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Peaky Blinders
Pragmatic Play
Aug 26, 2020

Peaky Blinders

RTP

96.5%

Volatility

Medium/High (4/5)

Max Win

2,022x

Key Facts

Peaky Blinders is a medium/high (4/5)-volatility online slot from Pragmatic Play with an RTP of 96.50% and a maximum win of 2,022x.

Provider
Pragmatic Play
RTP
96.50%
Volatility
Medium/high (4/5)
Max win
2,022x
Paylines
20
Released
2020

Page updated August 2026

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Game Review

Reviewed by Johnessy

Peaky Blinders: A Landmark Branded Slot

Peaky Blinders holds a notable place in Pragmatic Play's history as the studio's first-ever branded slot release, built around the gritty British period drama of the same name. Set in Birmingham between the two World Wars, the show follows the ambitious Shelby crime family, and Pragmatic Play has translated that world onto a 5-reel, 20-payline grid with a genuinely fitting sense of atmosphere.

Theme & Gameplay Feel

The design leans hard into the show's identity, with a back-street setting of grim grey housing and drifting smoke, plus music lifted from the series playing in the background to set the mood. It's an appropriately moody, stylish presentation for a show built on tailored suits, sharp dialogue and hard-edged family loyalty. The paytable follows suit, with familiar faces from the show — Michael Gray, Polly Gray, Arthur Shelby and Thomas Shelby — making up the premium symbols, alongside a set of metallic 10-to-A low pays and a wild that substitutes for any regular symbol.

What the RTP Means for You

Peaky Blinders carries a solid default RTP of 96.5%, a genuinely strong figure that sits comfortably above the market average. That's a good sign for players who like to weigh up payback percentage before deciding what to spin.

Volatility & Hit Frequency

Instead of the usual lightning-bolt scale, Pragmatic Play rates this one using horseshoes, landing at 4 out of 5 — medium-to-high volatility. The hit frequency sits at roughly 1 in 2.9 spins, so returns land fairly often even as the game leans toward the higher-volatility end of the spectrum, giving a nice balance between regular action and bigger potential swings.

Max Win Potential & Betting Range

The top prize on Peaky Blinders is 2,022x the stake — a modest ceiling by today's standards, reflecting its status as one of the earlier branded Megaways-era releases rather than a modern high-multiplier chaser. Stakes run from 0.20 up to 100 per spin, keeping it accessible across most bankrolls. Landing a full line of premium character symbols pays 5x to 20x the stake, with the wild worth up to 20x for five of a kind.

Verdict

As Pragmatic Play's first branded slot, Peaky Blinders set a template the studio has built on many times since, and it holds up well thanks to a strong 96.5% RTP, a fitting atmosphere, and a fair medium-to-high volatility balance. Fans of the show in particular should enjoy the attention to detail. Try the free demo at johnessyslots to get a feel for the reels, or head straight into real-money play if the Shelby family's world has already won you over.

Peaky Blinders FAQ

What is the RTP of Peaky Blinders?+

Peaky Blinders has an RTP (return to player) of 96.50%. RTP is the theoretical percentage of total stakes a slot returns to players over a very large number of spins, as published by Pragmatic Play — individual sessions can land far above or below it.

How volatile is Peaky Blinders?+

Peaky Blinders is rated medium/high (4/5) volatility. High-volatility slots pay out less often, but wins tend to be bigger when they land — expect longer dry spells and larger swings to your balance.

What is the max win on Peaky Blinders?+

The advertised maximum win for Peaky Blinders is 2,022x. Max wins are extremely rare by design — treat them as a ceiling, not an expectation.

Who makes Peaky Blinders?+

Peaky Blinders is developed by Pragmatic Play and was released in 2020.

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