Best Online Casinos - Iceland
A relatively small country when compared to its Scandinavian neighbors, Iceland is potentially a thriving online gambling market. However, the country still has a long way to go before it becomes a place with a diversity of properly regulated online operators. Lottery and Sportsbook are legal in Iceland. As to online casinos, they are not allowed. However, players are welcome to play at offshore online operators. Meanwhile, our guide is here to supply you with:
- Premium gambling casinos in Iceland.
- Most popular Iceland-friendly games in online casinos.
- Recommended banking methods.
- Best welcome and mobile bonuses for new players.
Our database has 680+ online casinos ready to welcome players from Iceland. Out of them, four are what we call friendly — they have either a local language adaptation, local currency, or a specific banking method.
Country latest news
Tom Horn Gaming has recently announced its entry into the Romanian gambling market via one of the most popular operators in the country. The deal marks another important milestone for the studio that strives for the delivery of its games to as many safe and regulated markets as possible.
The story about Red Riding Hood continues to be a popular source of inspiration for many software providers. Thus, it is no surprise to have several such games released in 2021, and two of them have become available to players over the summer. These were interpretations of unusual titles by Ruby Play and Gameplay Interactive.
Evolution Gaming, one of the leading software developers in the field of live dealer and table games, continues to strengthen its presence within the Canadian gambling market with a new content agreement. A deal was signed with the Ontario Lottery and Gaming Corporation (OLG).
Legal Status for Icelandic Players and Casinos
In Iceland, online gambling has been prohibited for years. Or, should we say, while the industry appeared in the 2000s and evolved through the past two decades, with many European countries embracing it, in Iceland, it was never legalized. At the same time, players are welcome to register in international gambling lobbies and don’t have to be afraid to be prosecuted for doing so.
Gambling has a rocky history in Iceland. It was banned in the country in the 1920s, then re-introduced in the 1930s, only to be declared against the law once again a short while later. In the 90s, certain forms of wagering returned — these being lottery and sports betting, both regulated by the Financial Services Authority.
As we were writing this review, we heard that new bills were being developed. The intention of the country’s legislators is to finally embrace what online gambling offers, to develop a clear system of licensing and regulations, and to create a healthy and rapidly growing local market.
Statistics say that Icelanders are very fond of online casinos. In fact, per year, residents of the country contribute up to 5.6 billion Euros in gross gambling wins to international platforms. Out of the types of content, betting remains the most popular, followed by casino games. Iceland places 12th on the list of top 30 nations spending cash on online games. On average, an adult in the reviewed country spends up to 361 EUR per year.
|ISP Blocks||Bank Blocks||Notes||Sources||Score|
|Iceland||812||789||1||Banned||Local casinos banned, foreign – not banned||Criminal penalty for players||Not blocked||Not Restricted||Those who make gambling or betting their profession or involve others in gambling will be sentenced to up to 1 year of prison.|
Those who make gambling or betting their profession or involve others in gambling will be sentenced to up to 1 year of prison.
He who gains profit straight or not straight from gambling or betting activities shall be sentenced to up to 1 year of prison.
Gambling Availability Score 628.
Ranked 151 of 526
Banking in Iceland
The local currency of Iceland, Icelandic krona, is available in only 1% of online operators in our database that accept players from the country. This is less than 5 brands, including Bet365 and 1xSlots.
Alternatively, to ISK, we recommend Icelanders explore online operators accepting Euros. Popular and trustworthy platforms like Casoo, Guts, and CasinoLuck accept it, as well as 600+ other great brands. Plus, there is always an option to use crypto, be it Bitcoins, Dogecoins, Litecoins, or others. To mention a few out of great crypto-friendly places to bet and win, there is BitStarz and 1xBet.
When it comes to recommended payment methods, two of the most popular are Visa and MasterCard available across lots of lobbies, including an award-winning library of Leo Vegas. We can also recommend two e-wallets — Skrill and Neteller, available on 550+ websites.
In terms of payouts, e-wallets work much faster. Via verified accounts, you can expect wins to land in an account within 24 hours or less after they were claimed. With cards, it may take up to 3 workdays. The local banks won’t block financial transactions to and from casinos. Plus, gambling wins in Iceland are not subject to taxes.
Popular Icelandic Games
Icelanders are accepted in European regulated lobbies that host all the popular content, including new and older and established releases by Microgaming, Net Entertainment, Play’n Go, and Yggdrasil Gaming. This eliminates a big problem that many other niche markets like Australia and the USA have — players from these countries are limited to a selection of around 10 software developers. Iceland currently has no studios of its own that produce games.
Players from the reviewed country truly enjoy slot machines. Classic reeled adventures are massively popular but Viking-themed slots are an even bigger hit. Our database has 100+ great releases, including Troll Hunters by Play’n GO, Vikings Go Wild by Yggdrasil Gaming, and Viking Clash by Push Gaming.
What’s really great about slot machines available to Iceland is that there are so many great bonus features to choose from. The list includes free spins, Wild variations, bonus rounds, Megaways reels, multipliers, and avalanche or tumbling reels. Payouts in such non-progressive games may vary from anywhere between 1,000x to 100,000x the initial stake.
Those of our readers from Iceland into live games can enjoy an assortment of live roulette, live blackjack releases, gameshows, table pokers, and baccarat. Plus, there are games unique to the European market, such as Andar Bahar and Teen Patti.
In American Roulette, there are 38 black and red slots that are numbered as 1-36, one zero, and a double zero, both of which are colored green
Bingo is a game of chance played with different randomly drawn numbers which the player matches against numbers on his 5×5 card.
Never becoming old classic is always in trend! Cherries, plums, oranges and lemons, and sure bells are ready to reward players with a return up to 96.05% money spent!
Best Icelandic Bonus Offer
One of the best welcome bonus offers for Iceland is available at Mr. Green Casino. Not only is this one of the most decorated websites with all the prestigious industry awards, but it is also home to great live and non-live games. As for its promotions, the sign-up deal is a 100% cash match on the initial deposit. We are talking about a cash match plus the bonus spins. The rollover requirements are 35xB. Slot machines are the type of content to contribute 100%. If the wagering requirements are fulfilled properly and on time, the deal becomes cashable.
Best Mobile Offer
For the best mobile bonus offer, head to the instant lobby of the Magic Red Casino. Powered by Neo Games, the platform exists online since 2014. It complies with the Malta Gaming Authority and has content from 10 great studios. Its welcome bonus is a 100% cash match on more than one initial deposit. The package includes cash and bonus spins and is cashable. Slot machines will contribute 100% to the wagering requirements, which are between 35x to 45xBD. Among software developers available in the lobby, there are labels like Net Entertainment, Just For The Win, and Next Generation Gaming.
New Online Casinos in Iceland
Considering that Icelanders are accepted in international lobbies, the great news is that there are new operators appearing every month or so. We recommend sticking to brands with licenses from the Malta Gaming Authority and the jurisdiction of Curacao as these tend to be safer.
So, how do you choose the best casinos for Iceland? Adjust the search filter on this page to the current year and see all the options. Most likely, the list will still be relatively long, but you can narrow it down by specifying preferred payment methods, software, bonuses, and other services.