Penny Slots

Posted by Joe Ellison .

For the low stakes players among us, it doesn’t get much better than penny slots. Penny slots are an awesome way to stretch your bankroll without missing out on jackpot games. Read on to find out where to play them, why to play them, top penny slot tips & more!

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What Are Penny Slots?

To put it simply, penny slots are games where you can wager just 1 cent per spin. With such a tiny wager, you can extend your bankroll as long as possible and avoid overspending. Penny slots are available at pretty much every land-based casino, and online casinos are following suit!

Are Penny Slots Worth Playing?

Here are four of the top reasons to play penny slots in 2024

Win Real Cash

Make no mistake, you can win lots of money playing penny slots. You’d be forgiven for thinking you could only win big sums by playing costly progressive slot machines, but it’s not true. It’s 100% possible to win life altering money playing penny slots. Here’s one of many examples:

In 2006 a 66-year-old man in Nevada stuck it rich when he won the largest amount ever recorded from a Penny Megabucks machine. How much did he win? $18,799,414.

To be clear – wins of this size are incredibly rare. The odds are against you, so don’t expect it. Just know that it’s possible.

Play Cool Games

The best slot software developers in the world know that people enjoy penny slots, so they make awesome ones! The likes of Betsoft, Real Time Gaming, Microgaming, Playtech, Bally, IGT, WMS and Aristocrat have all produced penny slots before.

Additionally, you don’t have to compromise on theme or style because you’d like to play low stakes. Many licensed slots can be played for just a penny including The Dark Knight, Grease, Iron Man, the Wizard of Oz, Star Trek & more. You can find literally hundreds of penny slots online, so there is sure to be something which appeals to you.

Play for Jackpots

Think you can only win jackpots by playing those big, expensive dollar machines? Well, you’d be wrong. Many penny slot machines have jackpots you can win.

For example, a few weeks ago in Missouri I was playing the Adventures to Neverland slot. It had a progressive jackpot for each of the characters – Captain Hook, Peter Pan, Wendy and Tinkerbell. Whenever I played a bonus round I had the chance to win one.

Then you have my example above where people have won millions playing penny progressive slots. The jackpots are out there – you just have to find them. A good way to do that is to visit our recommended casinos above or read our online casino reviews.

Try Them for Cheap

Maybe a machine catches your eye, but you have no idea if you’ll like playing it. The theme might be outdated or perhaps it doesn’t have bonus rounds.

The good news is that penny slots let you find out for cheap. You can wager as little as one cent, which means you won’t lose more than $3-$6 (on average) in an hour. That’s plenty of time to decide if the machine is any good.

Then once you do bet all the lines (for $12-$30 per hour), you’ll be having fun and increase your chances at hitting something good.

Expert Penny Slot Tips

These tips will help you play penny slots online or in a brick and mortar casino:

Manage Your Bankroll

If you’re betting 1¢ per spin, you won’t have much trouble here. If you decide to up the stakes, be careful. You can make 400-600 spins per hour. If you’re betting one 1¢, you’ll spend $4-$6/hr. If you up the stakes to 60¢, you’ll be spending $240-$360/hr.

Play Bonus Rounds

Some machines are just setup to payout more, and more often. The same goes for bonus rounds. Find a machine that has them because even if you’re down on your luck and not winning any money, you’ll be having a good time playing mini-games and getting small wins here and there.

Have a Loyalty Card

Remember what I said above about how much money you can spend on penny slots if you up the wager a little? If you get a loyalty card then all that money you spend will contribute to you getting more spins, cash back or, if you’re playing live, buffet or drink coupons.

Play the Jackpots

Even if the winnings won’t often be as big as the larger denomination machines, hitting any kind of jackpot or bonus round is exciting. Plus, any sort of winning – no matter the size – will give you something to talk about with your friends later. Sounds like a good time to me.


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Joe Ellison

Joseph is a dedicated journalist and horse racing fanatic who has been writing about sports and casinos for over a decade. He has worked with some of the UK's top bookmakers and provides Premier League soccer tips on a regular basis. You'll likely find him watching horse racing or rugby when he isn't writing about sport.

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