Best Online Casinos Iceland: IS Casino Guide

Embarking on a quest to find the best online casinos in Iceland for 2024, it’s wise for you to comprehend the potential obstacles. The online casino gaming sector in Iceland is largely prohibited, but there are certain exceptions. Activities such as lotteries, bingo, betting, and slot machines are allowed, but all proceeds must go to charity.

Armed with proper direction and insights, you can uncover the top online casinos to play in Iceland. 

Iceland Online Gambling Details

  • Online Gambling Landscape

    Unlike casino sites licensed in the UK, Sweden, the Netherlands, or Denmark, Iceland doesn’t have any licensed online casinos. Consequently, Icelandic players are accustomed to using online gambling options on the internet at EU and European casino websites, as well as other international igaming platforms in general.

    Since the country doesn’t have specific laws regulating international European casino websites, Icelandic players can unrestrictedly access and play on these sites.

  • Lotteries

    There are two types of lotteries in Iceland: those governed by special acts and those under the Law of Lotteries. In both cases, the winnings depend on luck. Popular lotto games, such as Vikingalotto and Eurojackpot, are run by Íslensk getspá, a company owned by organizations that support sports and activities for disabled people.

    Tickets are sold at various locations, and smaller prizes up to ISK 25,000 can be claimed at sales locations. The chances of winning a major prize are low, and other winnings are generally modest.

  • Betting

    Betting is permitted in Iceland, with two main types: the Strip and 1×2. Both are operated by Íslenskar Getraunir (Icelandic Sweepstakes), a company created to fund sports activities. To claim winnings over ISK 25,000, winners must provide their personal information.

  • Slot Machines

    Land-based slot machine games in Iceland are considered a type of fundraising mechanism for public good operated by Íslandsspil in accordance with the law and regulation outlined on the IS government website: althingi.is/lagas/153a/1994073.html.

Online Casino Slots and Games

The slot machines offered by Íslandsspil are located in corner shops, amusement arcades, and wine bars. Those located in shops allow a deposit range of 10-250 ISK, and the maximum win is 20,000 ISK. For those in arcades and wine bars, the maximum deposit is ISK 300, and the highest single win is set at ISK 300,000. 

Top Online Casinos for Icelandic Players

For years, some of the preferred online casinos among players from Iceland have been those based in neighboring countries like Sweden, such as Betsson, which has a website in the Icelandic language and a 100% welcome bonus up to €1,000 for new players.

This online casino provides a trusted gaming environment, often praised on social platforms like Reddit for their high payouts and massive Netent slot jackpots.

Besides Nordic casino websites, Icelandic players can find Euro-based casino sites to gamble at. Top-rated Euro casinos are known for their generous first deposit sign-up bonuses, ongoing promos, and a range of payment options, including the acceptance of cryptocurrencies and even American Express credit cards (Amex).

Safety and security are of the utmost importance at these European sites, ensuring all their online patrons can enjoy smooth playing.

One of the best online casinos in Europe for Icelandic players is BitStarz, which boasts nearly 4,000 real money and crypto games (slots, live, RNG), cashouts in under 10 minutes, and a personalized VIP program.

Another good quality online casino that accepts players from Iceland is CasinoEuro, which has been operating in the European gambling market since 2002.

Popular Games for Icelandic Players in Europe

Icelandic players at European online casinos can enjoy 1000s of popular games, including Nordic-themed slots, classic RNG table games like European roulette with 37 numbers, blackjack, as well as live dealer versions of these games. Notably, software providers like Evolution Gaming offer Icelandic live dealer roulette tables.

Other popular games include baccarat, dice games like live craps, and 3 card poker.

Live Poker Games

Though the local online poker industry is restricted and gambling for a living as well as professional gambling is illegal in Iceland, Icelandic players still tend to access various international poker rooms and poker networks, such as Playtech’s iPoker Network, that have diverse player pools and reliable software.

One popular example of a poker room on the iPoker Network is Bet365 Poker which offers a fully secure environment for Icelandic poker enthusiasts. Betsafe and Betsson poker is also accesible.

Sports Betting Options

Icelandic players seeking top sports betting sites in Europe can enjoy a plethora of options at international online sports betting platforms via desktop and mobile sites or mobile betting apps.

Some of the top sports betting sites available to gamblers in Iceland include NordicBet, Betsson, 1xBet, and Bet365.

These casino sites offer sportsbooks with worldwide popular sports to bet on, such as football, basketball, tennis, and ice hockey, and other sports like baseball, golf, and boxing. 

  • Football remains the top choice among Icelandic players, with opportunities to bet on leagues like the English Premier League and the UEFA Champions League. Basketball enthusiasts can place wagers on the NBA, EuroLeague, and other global competitions. Tennis and ice hockey also attract significant attention, especially during major events like Wimbledon or the NHL season.

Just like in other countries of Europe, mobile betting in Iceland allows players to place bets on their favorite sports conveniently and on-the-go. And many online casinos, including NordicBet and Bet365, provide even dedicated mobile apps.

Available Casino Bonuses and Promotions

All reputable internet casinos offer deposit bonuses to their players. The quality of these bonuses varies, but they generally include the following:

  • Welcome Bonus – A bonus for new players after signing up and depositing, generally involving a match bonus
  • No Deposit – A bonus allowing free play without depositing, useful for testing new casinos and games
  • Free Spins – Bonus spins on select slots, with winnings often subject to wagering requirements and cashout limits
  • Reload Bonus – Existing players get a 25-10% bonus when depositing again, usually includes free spins
  • Cashback – A percentage of real money losses, helping to minimize losses and prolong gameplay

Note: Every bonus has its own conditions, unique across casino sites, and Iceland players may not always be eligible for all offerings.

Leading Casino Game Software Providers

When playing at online casinos in Europe, there are several leading game providers that Icelandic players can find. Some of these providers focus on creating online casino slot machines, while others specialize in live casino games only.

Netent

A Swedish company founded in 1996 known for medium volatility slots with innovative features. Their popular slots include Dead or Alive, Starburst, Gonzo’s Quest, and Mega Fortune.

Play’n GO

A Swedish game developer founded in 2005, known for its slick and intriguing slots, such as Book of Dead, Reactoonz, Testament, and Moon Princess.

Novomatic

An Austrian gambling company founded in 1980 with a vast portfolio of slot games, including the popular online and land-based Book of Ra series and CASH CONNECTION™ games.

Thunderkick

A Stockholm-based company creating innovative and quirky slots like Pink Elephants, Esqueleto Explosivo, and Birds on a Wire.

Nolimit City

A Malta-based studio founded in 2013 creating high volatility slots like San Quentin xWays, Deadwood, and Tombstone.

Yggdrasil

A Swedish company offering modern slots with unique themes, such as Vikings Go Berzerk and Hades and Golden Fish Gigablox.

Evolution Gaming

A world leader in live dealer games, Evolution Gaming provides live casino games and casino game shows like Dead or Alive Saloon, Crazy Time, and Lightning Roulette.

Relax Gaming

A Malta-based company offering slots and table games, best well-known for popular bonus buy slot titles like Money Train 2 and 3.

Big Time Gaming

An Australian company behind the bonus buy feature and Megaways mechanic, BTG’s top slots include Bonanza, Extra Chilli, and White Rabbit.

Payment Methods for Icelanders at EU Online Casinos

Icelandic players have various payment methods available to them when gambling at EU online casinos.

PaymentDescription
Credit/debit cardsMajor credit cards like Visa and Mastercard are accepted, although not all casinos accept debit card deposits from Icelandic banks
E-walletsSkrill and Neteller are popular, fast options for online casino deposits and withdrawals, but they come with associated fees
Prepaid cardsPaysafecard offers a secure and private deposit method, allowing perfect control over gambling expenses due to its prepaid nature
Bank transfersA traditional and reliable method, bank transfers can be slower and more expensive than other alternatives
CryptocurrencyMany online casinos nowadays accept cryptocurrencies like Bitcoin, Ethereum, and USTD, offering privacy but requiring some technical knowledge
  • Prepaid vouchers and virtual cards are also options that may be available at casinos that accept players from Iceland.

Alternatives to Casinos in Iceland

While Iceland lacks land-based casinos, Icelandic players can explore several alternatives for playing casino games. One option is to visit nearby countries, such as Denmark, Ireland, the UK or Sweden, which have land-based casinos and live poker tournaments. Our memorable chat at London’s Hippodrome Casino with Icelandic locals highlighted their interest in this game as well as sports betting and blackjack.

Another alternative for Icelandic players is to join online casinos that are based, licensed, and regulated in other European countries. Social casino games that are accessible on platforms like Facebook, as well as on Google and Apple mobile apps can also offer an entertaining plus risk-free experience.

Gambling Help Resources for Players in Iceland

Gambling addiction, also known as gambling disorder, is a serious issue that affects many players worldwide. In Iceland, players can reach out to the Icelandic Red Cross helpline at 1717 or SÁÁ at 5307600 for assistance.

Another option is to contact Getspá/Getraunir at 5802500 for information about available resources.

Reputable online casino operators in Europe also recognize the importance of responsible gambling and offer self-help guides, deposit limits, and links to external sources like Gamblingtherapy.org where those who are in need can get professional help.

Frequently Asked Questions

Is online gambling in Iceland banned?
Online gambling in Iceland is not banned outright, but the Icelandic government doesn’t issue licenses for online or land-based casinos. As a result, most online casinos that accept Icelandic players are licensed and regulated in other countries by authorities, such as the Malta Gaming Authority or the Swedish Splelinspektionen, among others which operate under stricter regulatory frameworks.
Are there legal restrictions for online gambling in Iceland?
Online gambling is not explicitly mentioned in Icelandic legislation, and there are no online gambling sites operating from within Iceland. However, Icelandic players might encounter registration restrictions at casino sites set by the casinos themselves or gambling regulatory authorities from other countries.
What are the best online casinos for Icelanders?
The concept of the best online casinos for Icelandic players involves multiple factors, such as site popularity, game variety, security, convenience, and customer support quality. These factors contribute to an ideal gaming experience. Icelandic players can consider options like Bitstarz, Betsafe, and Betsson, keeping in mind the importance of popularity and reputation as well as player-centric benefits.
What payment methods do Icelandic players have?
Icelandic players at European casinos can find credit/debit cards, e-wallets, prepaid cards, bank transfers, and cryptocurrencies.
What mistakes should Icelanders avoid when gambling online?
To prevent typical mistakes, it would be wise for Icelandic players to first understand the rules established by the Iceland government, especially those outlined in Art. 181 of the Penal Code, as well as the rules of the games they intend to play. Playing exclusively at reputable online casinos and managing their bankroll effectively, and refraining from chasing losses is also important.
How can Icelanders ensure they play at safe casino sites?
To ensure they play at secure online casino sites, Icelandic players should choose popular casino sites among fellow players. Plus, they must be licensed and regulated by reputable igaming authorities. Players should also look for casinos with security measures, such as up-to-date SSL certificates and 2FA account protection. It’s also important to play at casinos that offer fair games with clearly displayed RTPs, which are routinely audited for fairness.
How to tell if an online casino is licensed?
In order to confirm if an online casino is licensed and regulated, you can examine their website for details regarding their license and the regulatory body responsible for supervising their activities. Top online casinos will clearly present this info and allow straightforward access to their licensing details in the site footer.
What factors should Icelanders consider when choosing an online casino?
When choosing an online casino, IS players should consider factors including the casino’s popularity, availability of the Icelandic language, the selection of games on offer, accepted payment methods, deposit bonuses and promotions, and the quality of customer support provided.

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