"Computer Gaming World"s Robert Coffey said that the game "expands upon the insanely addictive play of the previous edition, retaining the core gameplay while enhancing almost every facet of the game". He continued to say that the game is "mind-boggling in its depth", but criticized its uneven campaign pacing and "sluggish" connection speeds during online play. He concluded: "Ultimately, the rewards of "Heroes of Might and Magic III" far outweigh its few drawbacks. ... is a game that strategy fans should absolutely be playing".