Thinking about giving Dragon's Axe a spin? We tested it thoroughly so you know what to expect. Built by Merkur, it lands as a game with very high variance and an RTP of 95.98%. You get a 5-reel grid running 10 paylines, all built around a dragon theme. If everything lines up, Dragon's Axe can pay up to 5,000x your bet. Let's break down what works and what doesn't.
Written by Sarah Mitchell · Last updated: January 2026
At its core, Dragon's Axe is a game produced by Merkur, themed around dragon. It runs on 10 paylines across 5 reels with very high variance, and a return-to-player rate of 95.98%.
Dig into the bonuses and Dragon's Axe starts to stand out. Look out for scatter symbols that unlock free spins and extra bonus rounds. With very high variance, this one is aimed at players who can ride out the swings for the top wins. On balance, Dragon's Axe is a dependable option worth a few spins in the demo first.
At 95.98%, the RTP is slightly below the industry average of ~96%. While this is typical for many popular slots, players should be aware of the slightly lower theoretical return.
Very high volatility delivers the most extreme payout profile — long dry spells punctuated by potentially massive wins. Only recommended for experienced players with substantial bankrolls and high risk tolerance.
About 1 in 3 spins results in a win. This is a moderate hit frequency that balances win frequency with payout size.
Dragon's Axe features scatter symbols that can trigger free spins rounds. Landing the required number of scatter symbols anywhere on the reels activates the free spins feature, giving you extra chances to win without additional bets. During free spins, special modifiers may apply to boost your winning potential.
3.0 / 5 — Good
Dragon's Axe by Merkur is a solid offering that delivers good entertainment value. The 95.98% RTP combined with very high volatility creates a well-balanced gaming experience.