility Levels™ feature.

Necromancer

Evoplay Entertainment has really taken that extra step towards improving the slots experience when they came up with this VR-inspired 95.9% RTP game.

Throw on your VR set, grab your mobile and transport yourself to a place where scary things are happening.

The three-dimensional penny slot world offers you 80 betways and a type of gameplay that you don't see often in gambling.

Disco Bar 7s

With coin value ranging from $0.01 to $50, the max bet you can place on Disco Bar 7s is $500.

It's a classic video slot, so there isn't much going on in terms of bonus rounds, but fill up the spots with Disco Ball wild symbols and score a 10,000-coin win.

This 3-reel, 10-payline slot features an RTP of 95.96%.

Care to see our all-time top 10? Scroll down and enjoy the list and reviews of the best 10 penny slots in 2020!

Top 10 Penny Slots

Penny Slots are more than sitting down in front of a machine and popping nickel after nickel into it, after which you pull the 'arm'.

In fact, today's online penny Slots are an extrapolation of the old ones.

These penny Slots are multi-line games allowing for more than one coin bet per line.

With themes like popular movies, shows and games, but also bonus features and special symbols, these penny slot machines represent the best there is in the gambling industry today.

But enough with the chit-chat! You're here to learn about the best penny Slots you can play right now.

Below you can find a list of 10 greatest penny Slot machine games to play online.

The sites that offer these games offer both free penny Slot machines and free penny Slots with bonus rounds, you'll surely find the favourite suits you best.

All you have to do is pick your favorite, as millions of players around the world vouch for the quality of these very best 10 games.

Book of Dead

We've already mentioned this penny slot, but we'll do it again, this time in more detail.

This penny video Slot is extremely similar to the famous 'Book of Ra', yet still has some new features that will ensure good gameplay, emerging the player into the mysterious Egyptian-theme world the game depicts.

There are 5 reels and 10 paylines in the Book of Dead online Slots game.

The symbol to look for is the Book of Dead, which acts like the Wild and the Scatter of the Slot.

Golden Colts

If you get over the fact that this game is one of the creepiest out there, then you can start thinking about the Mega Symbols, Wild Reels, Stacked Symbols, Wilds, Scatters, Free Spins, and other features Golden Colts has to offer.

Blaze of Ra

Here's another Ancient Egypt virtual world for the fans of gods and amulets to explore .

The 5 reels are covered by 40 potential paylines, which is great considering the screen is cut into 4 rows and 5 columns.

The graphics of this game are very high-quality.

You have your desertic background with pyramids at the back of the reels, while the mighty god Ra stands on the left of the screen, watching your every move.

Land on a Scarab, the Scatter of the game for bonus rounds with free spins.

Pirate's Charm

This Quickspin penny Slot has a Mystery Charm Respin feature which lets you re-trigger bonuses repeatedly in the game.

The thing that makes this game stand out is the possibility to play on up to 243 paylines, which is why many players consider Pirate's Charm to be one of the best Slots ever produced by Quickspin.

As a penny Slot, you can start betting from as low as $0.2 on one spin.

The game feels like the movie Pirates of the Caribbean, offering great visuals and a theme song fitted for a pirate's life feel to it, with stunning visuals and a very nice pirate soundtrack.

Then, if you need more Slots of this kind, have a look at our curated list of the best pirate Slots.

Vikings Go to Hell

We are all familiar with the stories about the courageous Nordic Vikings, the rulers of the Scandinavian seas and the lands surrounding them.

Vikings Go to Hell is a 5-reel, 4-row, and 25-payline Slot featuring the last recorded years of these amazing people.

Of course, the story is fantasized, so the Vikings have to take on the demons of the underworld in order to make it out alive.

Look for the Sticky Wilds which will enable multipliers and free spins once they appear on your reel. The minimum bet? Just $0.1 for one spin.

Divine Fortune

Here's another penny video Slot to consider if you're into Ancient Greek-themed Slots.

This visually gorgeous game will emerge you into the world of the gods with its 5-reels, 3-rows configuration and 20 pay lines.

Having an RTP of 96.69%, Divine Fortune can be more like a 'Divine Comedy' when you land on some Wilds, for example.

There are also three progressive jackpots scattered throughout the game.

Wild Wheel Big Money

Wild Wheel might be just a penny Slot, but don't be fooled by that, as it has one of the most impressive arrays of bonuses in the industry.

Piggy Banks, Wads, Gold Coins, and Dollars, but also Gold Bars and Cash Suitcases, these are the symbols of this Slot.

When you land on 3 Wilds, you get to play the Wheel of Fortune Bonus Game. This is the feature you should hope to become familiar with since it is the best one in the game.

Valley of the Gods

Are you ready to take another trip to Ancient Egypt?

With nice, yet simple graphics, good sound effects and bonuses, Valley of the Gods is one of those Egyptian Slots with a simple gameplay but a great return for their players.

This game by Yggdrasil has the Anubis and the Horus statues as its most rewarding symbols.

The Return to Player rate is 96,2%.

Gold King

With the Gold King Slot, you won't get to earn all the gold on the planet, but at least can spend some time playing a game with good graphics, sounds, and gameplay.

The simple 5 reels, 3 rows, and 20 paylines make this game a favorite with both the novices and the experienced players alike.

Released only a few months ago, this new Slot game is already a hit and the symbols to look for are the Gold Bars and the Gold Kings, for free spins and other bonuses.

Temple of TUT

Remember the famous story of the discovery of King Tutankhamen’s tomb?

How about you yourself take on the trails of Howard Carter and George Herbert and try to figure out the mystery surrounding this Egyptian figure?

In Temple of TUT, there are more Super Reels than there are tombs in the Valley of the Kings in Egypt!

Land on 5 Free Spins Symbols and you will activate whopping 30 Free Spins.

The Stacked Wilds can be randomly discovered after any normal spin, but the symbols to look for are the Light beam and the Golden Scarabs.

Good luck not catching a cold, or a deadly Ancient Curse...

Penny Slots FAQ

It all depends on what you're looking for. Penny slots are amazing for players who like to spend time getting to know the slot machine and spinning reels without the pressure of making bug bets.

Penny slots are great because you can bet as little as $0.01 while you're still learning the ropes, but if you're looking to land some wins, you will probably need to increase your bets. There is no single trick that will help you win on penny slots every time, but slot strategy tips will come in handy.

Generally, if you want a penny slot machine with the best odds, you should aim at those with RTP over 97%. Progressive jackpots, bonus rounds and free spins features should also be taken into account when you're deciding how much you could win on a particular slot.

It's hard to say what penny slot game is the best to play because it varies from person to person. We've put together many great penny slots, so skim through the article and see what strikes your fancy - this list of top penny slots will have your new favourite on it.

Penny slot games were introduced in the gambling industry when the slot machines were made paperless. These slot machines give the players options of multi-lines, and they have gained a lot of importance in the past few years, as they give the players a good value for their money. Experts have stated that these penny slots games are an effective way of betting, as the players invest a relatively low sum on them. On the plus side, even though these games are low investment for the players, they can reach high bets due to their multi-line feature. At present, most casinos let the players bet between .10 cents and .20 cents on these games. Therefore, if a player is playing on a 50-line machine, he or she will be able to bet a maximum of $5 to $10.

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How to Play Penny Slot Games

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Even though penny slot games are similar to the other slot games available at the casinos, players need to understand them well enough to be able to win while playing. Primarily, a player needs to read all the rules and regulations of the slot game before he or she starts playing it. Once the player knows the rules of the game, he/she will be able to place suitable bets on every stage. In some slots, the player needs to place the maximum bet to win a bonus, or a progressive jackpot, so reading the details of the game will help the players place their bets accordingly.

Since penny slot machines are multi-line slot games, it is advisable that players play all the lines that are available to them. If a player plays on many lines, the chances of him or her winning a higher bet rate increases. Playing all the lines on the slot game may give the player better chances of winning, but they need not necessarily increase the payout value. However, this will increase the value of money that a player can win during the bonus rounds.

While playing multi-lines, it is important that players keep a tab on the number of coins they are betting on each of the lines, as they can easily go overboard in this section. If the players are winning, they should increase their bets, and if they are losing, they should decrease their bets. Most often, players tend to increase their bets when they are losing in their game, however, it is better to lower bets in such circumstances.

New Penny Slots on the Market

Recently, IGT or the International Game Technology, a popular name in the slot games industry, announced that it is going to launch a penny version of its popular slot game Megabucks. The original Megabucks game is a dollar coin slot machine. In this game, the player need 3 coins to win the jackpot and the jackpot value of the game changes with every grand win. This game is a part of the IGT’s MegaJackpot slot system, which connects approximately 750 slot machines, in around 136 Nevada-based casinos, with a common jackpot amount. Since this game has been introduced in the penny format, the players have been able to win jackpots worth millions by just spending a few pennies.

What is the Biggest Progressive Jackpot Win on Penny Slots

The biggest progressive jackpot win while playing IGT’s penny slot game has been worth $18,799,414. This jackpot was won by a 66-year-old man. According to the winner, he was not a big fan of penny slot games and usually played video poker. However, he decided to play penny slots one day and his life completely changed.

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The winner put in $100 to play the game, once he had played $44, he saw five eagle symbols on the screen, and thought that he had won approximately $4,000 or $5,000, he stated. However, when the symbols appeared on the reels, the jackpot on top of the machine changed from $18 million to $10 million. The winner won this jackpot at the Pahrump Nugget Casino in Las Vegas, and he is so far the highest jackpot winner for penny slot games.

The Battleship slot game by WMS

Another popular slot game that is enjoyed by several players in Las Vegas is the Battleship slot game by WMS. This game is a classic board game turned into a slot. The game has a lot of bonus features and additional rewards. When the bonuses are triggered during the game, the players move into a communal bonus round, where in their eligible teammates help win a jackpot.

The most exciting feature of this game is the fact that is a community game, where in teams compete with each other. In addition to this, the game has a very unique design and it has sensory immersion technology as well. The game consists of two video reels, and two mechanical transmissive reels. The theme of the game is based on technology, and it has been designed with a lot of care by the developers, who took 2 years to design this slot game.

The game consists of three bonus features. These bonuses include Free Spin Victory, Find Conquer, and Bomber’s Run. Apart from these three bonus features, the game has approximately four Battleship based themes, which also have unique bonus rounds in them. The Commanding Officer is 5-reel video theme in the game, and the bonuses offered during this theme are similar to the ones in the original board game. The second theme of the game is the Periscope Pays, which is again a 5-reel video that includes wild features. The bonus under this theme offers the players free spins. The other fascinating themes in the game are the Grans Armada, and the Brigade. Both of these themes have five or four mechanical, and they have free spin bonuses as well.

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The players received this game very well as it combined the traditional board game with the new slot format. The players also enjoyed the fact that the game had to be played in teams. As a matter of fact, Battleship is one of the most popular games made by WMS, even though WMS produces many slot games every year. It is a popular pick among the theme-based slots, and it is available in many casinos in Las Vegas, as the regular players enjoy playing them.

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The History of Penny Slot Machines

Casino authorities keep introducing new games to attract players to their outlets. At present, penny slot games are a popular choice among the players. According to experts, penny slot machines are always occupied at the casinos, and the people play these slots almost every day. These slot machines have a long history, and the first penny slot machine was built in the year 1895. At the time of its launch, the manufacturers called these slot machines, Liberty Bells.

During the early 1900s, the manufacturers of penny slot machines received a lot of orders from various interested clients. The craze for these machines shot up to such an extent that the manufacturers had to collaborate with each other to produce these penny slot machines for all their clients. Most of the manufacturers collaborated with California-based firms to meet their orders from across the globe.

However, even though penny slot machines gained a lot of popularity in the local gambling circuit in the US, they did not really make an appearance in Las Vegas until mid 1900s. In the beginning, none of the popular casinos chose to sponsor these slot machines. Casino owners noticed these slot machines for the first time when they were introduced in hotel Flamingo, a popular hotel in Las Vegas region. Even after the launch, these slot machines were not considered as a good option for the regular players, and were considered more suitable for the women. However, after a few months time, these slot machines gained a lot of popularity among all players.