Complete Guide to the The Best Online Casinos in Iceland in 2024

This in-depth guide to online casinos in Iceland covers all the essential aspects of Iceland’s gaming landscape. Starting with an overview of Iceland’s online gambling laws, it explains key insights on platform options, bonuses, popular games, and secure payment methods. Read on to discover the top trusted Icelandic casino operators available today.

Safe Casinos Accepting Icelandic Players

Games with Nordic Themes and Popular Slots

Payment Options Compatible with ISK

Author

Barb

Editor

Emre

Last Updated

20/11/24

Read Time

9 mins

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With our deep understanding of the sector from direct access to the latest insights, we are able to provide accurate, relevant, and unbiased content that our readers can rely on. Our editorial team follows a strict policy and guidelines and are dedicated to ensuring every article is backed by thorough research and prepared with integrity, helping you make informed decisions with confidence as a result.

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Table of contents

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Iceland’s Online Gambling Industry at a Glance

The online gambling industry in Iceland is shaped by a mix of legal restrictions, a strong local interest in gaming, and an increasing shift towards digital platforms. The government regulates most forms of gambling, including betting, lotteries, and gaming. However, the country has very few domestic gambling operators due to these legal restrictions.

The country’s current legislation bans online gambling. Icelandic players, however, still participate in online gambling at international casinos since this is not explicitly prohibited. A recent report reveals that Icelandic gamblers spend ISK 20 billion (€134 million) on offshore gambling websites each year. With that said, joining these platforms requires careful consideration, as they may not be subject to the same consumer protections or regulations as those within Iceland.

Here’s a quick look at the history of online gambling in Iceland:

1926 – Lottery Act: The Lottery Act was introduced, legalising state-run lotteries in Iceland.
1933 – Amendment of the Lottery Act: The act was amended to further regulate lottery operations.
1994 – Land-Based Casino Slot Machines Approval: Iceland’s government approved the introduction of slot machines in land-based casinos.
1998 – Online Gambling Restrictions: The Icelandic government began implementing stricter regulations regarding online gambling, including a ban on domestic online gambling operators.

How We Handpick the Best Icelandic Online Casinos

Our team of experts at Revpanda carefully searches for, evaluates, and ranks online casinos in Iceland through a rigorous review process, following strict guidelines to ensure we recommend only the most trustworthy gaming platforms. Here are the factors we consider.

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Review Legal Compliance

We start by ensuring that all online casinos comply with international gaming regulations. This includes checking for licences from reputable authorities and ensuring that the casino operates within legal boundaries.

A cute panda pushing a wheelbarrow filled with gold coins. The flag of Iceland is visible in the background, along with a credit card.

Check for Iceland-Friendly Payment Methods

We carefully assess each casino’s payment methods, focusing on those that provide convenient options for Icelandic players. This includes local payment options, such as Icelandic bank transfers, credit cards, and widely accepted e-wallets.

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Evaluate Customer Support in Icelandic

We evaluate the quality of customer support available to Icelandic players and ensure that support teams are available and can assist in both Icelandic and English. Fast response times and helpful service are key to a positive experience for Icelandic players.

A cute panda winking and giving a thumbs up, holding a clipboard. The flag of Iceland is visible in the background with a gold medal and checkmark.

Verify Reputation in Iceland

We look into player feedback and reviews from the Icelandic community to assess the reputation of each casino. Our experts focus on platforms that have built a trustworthy reputation among Icelandic players.

Advantages and Disadvantages of Gambling at Icelandic Online Casinos

The best Iceland casinos listed here on Revpanda come with a good number of advantages. However, we must note that they also feature a few drawbacks that are important to know. To get you familiar with these details, we’ve decided to reveal their pros and cons.

Pros

Local currency (ISK) support

Access to global games

Mobile-optimised online casinos

Generous bonuses and promotions

Cons

Lack of clear regulation

Withdrawal times can vary, especially for international casinos

Lack of Icelandic-language support

Various Types of Icelandic Casinos

When you explore our top-rated online casino sites, you’ll notice that they differ in certain key features. This allows us to distinguish them into several main categories.

No-KYC Casinos

At these Iceland gaming sites, you can gamble without completing a verification process. This means that no-KYC casinos give you an opportunity to play games anonymously.

Crypto Casinos

If you want to transfer funds anonymously and instantly, then you might want to join a crypto casino. These are fairly new platforms where you get to gamble using a variety of cryptocurrencies.

Fast Payout Casinos

If you want quick withdrawals, choose a fast payout casino. These platforms oprocess withdrawals instantly. For more details, explore our guide to fast payout casinos.

European Casinos

Many Icelandic players prefer to join European casinos compared to other offshore platforms due to more familiar payment methods. These are operators licensed by one of the well-known EU regulators.

Live Casinos

These are online gambling sites that specialise in live dealer games, which are very popular nowadays. At live casinos, you’ll get nearly the same gambling experience as land-based establishments.

Low Deposit Casinos

If you’re a low-roller then these online gambling platforms deserve your attention. At a low deposit casino, you get to fund your account with the smallest money deposits on the market.

The Most Used Icelandic Casino Payment Methods

Sending and receiving funds at Icelandic online casinos is possible through a variety of banking options. However, there are some payment methods that players prefer to use over the others. Below we’ll reveal and briefly describe just a couple of them.

Bank Transfers

Many Icelandic players prefer using local banks such as Íslandsbanki, Arion Bank, and Landsbankinn for their online casino transactions. These banks allow for easy, direct deposits and withdrawals.

Credit and Debit Cards

Many online casinos accept Visa and Mastercard deposits and withdrawals. They are super easy to use and come with very low transaction fees.

E-wallets

Skrill, PayPal, and Neteller are commonly used by Icelandic players for fast transactions. They offer convenience and privacy when depositing, but they are usually not eligible for bonuses.

Cryptocurrencies

Cryptocurrencies like Bitcoin are becoming increasingly popular in Iceland. They offer fast and anonymous transactions with lower fees and no reliance on traditional banking systems.

How to Locate a Legitimate Iceland Online Casino

Since online gambling in Iceland primarily involves offshore casinos, you must exercise caution when choosing where to gamble. While these casinos often offer attractive bonuses and a wide variety of games, they are not regulated by Icelandic authorities. This lack of local oversight can expose you to risks such as poor customer service or untrustworthy practices. Here’s how to avoid this.

Time Needed:

5-10 Minutes

Device Required:

PC, Smartphone, Tablet

A cool panda wearing a purple hoodie, holding a skateboard and a certificate in a circle. The Icelandic flag is repeated in the background.

STEP 1

Check for Proper Licensing

Ensure the casino is licensed by a reputable gambling authority. Having a licence means that the casino operates legally and follows industry standards for fairness and security.

A cute panda holding a bamboo stick and a magnifying glass with a checkmark. A shield with a lock icon is in the background.

STEP 2

Verify SSL Encryption and Data Protection

Confirm that the casino uses 128-bit SSL encryption to protect your personal and financial information from cyber threats. A trustworthy casino will prioritise your security.

A cute panda fishing for a gold coin. There is a bank building, a money bag, credit cards, and a "Terms and Conditions" stamp in the background.

STEP 3

Check for Fair Bonus Terms

Look for casinos with transparent and reasonable bonus terms, especially around wagering requirements, maximum win caps, and bonus validity. Clear terms indicate an operator’s commitment to fairness.

A cool panda wearing sunglasses and a Viking helmet, popping out of a laptop screen and shouting through a megaphone. There are speech bubbles with thumbs-up icons and five stars in the background.

STEP 4

Read Revpanda Reviews and Check Reputation

Research the casino’s reputation by reading our objective casino reviews and checking independent rating sites. Look for feedback on customer service, payout speed, and game fairness to ensure a positive and reliable experience.

Common Casino Bonus Types for Icelandic Players

Almost every online casino Iceland offers generous bonuses and promotions. Operators tend to use different bonus formats to please all customers. Here are the the most common types you’ll encounter.

Welcome Bonus

A widely-offered online casino promotion that’s only eligible for newly registered players. Most welcome bonuses reward extra funds plus free spins on your first deposit. However, you might also find sign-up packages that consist of several deposit offers.

Reload Bonus

Reload offers are very similar to deposit bonuses as they also require topping up your casino account. But, you can apply for such a promo numerous times and they are available on a certain day of the week. The reward you receive can either be a match bonus or free spins.

Match Deposit Bonus

Another well-known promo that gives out a match bonus after you make a certain minimum deposit. You can find deposit bonuses that include free spins, or only reward extra slot rounds. Regardless of the format, these offers almost always come with wagering requirements.

No Deposit Bonus

A no deposit bonus is a much-desired promotion that gives out prizes without asking for any money beforehand. But, you may need to provide promo codes when applying. Once you do that, the Iceland casino will get bonus money or free spins, which usually feature rollover requirements.

High-Roller Bonuses

High-roller bonuses are designed for players who make large deposits and bet significant amounts. They offer higher value rewards, such as bigger match percentages or exclusive promotions, to encourage and reward big spenders.

Cashback Bonuses

Cashback bonuses return a portion of the losses you suffered during a day, week, or month. At many casinos in Iceland, you can find them as part of VIP or loyalty programs.

Tips for Picking the Best Icelandic Casino Bonus Offers

If you’re just starting out with online casinos in Iceland, then you might need some help with picking the right bonuses. At first, all of them look captivating and generous, but the reality can be entirely different.

Check Wagering Requirements

Make sure to look for bonuses that have low rollover requirements. They provide the best chances of making a profit with extra funds.

Check the Expiry Date

If the featured promotion has a short validation period, then you might struggle to meet the requirements. Failing to fulfil them will result in losing the bonus funds and winnings.

Inspect Bonus Win Cap

Make sure to inspect the bonus win cap, as it limits the maximum amount you can withdraw from bonus winnings.

Evaluate Eligible Games

The titles that you can play with the bonus funds can indicate if you can generate a profit. Make sure to check the house edge, odds, and potential winnings.

Iceland's Most Played Online Casino Games

The libraries featured at top online casinos in Iceland always include a variety of games. This allows them to please every kind of player who decides to join the gambling platform. Below we’ll mention and briefly analyze just the most popular genres in this country.

Online Slots: We start with online slot machines, as they are the most played games. It helps that they feature simple rules and gameplay. In modern titles, you’ll find Nordic themes as well.

Live Dealer Games: Live casino games are gambling products where real dealers run the show through a live stream. These titles offer a similar experience as the one you get at land-based casinos.

Progressive Jackpot Slots: These are highly generous and super popular slot machine games that can reward any player at any time. They have one or a few progressive jackpots that increase with every bet you place.

Roulette: Roulette games are classic casino titles that come with a spinning wheel, numerous bets, and different variants. Your task is guessing the winning number or an outcome related to it.

Poker: Poker variants are traditional casino games where you gamble against other players. Each version comes with certain unique rules, but every single one of them requires skills and knowledge.

Blackjack: Next, we have blackjack games, which are widely played card games where you play against the dealer’s hand. Here, you must get a better total value with a score as close to 21 as possible.

Top Software Providers in Iceland's Online Casinos

In Iceland, popular online casinos often feature games from industry-leading providers known for their reliability and innovation.

Provider	Popular Games
Pragmatic Play	Sweet Bonanza, The Dog House, Gates of Olympus
Evolution	Lightning Roulette, Blackjack Party, Live Casino Hold'em
Push Gaming	Fat Rabbit, Jammin Jars, Goat Getter
NetEnt	Starburst, Dead or Alive 2, Gonzo’s Quest

Customer Service at Icelandic Online Casino Sites

Reputable Iceland online gambling sites have highly knowledgeable and professional customer service teams. They tend to feature friendly individuals capable of helping out players with any issue. You can even reach them through several contact options shown below.

Support Channels	Response Time	Ideal For
Live Chat	Just a few minutes	Sorting out less complex problems
Email	From 24 hours to a couple of days	Issues that require more elaborate explanation
Phone	Within a few minutes	Dealing with complex problems
Social Media Platforms	Instant	Giving feedback to the operator

Final Words on Playing at the Best Online Casinos in Iceland

Iceland currently lacks legal, licensed domestic gambling platforms. However, residents are free to enjoy online casino games on reputable offshore websites. Fortunately, this means Icelandic players have access to a wide selection of top operators, which we’ve carefully reviewed here on Revpanda. Remember to be aware of local laws and stay informed about responsible gambling.

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Online Casinos in Iceland FAQs

The safest Icelandic online casinos are the ones that operate with valid licences. Since the government doesn’t issue such permits, look for operators licensed by other top regulators. Also, make sure that they utilise SSL encryption.

Yes, the majority of online casinos allow you to play slot games and other genres for free. But, keep in mind that live casino games don’t come with demo versions as they occur in real-time.

Almost every Icelandic online casino has a welcome bonus in its list of promotions. Such offers are only available to new players that they can claim using their very first deposits.

You can try out numerous types of games at these casinos. Among the many are online slots, blackjack, roulette, poker, baccarat, live dealer titles, progressive jackpot slots, sic bo, keno, bingo, lotto, crash, and other casino games.

When depositing and withdrawing funds at a reputable internet casino, you’ll find a big list of payment options. Some of the popular ones are Visa, Mastercard, Skrill, PayPal, Neteller, cryptocurrencies, bank transfers, etc.