ELK Studios · 2025 · high volatility · free demo

Phoenix Graveyard 2

Phoenix Graveyard 2 is ELK Studios' follow-up to the original Phoenix Graveyard, and it expands the formula into a far busier machine.

Phoenix Graveyard 2 facts

RTP
94%
Volatility
High
Reels
5
Ways to win
All Ways
Max win
25,000×
Bet range
0.1 – 100
Released
Game type
Slots
Provider
ELK Studios

RTP varies by casino. Studios release the same slot in more than one RTP build and each casino picks which one it runs, so check the RTP in this game's own info screen at the casino where you play.

Categories Halloween

Demo not offered in: Canada.

Facts from the SlotsLaunch games feed, last synced 6 Sep 2026. The rules inside the game take precedence.

Free Demo

Phoenix Graveyard 2

by ELK Studios

18+ | T&Cs Apply | Gamble Responsibly

Last updated: Sep 2, 2026
Provider: ELK Studios RTP: 94% Volatility: High
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Slot Review

Phoenix Graveyard 2 Overview

Phoenix Graveyard 2 is a high volatility slot by ELK Studios with an RTP of 94% . This game features All Ways paylines across 5 reels. Play Phoenix Graveyard 2 for free on Slottomat, compare the core stats quickly, and browse trusted slot offers available in your market.

Phoenix Graveyard 2: ELK Studios' Rising Reel Sequel

How the Rising Grid and Ways to Win Work

The base layout is five reels by four rows, giving you 1,024 ways to win. Wins are formed by matching symbols on adjacent reels from the leftmost reel, so there are no fixed paylines to activate. The standout structural element is the feature row, a row of positions above the reels that unlock during play. When these positions are active, splitting effects can divide symbols and multiply the number of ways well beyond the starting 1,024, which is how the grid "rises" to its full potential.

Phoenix and Reaper Wilds

The two signature symbols are the Phoenix and the Reaper, both of which act as moving wilds that substitute for any paying symbol. They are moving wilds that substitute for any paying symbol and can unlock features in the feature row. The Phoenix and Reaper skull features may activate during any spin, unlocking feature row positions and staying active for the rest of the round. Stacked symbols round out the symbol set on the main grid.

Free Spins and the Super Bonus

Landing three bonus symbols triggers the free spins round, the main event of the game. The standout twist is the Super Bonus: if you trigger a bonus while a Phoenix or Reaper skull feature is active, you enter an upgraded version with the feature row fully unlocked and all the splitting effects powered up. That combination of unlocked positions, persistent enhancements and the wild battle mechanic is where the largest payouts come from, so the bonus is far more than a simple free-spin counter.

RTP, Volatility and Max Win

Phoenix Graveyard 2 runs at a 94% RTP, which sits a little below the common 96% benchmark, so factor that into your expectations. Volatility is high, meaning wins arrive less often but can be large when the features align. The maximum win is capped at 25,000x your stake. On the top bet of 100 that ceiling represents a substantial payout, but high-volatility math means hitting anywhere near it is rare and depends on the bonus and splitting mechanics stacking up.

Betting Range and Mobile Play

Stakes run from 0.20 per spin, a range that accommodates cautious players and higher rollers alike. The features, RTP and volatility are identical across desktop and mobile.

Try the Phoenix Graveyard 2 Demo

The free demo above lets you explore the rising grid, the wild battles and the feature row without spending anything. It is a useful way to get a feel for the high-volatility rhythm and how often the bonus triggers before you commit real funds. If you enjoy ELK Studios' mechanic-heavy designs, browse more titles on the ELK Studios provider page, or try similar games such as Cathedral 9, Oxygen 2 and Dead Man's Gold.

FAQ

Common Questions About Phoenix Graveyard 2

Direct answers to the questions players usually ask before trying a slot.

Phoenix Graveyard 2 has a 94.0% RTP and is classified as a high volatility slot from ELK Studios, so wins are less frequent but can be large when the features align.
Yes, you can try the Phoenix Graveyard 2 demo version to play for free. This allows you to experience the game at your own pace.
The betting range for this slot is from 0.20 per spin. It is not a fixed-payline game: it starts with 1,024 ways to win on a 5x4 rising grid, and that figure expands as the feature row's splitting symbols come into play.
Phoenix Graveyard 2 is developed by the provider Elk Studios. You can find their other high-quality games on our site.
Yes, like most modern Elk Studios slots, it is built with mobile play in mind. You can access the Phoenix Graveyard 2 demo on smartphones and tablets.