Best Online Casinos in Iceland

The Iceland Financial Services Authority (FSA) regulates gambling in Iceland, imposing generally restrictive and conservative laws.

Is online gambling legal in Iceland?

In Iceland, gambling is heavily regulated and primarily illegal. Some exceptions exist, such as lottery games and slot machines, which charitable organisations run for fundraising purposes. Other forms of gambling, including online, are generally prohibited.

However, it's notable that due to laws within the European Economic Area (EEA), Icelandic players are not prosecuted for participating in online gambling on foreign sites. This legal loophole exists because the EEA encourages the free movement of services between its member countries. Despite Iceland's domestic restrictions on online gambling, this EEA provision allows Icelandic citizens to engage in such activities on international platforms without facing legal repercussions.

Gambling taxation

Lucky players at Iceland casino sites do not have to pay a cent in tax on any winnings - mainly because it's prohibited. However, even lucky lotto winners can avoid the cold hands of the tax collector.

The era of online gambling entertainment continues to shift at pace. The evolution of slots has been driven by cutting-edge technology, leading to unprecedented levels of gameplay sophistication. With the integration of advanced mechanics and more complex dynamics, these games have transcended the traditional slot experience, introducing a heightened sense of thrill and anticipation. Here are the most popular titles among Iceland players.

Top 5 popular slots among Iceland players

Slot Name	Provider	Volatility	RTP	Features	Recommended Casino
The Dog House Megaways	Pragmatic Play	High	96.55%	Free Spins feature, Wild multipliers, Raining wild multipliers, Sticky wild multipliers, Bonus Buy
Fire Joker	Play’n Go	Medium	96.15%	Respins, Wild Respins
Feasting Fox	Quickspin	High	96.29%	Nudge Feature, FOOOXX!!, Chicken Dinner Free Spins, Buy Feature
Money Train 3	Relax Gaming	High	96.1%	Respins, Collector, Collector-Payer, Sniper, Expanding Reels, Wilds, Bonus Game, Bonus Buy
Starburst	NetEnt	Low	96.09%	Expanding wild reels, respins, win both ways

Leading gaming providers

Pragmatic Play, Play’n GO, Quickspin, Relax Gaming, and Netent are the most prominent online casino game providers.

• Pragmatic Play is a leading provider of online casino games with a diverse portfolio of over 200 HTML5 games. They are known for their innovative features and high-quality graphics. Their games include a range of video slots, table games, and live casino games.
• Play’n GO is a popular game developer with a reputation for creating high-quality online slots and table games. They offer a wide range of games, including some of the most popular titles in the industry, such as Book of Dead and Reactoonz.
• Quickspin is a Swedish game studio that focuses on creating high-quality online slots. They are known for their innovative gameplay mechanics and high-quality graphics. Their games include a range of video slots, each with its unique themes and bonus features.
• Relax Gaming is a rapidly growing provider of online casino games and platforms. They offer a wide range of games, including video slots, table games, and poker. They are known for their innovative gameplay mechanics and high-quality graphics.
• Netent is a leading provider of online casino games with a reputation for creating some of the industry's most innovative games. They offer a wide range of games, including video slots, table games, and live casino games. Some of their popular titles include Starburst, Gonzo's Quest, and Mega Fortune.

While online slots remain the most popular pastime for casual gamblers at Iceland casinos online, there is still a huge space for live casino players.

Here are examples of table classics dominating live casino floors on hundreds of betting sites in Iceland.

🎱 Roulette

Roulette is a classic casino game where players wager on the outcome of a spinning wheel. Players can bet on specific numbers, odd or even, red or black, or ranges of numbers. The dealer spins the wheel and drops the roulette ball. Where it lands determines the winning bets.

🃏 Blackjack

Blackjack, or 21, is a card game where the player competes against the dealer. The aim is to have cards totalling closer to 21 than the dealer, without exceeding 21. Players are dealt two cards to start and can decide to 'hit' (get another card), 'stand' (take no more cards), or 'double' (double their bet and get one more card).

🖥️ Videopoker

Videopoker combines elements of poker and slots. Players are dealt five cards and can decide which to hold and which to discard to make the best five-card hand possible. The computer then deals with replacement cards. Winnings are determined by the final hand's rank and the initial bet.

♣️ Baccarat

Baccarat is a card game where players bet on which of two hands, the 'player' or the 'banker', will have a total closest to nine. It's a game of chance with no skill or decision-making involved, making it a popular choice for gamblers who enjoy the thrill of uncertainty.

Live dealer casino games are a hybrid of online and traditional casino games where players can interact with real dealers from their homes. These games, powered by real-time video streaming, allow gamblers to place their bets online and physically watch the dealer manipulate the cards or roulette wheel.

As for its availability in Iceland, it's important to note that while there are no specific laws in Iceland regulating online gambling, there are no restrictions for Icelandic players to gamble on foreign sites. Therefore, they can sign up and play if the live dealer casino accepts Icelandic players. It's always recommended to check the laws and regulations regarding online gambling in your specific region before participating.

TOP 10 Iceland Live Casinos

• Casumo – Enjoyable user interface and gamification
• King Billy – Generous welcome offer with bonus funds and free spins
• Nine – Excellent selection of payment methods
• Fairspin – A generous rakeback scheme rewarding loyalty with tokens, which can be used in the gift store
• Lilibet – Excellent live casino brimming with classics and modern hits
• N1 – Quick and reliable customer support
• 20bet – Enjoyable user interface and multiple platforms available
• Casiplay – Thousands of slots from some of the world's best iGaming developers
• Mr Green – Generous promotional material
• Betsson – Reliable, trustworthy casino and sportsbook with years of experience in the field

While the user experience, design, site interface, and customer support are critical factors in an Iceland casino online makeup, the x-factor selling point is the promotional material. That includes a welcome bonus, daily offers, and weekly loyalty schemes.

Here are the types of bonuses players can enjoy when signing up for an online casino in Iceland:

💰 Welcome Bonus

A welcoming gesture for new members, offering a certain percentage on top of the initial deposit.

Pro: Amazing value for money on a player's first deposit.

Con: Tough wagering conditions to convert bonus funds into real money.

💰 No Deposit Bonus

A bonus is granted without any required deposit, allowing players to test the platform risk-free.

Pro: A free bonus without a requirement to deposit.

Con: The amount eligible for real-money exchange is usually limited.

💰 Reload Bonus

A bonus is applied to subsequent deposits after the initial one, encouraging continued play.

Pro: Good way of increasing play money.

Con: Like a welcome bonus, it comes with harsh wagering terms and conditions.

💰 Cashback Bonus

A refund in bonus money or real cash that players get back in their account after a loss.

Pro: It means players can expect a return, even when losing.

Con: Only available if the player loses, which is ultimately bad.

💰 VIP Bonus

Exclusive rewards for loyal patrons often include higher bonuses, priority service, and access to VIP-only events.

Pro: Rewards loyal players appropriately.

Con: A player must concentrate vast amounts of playing funds on one casino.

💰 Free Spins

Bonus spins that players can use on slot games, typically given as part of welcome offers or promotions. The free spins awarded usually range between 100 and 500 and are only eligible for specific slots.

Pro: Good way of exploring new slots that players wouldn't ordinarily play.

Con: Value of each free spin is usually tiny.

Possible bonus terms

Online casino and sportsbook bonuses come with specific requirements and restrictions. For instance, bonus wagering stipulates that you must wager the bonus amount a certain number of times before it can be withdrawn. There may also be restrictions on the type of bets you can place, the slots you can play, and the timeframe during which the bonus must be used.

Additionally, you may only be able to withdraw your winnings once the bonus has been fully wagered, which can be a deterrent for some players. Each bonus at a casino online in Iceland offer should, therefore, be scrutinised carefully before acceptance.

Several online casinos have recently emerged and are worthy of mention due to their innovative gaming options, user-friendly interfaces, and robust security measures.

This surge is part of a broader trend across Europe, where the iGaming industry is bustling and growing remarkably. These new entrants in Iceland are poised to contribute significantly to this vibrant and dynamic sector.

There are three in particular that catch the eye. Nine Casino is a trustworthy and reliable new online casino with a great selection of slots. Fairspin provides an excellent loyalty programme and a unique rakeback scheme for every bet placed by a customer. Lillibet has thriving promotional material, too, with a Wheel of Fortune prize giveaway and a 10% cashback weekly offer.

Best New Online Casinos in Iceland

• Nine – 100% up to €450 plus up to 250 free spins
• Fairspin – 450% bonus across first four deposits
• Lilibet – Non-sticky deposit bonus up to €500!
• N1 – 100% Welcome Bonus up to €4,000 plus 25 Free Spins with no deposit required.
• 20bet – 100% Welcome Bonus up to €100
• Casiplay – 100% bonus up to €800
• Omni Slots – 100% bonus up to €500 and 70 Free Spins.
• Playojo – 50 free spins - no wagering required.
• Mr Green – 100% bonus up to €100
• Vulkan Vegas – Up to €1,500 plus 150 Free Spins