Online Casinos in Iceland

Author: Steven D. Thompson

Updated: 20/11/2024 11:21 AM

The legality of playing at online casinos in Iceland is somewhat ambiguous. Icelandic law does not specifically address online gambling, which creates a gray area. As of now, there are no licenced Icelandic online casinos, and the government does not issue licences for online gambling operators. However, Icelandic players are not penalised for playing at international online casinos that accept Icelandic players. Below, we'll cover everything about these operators and list the top online casinos.

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List of Best Online Casinos in Iceland

New Bonus

Rating:

10/10

Excellent

Welcome Bonus 125% up to $1,000

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Pros

The sign-up offer gives you bonus funds on your first three deposits.
Wide range of bonuses for existing customers.
Many pre-match betting markets to choose from.

Cons

You can make only one withdrawal request in seven days.
No mobile betting app.
No live streaming.

Odds Margin: 93%

Extra Features: Casino, Tournaments, VIP Programme

Payment Methods: American Express, Bitcoin, ecoPayz, Litecoin, MasterCard, Paysafecard, Visa

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

Rating:

9.9/10

Excellent

Casino Welcome Bonus 500% up to 90,000 USDT + 100 FS

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Pros

Nice and easy layout
Multiple website languages
Bitcoin casino

Cons

Lack of FIAT currencies
No mobile app
Lack of live streaming

Betting Software: Betradar

Odds Margin: 94%

Extra Features: Bonuses, Casino, VIP Programme

Payment Methods: Apple Pay, Bank Transfer, Bitcoin, Dogecoin, Ethereum, Litecoin, MasterCard, Visa

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

Popular

Rating:

7.2/10

Very Good

Daily Match Bonus 100% up to $1000

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Pros

Generous welcome bonus for newly registered players
Exclusive VIP perks
Crypto-friendly platform

Cons

Limited collection of casino games
Quite long withdrawals
No licence is available

Odds Margin: 93%

Extra Features: Bonuses, Casino, VIP Programme

Payment Methods: American Express, Bitcoin, Bitcoin Cash, BNB, Ethereum, Litecoin, MasterCard, MoneyGram, Tether, USD Coin, Visa, Zelle

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

Trusted

Rating:

7/10

Splendid

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Pros

The loyalty program gives enticing rewards to regular bettors.
Cryptocurrency transactions offer various perks.
24/7 phone, email, and live chat support.

Cons

Small withdrawal fee.
No live streaming.
There could be more betting markets.

Odds Margin: 95%

Extra Features: Bonuses, Tournaments, Cash Out Func., Live Streaming, Odds Boost, VIP Programme

Payment Methods: American Express, Bank Transfer, Bitcoin, Ethereum, Litecoin, MasterCard, Visa

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

Popular

Rating:

6.63/10

Splendid

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Pros

Crypto-friendly sportsbook
Fast withdrawals
No payment fees

Cons

No phone support

Odds Margin: 93%

Extra Features: Bonuses, Casino, Mobile App, VIP Programme

Payment Methods: Binance Pay, Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, Ripple, Stellar, Sticpay, Tether

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

Table of Contents

Online Casino Regulations in Iceland

Online gambling is illegal in Iceland and there is no regulator that gives out licences and overlooks the iGaming market. However, there is no law forbidding Icelanders from joining international online casinos. Players can do that with or without the use of VPNs.

We should mention that Iceland does have state-operated gaming sites that offer sports betting and lottery games. These are the only forms of online gambling allowed in the country. But you must be at least 18 years old to wager at these sites.

Here are some Icelandic gambling milestones that you may want to know about:

1926 - The Lottery Act of 1926 did restrict most gambling, but it was amended several times to allow state-run lotteries, sports betting, and eventually slot machines.
1933 - Iceland amended the Lottery Act so the University of Iceland could create its own lottery.
1972 - The formation of the first sports lottery in Iceland.
1986 - The country started organizing the first state general lottery.
1994 - Land-based slot machines became legal, with all the profits going to charity.
1998 - Iceland adopted regulations which stated that organizing, conducting and participating in gambling is a violation of the Criminal Code.

Introduction to Online Casinos in Iceland

The only legal online casinos that are available in Iceland are the offshore gaming sites that feature valid licences. But the safest international casinos are the ones licenced by well-known regulators. They make sure the operators play by the strict rules.

A good casino online site always collaborates with reputable software providers. Some of the ones worth mentioning are Pragmatic Play, NetEnt, Play'n GO, Evolution Gaming, Red Tiger, etc.

Top operators will offer you a chance to play various of games, including slot games, table games, live dealer games, progressive jackpots, etc. On such platforms, you'll find many variations of the classic games.

When you want to deposit or withdraw money, the casino will present numerous payment methods. On the list, you'll usually find credit and debit cards, prepaid vouchers, e-wallets, bank transfers, and crypto.

After joining a casino online Iceland, you'll notice that the operator offers a variety of casino bonuses. A top casino will always offer a generous welcome bonus as well as many other hefty promotions. However, make sure to read the T&Cs before you apply.

How to Start Playing at Online Casinos in Iceland

Starting at one of the best online casino sites is very straightforward. All you need to do is follow our step-by-step guide and you'll begin your gaming journey in no time.

Step 1

Choose a Top Online Casino From Betpack

Begin by exploring the Iceland casino platforms presented on this page and choose the one you like. Every single one of them has a gaming licence and comes with all the necessary features.

Step 2

Create a Casino Account

Next, click on the "Sign Up" button and fill out the registration form. After that, you'll need to verify your casino account so the operator can approve your withdrawal requests.

Step 3

Deposit Some Funds and Claim a Welcome Bonus

After that, you can access the "Cashier" section and deposit some funds. Make sure to check if the operator offers a sign-up casino bonus before you make your first deposit.

Step 4

Select a Casino Game and Start Playing

Lastly, go to the game library and check out the available online games. Before you start playing one of the games, we advise you to read the rules and try out the demo version.

How We Compare and Rank Icelandic Online Casinos

Our team of experts carefully examines every online casino in Iceland before considering listing it. During this process, we tend to check some crucial features. Below, we'll reveal and describe those important features.

Licence / Security

The gaming licence is the single most important thing at every Icelandic online casino. Besides the licence, we also check if the operator utilises the latest 128-bit SSL encryption software.

Casino Bonuses

We then evaluate the casino bonuses to see if they are rewarding or not. For this step, we read the T&Cs of every available casino bonus as well as the universal casino bonus terms.

Casino Game Selection

After that, we examine the available games at the Iceland casino online site. Here, we look for a wide selection of games, preferably from top software providers.

Payment Methods

Lastly, we examine the payment methods to see if there are plenty to choose from. At this stage, we also check the processing times, transaction limits, and any potential fees.

Icelandic Casino Bonuses

Icelandic casinos give you a chance to apply for some very rewarding casino bonuses. They all come with different prizes and unique terms and conditions. Check out below to see the description of the most commonly offered bonuses you can claim:

Deposit Bonus: A type of promotion that matches your deposit with a certain percentage and may also reward some free spins
Welcome Bonus: Exclusive bonuses that reward bonus money and free spins, but only to new players on their first-ever deposit
Reload Bonus: A similar offer to the deposit bonuses that you can only claim multiple times but on a specific day of the week
Free Spins: Promotions that reward free rounds on selected video slots
No Deposit Bonus: It is an offer opposite from the deposit bonuses, as it gives out a reward without requesting a minimum deposit
Cashback: It gives back a percentage of the losses you endure over a day, week, or month
Referral Bonus: It offers free cash or free spins after you invite a friend to join the online gambling site

Top Icelandic Online Casinos by Category

The best Icelandic casinos offer a highly enjoyable gaming experience. But, some of them tend to do a much better job in certain areas. Because of that, we at Betpack decided to reveal the top Icelandic casinos by category.

Category	Icelandic Online Casino
Best Live Casino	Kripty
Best New Online Casino	Betovo
Casino With the Best Bonuses	BC.Game
Best Crypto Casino	Bets.io
Best Slots Casino	Dealbet

Popular Payment Methods for Icelandic Online Casinos

At Iceland's online casinos, you'll come across a variety of payment methods when depositing and withdrawing funds. However, some of them are much more popular than others. Here are the most commonly used payment options at the best casino platforms in Iceland:

VISA/MasterCard/Maestro: Popular credit and debit cards that provide instant deposits at very low fees.
PayPal: A widely-used e-wallet that offers super-fast and very secure deposits and withdrawals.
Skrill: A great e-wallet that conducts safe, secure, and extremely fast transactions.
Neteller: Another amazing e-wallet that provides a fast and secure way of sending and receiving money instantly.
Google Pay & Apple Pay: Mobile payment apps that support several cards and allow you to send money instantly.
Paysafecard: A prepaid voucher that offers super-fast deposits without revealing any banking details.
Cryptocurrencies: A payment method that offers fast, secure, and anonymous transactions at very low fees.

Mobile Gambling & Casino Apps in Iceland

Mobile gambling has seen a significant rise in popularity worldwide, and Iceland is no exception. Despite the strict regulations surrounding online gambling in Iceland, many residents access international online casinos via their mobile devices. These platforms often offer dedicated casino apps that provide a seamless and engaging gaming experience.

Due to the lack of local regulation, Icelandic players typically use international casino apps, which are accessible through both iOS and Android devices. These apps allow users to play a wide range of casino games, from slots to table games, directly on their smartphones or tablets.

For those international casinos that do not offer dedicated apps, mobile-optimised websites are available. These websites are designed to provide a smooth and user-friendly experience, making it easy for players to access their favourite games without the need to download additional software.

Online Casino Games in Iceland

The land-based casinos offer a variety of games, but they cannot match the online casino game libraries. Here, you get to choose from hundreds of titles all featured in separate categories. Below, we'll describe some of the most popular types of games that you can enjoy.

Online Slots: Slot games are the simplest games of them all, as they come with easy rules and pretty basic gameplay. You try to get matching symbols on the reels to receive a cash reward. At many online slots, you'll also find bonus features that give out extra prizes.
Table Games: The table games are super exciting, as all of them feature unique gameplay and different sets of rules. Among the most popular table games are roulette games, blackjack variants, baccarat games, craps, poker versions, sic bo, etc.
Live Casino Games: Live casino games are types of games where a real dealer conducts the game through a live stream. They allow you to enjoy the classic games without going to a land-based casino. Among the popular live games are live blackjack games, live roulette variations, live baccarat, and live game shows.
Other Casino Games: Apart from the genres we mention above, at the online casino lobby, you'll also find some other types of games. Some of them are progressive jackpot slots, scratch cards, keno, bingo, lotto, crash games, arcade games, and fishing games.

Popular Online Slots for Icelandic Players

Casino enthusiasts in Iceland are mostly interested in playing online slot machines. But there are some slot titles that attract the most attention. Here are only a few of them:

Big Bass Bonanza (Reel Kingdom)
Legacy of Dead (Play'n GO)
Gates of Olympus (Pragmatic Play)
Starburst (NetEnt)
Wanted Dead or a Wild (Hacksaw Gaming)

Top 10 Live Casinos in Iceland

Live casino platforms are extremely popular in Iceland as they offer a similar gaming experience as brick-and-mortar casinos. However, only a few of them come with all the necessary features that provide an unforgettable gaming experience. With that in mind, here are the top 10 live casinos in Iceland:

Traditional vs New Online Casinos in Iceland

Icelandic players get a chance to join either traditional or new online casino platforms. If you don't know the differences, then you should read the details in the table below.

Traditional Online Casinos Iceland
A big experience in the iGaming industry
Have one or multiple valid gaming licenses
Their game libraries feature a variety of games from top software providers
You can request big withdrawals at traditional casinos
May have outdated websites or less innovative features
Customer support is less personalized due to large player bases
Bonuses may come with stricter bonus terms and conditions

New Online Casinos Iceland
Operators with very little experience
They may hold licenses from less-known regulators
They may not have certain types of games in their casino lobby
New casinos might not allow you to withdraw big sums
Sleek, user-friendly website and mobile design
Smaller player bases can result in more personalized customer support
Enticing welcome bonuses and promotions to attract new players

Most Trusted Online Casino Sites in Iceland by Betpack

We at Betpack conducted countless casino reviews as a way to locate the most trusted traditional and new casinos. For this purpose, we made sure that the operators featured valid gambling licences from top regulators.

Then, we checked if the gaming platforms utilised the latest 128-bit SSL encryption software. The most trusted casinos that we found also offer fair and random games.

Without further ado, here are the safest online gambling sites that you can join from Iceland:

Icelandic Online Casino	Gaming Licence
31Bet	Malta Gaming Authority
Velobet	Curacao eGaming
Betpanda.io	Costa Rica by the Gambling Commission
Betswap	Curacao eGaming
Housebets	Curacao eGaming

Conclusion

Online gambling is illegal in Iceland, but residents are free to join any offshore casino they like. As such, they get to enjoy an unforgettable gaming experience provided by the best casino gaming sites on the market. These operators offer a variety of games and some very rewarding bonuses.

Every top online casino in Iceland also accepts various payment methods that go in favour of all players. The best way to locate such casinos is from the list provided here at Betpack. Just remember to gamble responsibly at all times, regardless of the casino you choose.

Frequently Asked Questions

Is Online Gambling Legal in Iceland?

Online gambling is illegal in Iceland, but there isn't a law that forbids you to play casino titles at offshore gaming sites.

How Old Do I Need to Be to Gamble Online in Iceland?

You must be at least 18 years of age to gamble at online gaming sites from Iceland.

Are Online Casinos Iceland Safe?

Only operators with valid licences are safe for online gambling in Iceland. So, stay away from unlicenced casino platforms.

What Payment Methods Can I Use at the Icelandic Online Casinos?

At the Iceland deposit casinos, you can use payment options such as VISA, MasterCard, Maestro, PayPal, Skrill, Neteller, Google Pay, Apple Pay, Cryptocurrencies, etc.

Can I Use My Mobile Device to Join an Online Casino in Iceland?

Yes, you can join an Iceland casino using your mobile device. Most casino operators feature mobile-friendly platforms, accessible from any Android or iOS smartphone.