ELK Studios

Phoenix Graveyard

Slots Video Slots Fantasy Mythology Magic Horror Fire Warrior Medieval

Original Phoenix Graveyard chapter pairing rival Wilds with high volatility

Among the features listed for Phoenix Graveyard is Splitting Symbols, which 180 games in our catalog carry.

SlotRanker Score

/ 99

05099

The SlotRanker Score is calculated from the visible data below. It is not affected by affiliate deals, and it cannot be bought.

How this score is built

RTP

95%

return to player

Volatility

High volatility

variance

Max win

10,000×

top multiplier

Min bet

$0.20

per spin

Reels

1000000 lines

Player rating

4.0 ★

4 votes

DEMO Play free, no signup

ELK Studios

Embed on your site

4.0 / 5

4 ratings

User ratings are shown separately from the Slot Score unless stated otherwise.

Five weighted signals shape the composite. Four context signals refine ties. See how we rate for the full methodology.

Payouts & RTP8/10

RTP 95% → 8.0/10

Volatility9/10

high → 9.0/10

Win Potential8/10

x10000.00 (10000×) → 8.0/10

Features10/10

14 features → 10.0/10

Game Mechanics7.8/10

f=14 r=5 p=1000000 → 7.8/10

Context signals (tie-breakers)

Layout6/10

5x3 → 6.0/10

Bet Flexibility6/10

0.2–100 (×500) → 6.0/10

Provider Reputation7.1/10

provider avg 7.1 → 7.1/10

Popularity5/10

synthetic proxy → 5.0/10

Popularity blends real player search demand (~30 markets) with a catalogue-derived proxy; games without measurable search demand use the proxy alone. Not live play telemetry.

Cite this score

SlotRanker Score: 77 — Phoenix Graveyard by ELK Studios

https://slotranker.com/elk-studios/phoenix-graveyard#score

How to cite

Slot Summary

ELK Studios later followed Phoenix Graveyard with Phoenix Graveyard II, making this 2022 release the origin of the series' Phoenix-versus-Reaper conflict. The first game translates that rivalry into Walking Wilds, Respins, symbol splitting, and multiplier battles. Its 95% RTP, high volatility, and x10000 ceiling make the clashes consequential, while persistent expanded win ways carry the same tension into Free Spins.

How It Plays

The Grim Reaper enters as a Walking Wild and keeps Respins active while moving across the reels. Its attacks can also split higher-value symbols into more positions.

When a Phoenix Wild meets the Reaper nearby, a battle occurs. The result can double a multiplier or add another Phoenix Wild to the grid.

Theme & Atmosphere

Fantasy, Horror, and Medieval imagery support a town ruled by a corrupt mayor, with the Grim Reaper enforcing that rule and the Phoenix opposing him.

Fire and Magic give the Phoenix its contrasting role, while Warrior and Mythology elements turn each Wild encounter into a direct contest between named figures.

Fantasy Mythology Magic Horror Fire Warrior Medieval

Features & Win Potential

Walking Wilds supply the long Respin sequences, while Splitting Symbols increase the number of matching positions available after the Reaper attacks a higher-value symbol.

Multipliers become most important when the rival Wilds meet. A successful battle can double one value, linking the character conflict directly to payout potential.

High volatility Free Spins Multiplier Scatter Symbol Wild Symbol Respins 5 Reels Sticky Wilds Walking Wilds 243 Ways Bonus Buy RTP range Respin Wild Splitting Symbols

Bonus & Free Spins

Three or more Scatter symbols trigger Free Spins with up to 3 Phoenix Wilds. Expanded win ways remain in place throughout the bonus rather than resetting.

The Bonus Buy provides direct feature access, while the regular trigger preserves the same Free Spins focus on Phoenix Wilds, Multipliers, and persistent expanded ways.

Spec sheet

Phoenix Graveyard at a glance.

Identity

Slot namePhoenix Graveyard

StudioELK Studios

Released4/12/2022

Math

SlotRanker Score77

RTP95%

VolatilityHigh volatility

Max win10,000×

Bet range$0.20 – $100.00

Player rating4.0 / 5 · 4 votes

Format

Reels5

Paylines1000000

Layout5x3

Expected average based on this slot's 95% RTP — individual sessions vary with volatility.

Bet per spin

Spins per hour400

Session length (hours)

Cost per hour$4.00

Cost per session$4.00

Estimate only, for entertainment purposes — treat gambling as entertainment, not a way to make money, and set a budget you can afford to lose.

How long could a bankroll last on Phoenix Graveyard? We simulate thousands of sessions from this game's published RTP and volatility — the long-run math, not a prediction of your next spin.

Bankroll ($)Bet per spin ($)Speed

Volatility tier: High

Running simulation…

How this works

Each simulated spin either misses or returns a win drawn from a log-normal distribution, with the hit rate and spread set by the slot's volatility tier (High). The model is calibrated so the average return equals this slot's published RTP (95.00%), with wins capped at its top multiplier (10,000×).

This is a simplified, parametric model of the game's math — not its real paytable. It exists to make the house edge visible over many sessions, so the numbers above are averages across thousands of runs, never a forecast of one.

This is math, not a prediction. Real sessions vary wildly, and no strategy changes a game's built-in house edge. Play for fun, set limits, and never bet more than you can afford to lose.

Where to play Phoenix Graveyard

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Compare Phoenix Graveyard with other games

	Phoenix Graveyard Score 77This game	Wild Phoenix Rises Score 70	Masters of Eclipse Score 65	Fantasy Fortune Score 54	Eldritch Dungeon Score 90
Identity
Studio	ELK Studios	Mascot Gaming	Synot Games	Rival Gaming	Print Studios
Released	4/12/2022	7/19/2023	6/2/2022	6/26/2023	7/22/2024
Math
RTP	95%	95.2%	94%	94.4%	96.1%
Volatility	High volatility	High volatility	High volatility	Low volatility	High volatility
Max win	10,000×	—	5,340×	1,000×	20,000×
Format
Reels	5	5	5	5	7
Layout	5x3	5x4	5x3	5x3	7x7
Paylines	1000000	25	40	20	0
Min bet	0.2	0.25	0.1	0.2	0.1
Max bet	100	50	40	50	5
Features
Progressive	—	—	—	—	—
Wild symbol	✓	✓	✓	✓	✓
Free spins	✓	✓	✓	✓	✓
Scatter symbol	✓	✓	✓	✓	✓
Multiplier	✓	✓	✓	—	✓
Bonus game	—	—	—	✓	✓
Respins	✓	—	—	—	—

Every number is shown as a delta against Phoenix Graveyard.

Comparing against

Phoenix Graveyard

ELK Studios

RTP

95%

Max win

10,000×

Score

+ Bonus Game− Multiplier− Respins

+ Bonus Game− Respins

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