Guide to The Best Online Casinos Iceland Has in 2023

Embarking on a quest to find the best online casinos in Iceland for 2023, 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.

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 neighbouring 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 a 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 favourite 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 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.

Payment Methods for Icelanders at EU Online Casinos

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

• 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 (FAQs)