Our review of Rise of Shinobi cuts through the marketing and looks at what matters: how it plays and how it pays. RAW iGaming are the studio behind it, tuning the slot for a high volatility profile, with 94.31% RTP. The maximum win sits at 5,000x, so there's serious upside on the table. It first went live in 2023 and still earns its place today. Visually it's leaning into an asian aesthetic, with the action running on a 5-reel grid running 20 paylines. Let's break down what works and what doesn't.
Written by Alex Crawford · Last updated: February 2026
Rise of Shinobi is a game from RAW iGaming, themed around asian and powered by a 5-reel grid running 20 paylines. The result is a high-variance maths model paired with an RTP of 94.31%.
Where Rise of Shinobi earns its keep is the feature set. Look out for scatter symbols that unlock free spins and extra bonus rounds. The high volatility means patience is rewarded — expect quiet spells broken by bigger hits. All told, it's a solid entry in the RAW iGaming catalogue.
The RTP of 94.31% is below the industry average of ~96%. This is common for older slots or those with special features. The lower RTP may be offset by unique mechanics or higher maximum win potential.
High volatility means longer gaps between wins, but when wins do land, they can be significantly larger. A bigger bankroll and patience are recommended for this type of slot.
About 1 in 3 spins results in a win. This is a moderate hit frequency that balances win frequency with payout size.
Rise of Shinobi 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
Rise of Shinobi by RAW iGaming is a solid offering that delivers good entertainment value. The 94.31% RTP combined with high volatility creates a well-balanced gaming experience.