"Electronic Gaming Monthly" gave the Atari Jaguar version an average of 6 out of 10. The four reviewers agreed that it was virtually identical to the arcade version, but were divided about the quality of the game itself. Two of them described "Raiden" as "above average", and two described it as mediocre, saying that the ship moves too slow, enemy fire often blends in with the background, and the graphics are subpar given the Jaguar's capabilities. "GamePro" similarly criticized that the gameplay is outdated, the ship moves too slow, and that the graphics do not live up to the Jaguar's potential. They concluded that "a snoozer like "Raiden" just seems out of place on a powerful system like the Jaguar". The Jaguar version has sold more than 22,000 copies since its release as of 1 April 1995, though it is unknown how many were sold in total during its lifetime.