Top Iceland Online Casinos

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1 True Flip Casino
4.7
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True Flip Casino

  • Top tier software providers
  • The casino has a live chat facility
  • Mobile-friendly design
  • User-friendly lobby
  • Several country restrictions
Welcome bonus: Up to $1,000 + 150 Free Spins
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2 Betsafe Casino
4.4
User's reviews (1)

Betsafe Casino

Welcome bonus: 100% up to $100 + 100 Free Spins
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3 Wazamba Casino
4.2
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Wazamba Casino

  • Initial package with free spins
  • Many rewards and promotions per week especially weekend
  • A separate section that features diverse tournaments
  • VIP scheme of 5 levels with incentives
  • You cannot play certain slot games and live casino games with bonus amount active in your account
Welcome bonus: 100% up to $500 + 200 Free Spins
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4 SlotsMillion Casino
4.2
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SlotsMillion Casino

  • Complete transparency in terms of ownership, management, banking methods, and bonuses.
  • A massive collection of almost 2000 games
  • No deposit or withdrawal surplus charges
  • Comprehensive and well-detailed bonus programs with rollovers
  • Restricted in multiple countries
Welcome bonus: 25% up to $100
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5 Rizk Casino
4.2
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Rizk Casino

  • Many options for slots games.
  • Publicly traded company.
  • Customer support available in Norwegian, Swedish, Finnish, German and English.
  • Ongoing promotions for existing players are plentiful with no wagering requirements.
  • Small Welcome Bonus
Welcome bonus: 100% up to $200 + 50 Free Spins
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6 Hopa Casino
4.2
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Hopa Casino

  • A massive collection of scratch cards
  • Highly responsive, skilled and dedicated customer support service
  • Possesses legal licensing and regulation rights
  • Various accessible banking methods to choose from
  • Lack of progressive jackpot games
Welcome bonus: 100% up to $200 + 20 Free Spins
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7 BetNow Casino
4.2
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BetNow Casino

  • Excellent customer service
  • Quality user interface
  • Many bonus opportunities
  • A small list of casino gaming options
Welcome bonus: Up to 100%
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8 SuperCat Casino
4.2
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SuperCat Casino

  • High withdrawal limit
  • 24/7 Customer support
  • Extensive collection of live dealer games
  • Not available in US
Welcome bonus: Up to 30 Free Spins
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9 Play Club Casino
4.2
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Play Club Casino

  • Very friendly support
  • Good selection of game providers
  • Excellent VIP program
  • Supports many payment methods
  • Live chat support is not available 24/7
Welcome bonus: Up to $200 + 100 Free Spins
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10 Party Casino
4.2
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Party Casino

Welcome bonus: 100% up to $500 + 20 Free Spins
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The Republic of Iceland is a Nordic island nation located between the North Atlantic and the Arctic Ocean, with 357,000 (2019). Iceland is ranked as the most sparsely populated country in Europe.

Iceland has a high quality of life, with a strong economy and low taxes. The tourism industry here is also very developed. In terms of scenery or culture, Iceland can make visitors admire, but gambling alone isn't found here.

Iceland doesn't have any casinos, sportsbooks, or even poker rooms. Any legitimate gambling institution can operate, but on the condition that they donate profits to charities. As a result, Iceland doesn't have many offline casinos, and no sports are betting here.

Gambling Laws in Iceland

In Iceland, Lottery Law 38/2005 prohibits card games of any kind. However, lottery games, bingo, or other forms of betting are legal as long as it's for charitable purposes. Poker and casino games are illegal in Iceland. Any bettors over 18 years old are legally allowed to participate in gambling.

The agency responsible for offline and online gambling entertainment in Iceland is the Ministry of Justice and Ecclesiastical Affairs. Licenses for online casinos are issued from the same agency.

Some of the essential milestones in the betting rules in Iceland are listed below:

In 1926: The Lottery and Tombola Act is enacted, and the Icelandic government makes all forms of gambling illegal. However, up until 1933, exceptions were made, and the Icelandic government was still considering legitimizing some forms of gambling.
In 1933: Under the Lottery Act and the Tombola Act, lotteries are illegal. However, the University of Iceland launched its lottery because the current laws were loosened. The lottery was allowed to operate, with 80% of the profits being used to maintain the university.

  • In 1972: The law of Iceland legalizes lottery on running pool.
  • In 1977: A sports lottery was born in Iceland.
  • In 1986: The general state lottery was issued.
  • In 1994: Slot machines are legalized in Iceland and allow casinos to be taken offline even though gambling and casinos in Iceland are still illegal.
  • In 2016: The Icelandic criminal code has been updated. Accordingly, individual or professional betting organizations are blamed for the crime.

Gambling Events in Iceland

The gambling history in Iceland is quite long. From the Old and Norwegian-dominated Commonwealth to the independence of Denmark and the Republic of Iceland in the mid-20th century, gambling is a not-so-widespread concept in Iceland.

Iceland is a land of many attractions and historical features. However, this is not a suitable venue for gamblers, as Iceland's gambling entertainment industry has many limitations.

In 2015, Iceland made 28 million euros out of 82 million Euros in revenue from gambling. Slot machines contributed 48.5%, lottery and scratch cards were 23.2%, National Lotto and Viking Lotto came up with 21.2%, while the remaining 7% was football betting and sports betting.

Payment Methods 

Icelandic casinos all have secure data connections. When betting at online casinos, bettors will have to deposit money into their account. Therefore, the money transfer methods in Iceland online casinos need to be reliable and highly secure.

Stay away from casinos that incorporate their payment methods, as it is neither safe nor secure. Reputable casinos will offer third-party payment methods, and the casino will not have access to a player's financial data using this method.

Although, besides the payment options like Visa, Master cards, Icelandic players also have a variety of payment options such as:

  • EcoPayz: Have a fast and secure payment method;
  • PayPal: There is no need to say too much about this e-wallet as it has an extremely high level of reputation and security;
  • Skrill and Neteller: Withdraw and deposit money through either of these e-wallets, and bettors will not need to worry about account privacy;
  • Entropay: This is also one of the popular payment methods at Icelandic casinos because it offers quick withdrawals or deposits.