Online Casinos Iceland

Online Casinos Iceland

This guide was created with Icelandic online casino gamblers’ needs in mind. It talks in detail about the most recommended online casinos that are safe enough for real money bets, offers recommendations on localized best online casinos, provides lists of the best-paying online casino games, and features useful tables with casino and gambling data.

This guide was created on the basis of thorough research and analysis of online casino services and products that are available to gamblers in Iceland, and will be useful for both beginner-level and experienced players who want to play safely and have fun.

Lester B.
Written by
Lester B.
Staci E.
Edited by
Staci E.
Jim A.
Reviewed by
Jim A.

Using 14+ years of experience as an online casino manager to his advantage, Jim chooses only the most reliable and reputable online casinos to review and recommend to players. Knowing exactly what and how online casinos have to offer, Jim can give valuable advice on choosing casinos and seeking real gambling benefits.

(What Changed)

We double-check and update our recommended online casinos monthly to ensure that their relevant licenses, bonuses, games, and Terms of Use are correctly described in our reviews.

Reading Time: 36 min.

This is the list of main criteria we consider when choosing the best online casinos:

  1. Is the casino safe and legit for users from this country?
  2. Is the casino site licensed and what license does it have?
  3. Are there casino bonuses for players in your country?
  4. Does the site accept local currency or popular foreign currency?
  5. Are there local payment options?
  6. How many games does the casino are there?
  7. Does the casino support the local language for platform and Customer Support?

Top Real Money Online Casinos Iceland 2024

Best Choice
Huge Lobby
Welcome Bonus
€120 + 120 Free Spins
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  • the site has Icelandic version of the platform
  • cryptocurrency deposits and withdrawals
  • official mobile application
  • impressive Live Dealer games section
  • sports betting is available
Welcome Bonus
€1600 Welcome Bonus
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  • eCOGRA certificate of reliability
  • several progressive jackpots are offered
  • official mobile application for Android devices
  • old and texted casino site
  • MGA license
Low Deposit Casino
Welcome Bonus
€500 + 200 Free Spins
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  • low deposit casino with minimum deposit of 10 EUR
  • 3,000 games in the library
  • mobile applications for Android and iOS
  • Live Dealer games in the lobby
  • rich choice of bonuses
Best Payout
Welcome Bonus
€300 + 20 Free Spins
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  • 2,000 game titles offered (Slots, Table Games)
  • Live Dealer Games are included
  • players can download mobile apps
  • MGA license
  • Responsible Gambling tools
Low Deposit Casino
Welcome Bonus
€200 + 100 Free Spins
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  • casino allows low deposits starting from 1 EUR
  • 3,000 games for real money play
  • mobile application for Android devices
  • reliable MGA igaming license
  • Responsible Gambling tools can be used
New Casino
Welcome Bonus
€300 + 100 Free Spins
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  • an impressive choice of bonuses and promotions
  • the casino is licensed by the MGA
  • can be played on iOS and Android due to apps
  • players are offered a range of Responsible Gambling tools
  • progressive jackpots are available
Crypto Casino
Best Payout
Welcome Bonus
$500 + 100 Free Spins
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  • huge lobby with over 5,200 games of all types
  • cryptocurrency is allowed for deposits and withdrawals
  • the casino has official mobile apps for iOS and Android
  • full range of Responsible Gambling tools
  • jaw-dropping choice of bonuses
Crypto Casino
Welcome Bonus
$100 + 180 Free Spins
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  • reliable and award-winning online casino
  • cryptocurrencies are accepted for payments
  • 3,500+ games in the lobby
  • Android and iOS mobile applications
  • Live Dealer Games, BTC Games, Jackpots
Welcome Bonus
150% up to €200
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  • there is an Icelandic version of the site
  • the casino is licensed by the MGA
  • players can download mobile apps for iOS and Android
  • eCOGRA certificate proving reliability
  • Responsible gambling tools are present
Huge Lobby
Welcome Bonus
$200 + 100 Free Spins
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  • players can switch to Icelandic version of the platform
  • 1,300 games in the library
  • MGA igaming license
  • mobile apps for iOS and Android are available
  • eCOGRA certificate of reliability
Iceland Online Gambling Laws

All forms of offline gambling except governmental lottery and sports betting are illegal in the country. Gambling activities such as bingo, slot halls, etc., are only allowed for charity purposes. Gamblers must be 18 years old or older to take part in allowed gambling activities or charity activities. Online gambling is legally prohibited, but due to the fact that Iceland is part of the European Economic Area, local gamblers are not persecuted for playing for real money at online casinos run from other countries of the European Union. However, locally licensed online casinos are absent as such. Find out more about gambling laws in Iceland below.

Best Online Casinos in Iceland

To provide up-to-date and trustworthy information about online casinos that are reliable enough and are available for players in Iceland, we have checked over 40 casino sites to pick the best options. We were looking primarily for the best online casino sites that have Icelanding versions, offer a decent list of payment options and accept EUR, and sites that are licensed and preferably have eCOGRA certificates and Responsible gambling tools.

Title Casino
👑 Best Online Casino Iceland Tonybet Casino
🎁 Best Casino Welcome Bonus JackpotCity Casino
🚀 Best New Online Casino in Iceland Wildz Casino
💰 Best to Play Online Slots Casumo Casino
💳 Best for Table Games Caxino Casino

Most best online casinos Iceland we feel we can recommend are safe and reputable, have big lobbies backed by high-quality software providers, and can be downloaded as official mobile applications. Our casino Iceland picks are based on these criteria keeping players’ safety and convenience in mind.

How to Choose the Best Icelandic Online Casino

The journey described is the most important steps that online casino players should take when choosing casino sites for real money bets and payouts.

If you’d like to know everything about gambling in Iceland, please read the full guide and check out the tables and lists below.

If you are only interested in specific aspects please click on the particular steps of the journey.

If you are well-aware of the gambling rules and offers in Iceland, please feel free to choose the best Iceland betting sites and games for your betting.

Besides the steps described here, this guide also discusses such important aspects of real money online casino gambling as Customer Support, mobile applications and mobile compatibility, casino games and providers, and Iceland casino bonuses. Please check these out to have a bigger picture before you start making bets with real money to win.

Reviews On Online Casinos in Iceland

Tonybet Casino

Tonybet Casino
    • Welcome bonus: 100% match up to 120 EUR plus 120 Free Spins
    • Wagering requirements: x50
    • Payment options: Visa, Discover, Mastercard, Skrill, Neteller, ecoPayz, Jeton, Interac, Perfect Money, Bitcoin, Litecoin, Ethereum
    • Minimum deposit: 20 EUR
    • License: Estonian Tax and Customs Board

Tonybet online casino is one of these really rare gambling websites that have an Icelandic version of the platform so you can switch to it for more convenience (Customer Support seems to still be in English though but please double-check that when you actually decide to register). Tonybet accepts both cryptocurrency and fiat currencies and the payment methods list is very decent. The casino’s lobby has multiple game categories, including Live Dealer games, famous Progressive jackpots, sports betting options, and more. All these games can be played on mobile all, too. Moreover, Tonybet casino in Iceland has many different bonuses for all players, new and regular, and allows both casino games and sports bets for wagering through the bonuses.

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JackpotCity Casino

JackpotCity Casino
    • Welcome bonus: 100% match up to 400 EUR
    • Wagering requirements: x70
    • Payment options: Visa, Visa Electron, Mastercard, Interac, iDebit, Trustly, Skrill, Neteller
    • Minimum deposit: 10 EUR
    • License: MGA

JackpotCity online casino Iceland may seem humble but it is actually one of the oldest, well-known, and reliable gambling websites that has been with us since the dawn of internet casino gambling. This site has been tested by literally thousands of players since then and it still stands. Besides, it has an eCOGRA certificate that proves this casino’s reliability and transparency. There is a smaller lobby compared to the majority of other platforms, and backed by few providers but the games are high-quality and providers are also among the pioneers in the industry, definitely worthy of trust. The lobby has Live Dealer games, and the casino can be played on a mobile app.

Play Now

Wildz Casino

Wildz Casino
    • Welcome bonus: 100% match up to 500 EUR plus 200 Free Spins
    • Wagering requirements: x35
    • Payment options: Visa, Mastercard, Skrill, Neteller, Trustly, MuchBetter, ecoPayz, Paysafecard
    • Minimum deposit: 10 EUR
    • License: MGA

One of the main attractions of the Wildz Iceland casino online is of course its 3,000+ games in the lobby, including such popular categories like Live Dealer Games and Progressive jackpots. Wildz is a low deposit casino which is a great advantage for virtually any gambler because smaller initial deposits suggest lower financial risks and allow new customers to explore the site’s offers safely. Wildz casino has a well-developed Loyalty Program for customers who play for real money on a regular basis. Wildz’ games and bonuses are fully available if you download the casino’s official mobile application. This is a casino site licensed by a reliable agency so it is trustworthy enough for real money bets and wins.

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Available Online Casino Games

This list of the best online casino Iceland sites highlights the types of games each site offers in its lobby. If you are into playing a specific category of games this table will help you quickly compare what all casino sites have to offer. Most online casinos for Iceland have a more or less similar choice of games but still not exactly the same so you can pick what you like most.

Top Online Slots Games in Iceland

There are thousands of online casino slot games out there because some software providers have been making online slots since the late 90s and until now. There are hundreds of providers that make slots, and most of them release at least one new online slot game every month, while the biggest studios release up to 10 new online slot games monthly.

So, choosing an online slot game is not easy unless you know what to look for. In this table, we have collected some of the most entertaining and recent online slots that feature the Viking theme which is insanely popular across the globe. To start, pick among some of the best-paying Viking online slot games with the highest RTP rates!

Title Provider RTP Rate Volatility Casino Highlight Link
Vikings NetEnt 96.05% Medium-High Tonybet Casino Best online casino Iceland Play Now
Vikings Unleashed Megaways Blueprint 96.5% High Casumo Casino Best casino to play online slots Play Now
Vikings Go Berzerk Yggdrasil 96.1% Medium Wildz Casino Best new online casino Play Now
Book of Vikings Pragmatic Play 94.5% Medium-High Caxino Casino Play with only 1€ deposit Play Now
Vikings Go Wild Yggdrasil 96.3% Medium KingBilly Casino Fast deposits and withdrawals Play Now
Vikings Fortune: Hold and Win Playson 95.2% Medium-High BitStarz Casino Best cryptocurrency casino Iceland Play Now
Volatile Vikings Relax Gaming 96.44% High Wheelz Good choice of online slots Play Now
Vikings of Fortune Blueprint 96.51% Medium WildTornado Casino Good bonuses and promotions Play Now
Vikings Go to Hell Yggdrasil 96.1% High Rizk Casino Great choice of payment options Play Now
Vikings Go to Valhalla Yggdrasil 96% High 7Bit Casino Accepts Bitcoin deposits Play Now

If you are not into the Viking theme or you’d like to try online slots with other designs and features, always pay attention to the RTP rates and volatility levels to choose games that potentially pay the best. The widget here highlights some of the other popular online slot games that might be of interest to you for some real money bets and wins.

Top Online Roulette Games

Online Roulette is one of the most popular Table Games at online casinos because it is easier to understand and to play than the majority of other games. There are many online Roulette variations and every software provider seeks to add their own twist to their online Roulette titles. However, online Roulette can be played even by beginners who don’t know the rules well because it depends more on luck than on strategy.

Online Roulette games almost don’t vary in designs but the rules can differ slightly. What really differs is the RTP rates so pay attention to these when you choose an online Roulette to play. This table lists some of the best-paying titles for Iceland.

Title Provider RTP Rate Casino Highlight
English Roulette Playn’ GO 97.3% Wildz Casino Best choice to play Table Games
Mini Roulette NetEnt 80% Tonybet Casino Best Icelandic casino overall
European Gold Roulette Games Global 97.3% JackpotCity Casino Most old and reliable casino
European Roulette NetEnt 97% Casumo Casino Very popular casino with Table Games
Multi Wheel Roulette Gold Games Global 99.5% Lucky Nugget Casino Huge games lobby

If you’d like to increase your odds of winning at online Roulettes you can not only choose games with the highest RTP rates but also read the game rules really carefully and learn one or more strategies for online Roulette. The widget here offers several more games of online Roulette that you can try out for real money bets.

Top Online Blackjack Games

Online Blackjack is the top popular casino game among Card Games at any online casino. To provide the table here we have looked through the rules and features of over 25 online Blackjack titles and chose only the potentially highest-paying ones by the best software studios. Online Blackjack games do not vary much but in terms of rules so it is crucial to double-check the rules every time you play a new game, or same type of game but by a different studio. Again, the higher the RTP rate of the game the higher are the possible wins.

Title Provider RTP Rate Casino Highlight
Blackjack 3 Hand Habanero 99.6% Wildz Casino Massive choice of blackjack games
Single Deck Blackjack Professional Series NetEnt 99.59% Tonybet Casino Great casino to play from Iceland
Premium Blackjack Single Hand Playtech 98.58% KingBilly Casino Good for cryptocurrency gambling
Blackjack Classic NetEnt 99.59% Casumo Casino Perfect to play blackjack online
Classic Blackjack Gold Games Global 99.59% JackpotCity Casino Trusted online casino with blackjack
Blackjack 3D Iron Dog 99.54% SlotHunter Casino Good new casino with 50+ blackjack games
Atlantic City Blackjack Gold Games Global 99.65% Lucky Nugget Casino Popular online casino to play blackjack

If you know how to play online Blackjack, choosing a game for real money play at an online casino is not a problem, you just choose the highest RTP rate and the lowest house edge, accordingly. It is always recommended to test the game in Demo mode at first to see if everything runs smoothly. The widget here has some other suggested online Blackjack games for your gambling fun and wins.

Top Online Live Dealer Games

Live Dealer games are definitely a hit and have been for several years since the concept has been introduced to the industry. The majority of Live Games are Table Games such as online Roulette, online Blackjack, Baccarat, Craps, etc. However, there are also game shows like Wheel of Luck, Lotteries, Monopoly, and more.

We have checked several dozen Live Games by different providers (which are really few compared to the studios making automated games) to offer the table below. Technically, the main criteria for any Live Game is its RTP rate but players can also choose the language the Dealer speaks, whether they like the Dealer or not, whether they want to chat with other players at the same table or play against other visitors, etc.

Title Provider RTP Rate Casino Highlight
Instant Roulette Evolution Gaming 97.3% Wildz Casino Best choice of online roulettes
First Person Blackjack Evolution Gaming 99.21% JackpotCity Casino Old and trusted online casino brand
Dream Catcher Evolution Gaming 96.58% Caxino Casino Good minimum deposit casino Iceland
Blackjack Ruby Pragmatic Play 99.59% Casumo Casino Great online roulette lobby
Dragon Tiger Live Pragmatic Play 96.27% KingBilly Casino Fast deposits and withdrawals
Live Baccarat Pragmatic Play 98.77% BitStarz Casino Great to play roulette with BTC
Baccarat No Commission Ezugi 98.76% Tonybet Casino Perfect casino for Icelanders
Casino Hold’em Live Casino Ezugi 97.84% Loki Casino Great new casino to play online roulette
Live Royal Casino Roulette Ezugi N/A Katsubet Casino Good new crypto casino Iceland
Royal Casino Authentic Roulette Live Authentic Gaming 97.3% SlotHunter Casino Huge choice of online roulette games

Live Games are more expensive to make and provide to online casinos, this is why there are fewer studios making them. However, some of the leading studios offer dozens of games for real money betting in Iceland. Unfortunately, Live Games cannot be tried out in the Demo mode so we recommend you play Live Games only if you are experienced in Table Games and know the rules well.

Popular Casino Games Developers

The majority of games available for players in Iceland are by some of the top online casino software providers in the industry. In this table, we have listed providers whose games we recommend in the previous tables of this guide.

Studios like NetEnt, Pragmatic Play, Yggdrasil, Relax Gaming have been in the industry for long years and have gained their reputations as tested, reliable companies making quality content.

Studios like Blueprint, Playson, Play’n GO, Iron Dog, Habanero are licensed and safe but they are more recent and therefore take more innovative approaches which can be really interesting for seasoned gamblers.

Games Global is a separate case because this is an umbrella brand uniting some of the best old and new studios in the niche.

Provider Casino to Play Best Online Slot Best Online Roulette Best Online Blackjack Rating
NetEnt TonyBet Casino Divine Fortune American Roulette Blackjack 9.7/10
Blueprint Casumo Casino Diamond Mine American Roulette N/A 9.7/10
Yggdrasil Rizk Casino Trolls Bridge Golden Chip Roulette Sonya Blackjack 9.7/10
Pragmatic Play KingBilly Casino Buffalo King Power Up Roulette ONE Blackjack 9.6/10
Playson BitStarz Casino Gold Rush Roulette with Track Blackjack 9.5/10
Relax Gaming Wheelz Casino Money Train Roulette Blackjack Neo 9.5/10
Games Global JackpotCity Casino Immortal Romance American Roulette Classic Blackjack 9.5/10
Play’n GO Caxino Casino Helloween English Roulette European Blackjack Multihand 9.4/10
Iron Dog SlotHunter Casino Mystery Woods 3D Roulette 3D Blackjack 9.3/10
Habanero Wildz Casino Mucho Loco Roulette Blackjack 3 Hand 9.3/10

Best Online Casino Bonuses

Online casino bonuses make gambling more entertaining and potentially the wins can be bigger if the bonus is wagered through. This is why we have looked through all available bonuses at Iceland casinos and listed these casinos with their bonus offers indicated.

Important Things About Bonus Terms

Welcome Bonus – bonus offered to new customers that register an account for the first time; usually consists of a cash match bonus and sometimes a portion of Free Spins. Needs a deposit to be activated 

Reload Bonus – this is a generic name for all bonuses offered to customers that play at the casino site on a regular basis and have already wagered through their Welcome bonus at the beginning 

Minimum deposit – the smallest sum that is accepted by the casino and is eligible for real money play or a certain type of bonus offer 

Wagering requirements – the number of times the bonus amount has to be wagered through before any winnings associated with the bets made with the bonus can be withdrawn 

Allowed games – games that contribute towards meeting the wagering requirements for the bonus 

Max bet – all allowed games have a maximum bet limit for playing while the bonus is active 

Max win – the biggest possible win from bets associated with wagering an active bonus 

Active bonus – a bonus attached to the account that has been activated with the corresponding deposit but has not yet been wagered through

Bonuses for Players in Iceland

After we checked promotional offers by casinos in Iceland we made a conclusion that the majority of online casinos allow Icelanders to claim the same bonuses that are available to gamblers in other European countries, and wherever else these casino sites operate. This way, gamblers in Iceland are not limited in their choice of bonuses, be it bonuses for newly registered customers or customers that play on a regular basis.

Besides Welcome and Reload bonuses, Icelanders can also participate in the Loyalty Programs offered by some casino platforms, and enjoy long-term advantages and extra promotions.

The Best Payment Methods for Icelanders

Iceland is part of the European zone, which means locals have access to some of the most popular online payment services, and this also means that the majority of offshore sites targeting Iceland offer these payment methods for locals.

These payment options include Visa and Mastercard, Discover, American Express, Skrill, Neteller, ecoPayz, Jeton, MuchBetter, Paysafecard, and some others.

Interestingly, other e-wallets and mobile payment methods are used widely in Iceland for online payments and cashless payments, like Mint, Fitbit-Pay, Arion Pay, etc. However, due to the fact that online casinos Iceland are unable to get local licenses they are also not interested in adding typically local payment methods. This is why Icelanders have to use widely accepted e-wallets instead of their local methods.

Yet, considering that none of our recommended online casinos in Iceland uses Icelandic Króna, no wonder that gamblers in Iceland are only limited to payment methods that accept EUR.

Some local online casino gamblers prefer to gamble with cryptocurrencies. According to the Icelandic government, currency trading and exchange with the usage of cryptocurrency is prohibited, however, online payments to merchants are technically not.

Also, Iceland in fact hosts some of the biggest BTC mining facilities. This is why using cryptocurrencies is popular in Iceland, including using them for transactions to and from real money online casinos. Such transactions are in fact faster, and also safer, because they are transparent, anonymous, trackable, and irreversible.

So, if you’d like to have your casino payments in order, perhaps choosing a cryptocurrency-accepting casino site is a good option.

Type of System Payment Options Transaction fee Deposit Time Withdrawal Time Deposit Limits Withdrawal Limits
Plastic card Visa 0.5%, min 2.00 EUR instant to 24 hours 3-5 business days 1 EUR 10,000 EUR
Plastic card Mastercard 0.2% – 1% instant to 24 hours 3-5 business days 1 EUR 50,000 EUR
Plastic card Discover 0% instant to 24 hours 3-7 business days 1 EUR 1,000 EUR
Plastic card American Express 2.99% instant to 24 hours 3-7 business days 1 EUR no pre-set limit
e-Wallet Skrill 2.99% instant to 24 hours 1-3 business days 10 EUR 12,000 EUR
e-Wallet Neteller 0% – 2.99% instant to 24 hours 1-3 business days 10 EUR 10,000 EUR
e-Wallet ecoPayz 0% – 1.69-6.00% + 0.25 EUR instant to 24 hours 1-3 business days 10 EUR 200 – 1,000 EUR
e-Wallet Jeton 0% instant to 24 hours 1-3 business days 1 EUR 250 EUR
e-Wallet Paysafecard 0% instant to 24 hours 1-3 business days 10 EUR 300 EUR
Mobile payment Apple Pay 1.5% instant to 24 hours 1-3 business days 10 EUR 10,000 EUR

This table lists some of the most widely offered and used online casino payment methods, their deposit and withdrawal waiting times, and transaction limits per one transaction or per day (that may depend on several other factors like type of the card, etc.).

Gamblers in Iceland, like basically anywhere else, are recommended to check their available payment methods carefully before they gamble and even before they register an account with a new casino site. Security, availability, and limitations are to be double-checked before any money is deposited.

Customer Services

It is natural for online casino gamblers in different countries to find it easier to play at online casinos that support their local languages, and Iceland is not an exception. It is a huge benefit to find an online casino that has an Icelandic version of the platform and preferably Customer Support in Icelandic.

However, our research of Icelandic online casinos showed us that very few casino sites have Icelandic versions, and even fewer have Customer Support chats in Icelandic. Most casinos offer support in English, or at least the contact form is in English in the first place.

This is why we paid attention to whether Icelandic online casinos for real money have fair and transparent Terms & Conditions documents, and whether there are comprehensive guidelines and blogs. Also, safety measures and protocols were taken into consideration.

This table here highlights our findings and will help players from Iceland to make informed choices about casino sites.

Casino Website Language Support Language Local Currency FAQs & Guides T&C & PP Live Chat
Tonybet Casino Icelandic, German, English English EUR Yes Yes Yes
Jackpotcity Casino German, English English EUR Yes Yes Yes
Wildz Casino English English EUR Yes Yes Yes
Casumo Casino German, English English EUR Yes Yes Yes
Caxino Casino German, Endlish English EUR Yes Yes Yes
Wheelz Casino English English EUR Yes Yes Yes
King Billy Casino English English EUR Yes Yes Yes
BitStarz Casino English English EUR Yes Yes Yes
LuckyNugget Casino Icelandic, English, German English EUR Yes Yes No
Rizk Casino Icelandic, English English EUR Yes Yes Yes

Mobile Online Casinos

Casino Title Supported OS Mobile App Mobile Version Rating
TonyBet Casino Android, iOS yes 9.8/10
Wildz Casino Android, iOS yes 9.7/10
Casumo Casino Android, iOS yes 9.6/10
Caxino Casino Android yes 9.5/10
Wheelz Casino Android, iOS yes 9.5/10

The use of mobile casino apps VS desktop mobile casino platform constantly grows globally, and Iceland shows the same trends. Over 50% of users prefer playing online casino games on their mobile devices instead of being chained to a desktop or even a laptop.

This is why we pay special attention to whether online casinos have mobile applications that can be downloaded safely from AppStore or GooglePlay. The majority of online casino sites are already mobile-compatible and their platforms can be opened in browser on any device. And yet, mobile apps are usually more handy because they are faster and sleeker.

If you prefer mobile online casino gambling to desktop gambling, this table lists the most mobile-optimized casino sites for Icelanders.

Online Casino Laws in Iceland

In Iceland, most of the gambling activities have been technically illegal since the beginning of the previous century and still are.

At the time of writing, the types of gambling legally allowed in Iceland are lottery by the Íslandsspil (Íslensk Getspá), and sports betting by the Icelandic Sport Web – two agencies backed by the government.

Other allowed activities include bingo and slots that can be operated at offline facilities, but only for non-profit purposes ( for charities).

Land based casinos are absent in Iceland, and any classic table games, card games, and poker are completely prohibited.

Also, there are no licensing agencies, or an established licensing process in the country; every entity that runs any type of gambling entertainment is done on a case-by-case basis. The Icelandic Financial Services Authority (FSA) has so far been in charge of the industry’s operations.

Online casino gambling is technically considered illegal, online casinos run from abroad cannot get local licenses to start offering their services to Icelanders legally.

However, due to laws of the EEA (European Economic Area) the government does not prosecute local gamblers for playing online on foreign online gambling sites. Local players are free to choose licensed and reliable European casino sites and play for real money there.

Online Gambling Taxes in Iceland

Due to the fact that Icelanders can only play for real money at online casinos that are run from other countries and the Icelandic government or local agencies do not control the process, gamblers are not expected to pay any taxes on whatever they win. However, if the player wins a huge jackpot, or withdraws higher than average winnings on a regular basis, they may be asked to pay taxes as if the winnings were their income.


All online casinos recommended in this guide are safe enough for real money gambling in Iceland. The general rule of thumb is that if the casino site is licensed by a reliable authority and has other safety measures taken it is okay for real money play. However, in the case with Iceland, no online casino can be considered fully legal because Iceland simply does not release licenses for online casinos, even those operating from other European countries. You can read more about the gambling laws of Iceland above. Therefore, online casinos can be licensed and safe for Icelanders but not really legal.

Neither of the casino sites that we researched and recommended in this guide accepts Icelandic Krona for payments. While this is clearly a disadvantage for the local players, the reason for this is very simple. Since Iceland doesn’t allow legal licenses for online casino sites run from other countries even though these casinos do want to operate legally in Iceland, it makes no sense for them to add local currency to their currency lists. Iceland is a very small country, and if online casinos had to get local licenses they would have been bound to add local currency for payments. And since they aren’t issued licenses they simply offer deposits and withdrawals in EUR and other widespread currencies.

The majority of Icelandic online casinos accept a wide array of e-wallets that local gamblers can use, including Skrill, Neteller, Paysafecard, ecoPayz, and others. Among our recommended casino sites, Tonybet and Wildz casinos have the biggest choice of payment methods via e-wallets.

The fastest withdrawals are possible if the player deposits and withdraws using cryptocurrency. Cryptocurrencies are accepted by the following casinos: Tonybet, King Billy, and BitStarz.

There are many online casinos in our list that have many games in their lobbies and the games are divided into several popular categories. Casino sites with the biggest lobbies are Wildz, Casumo, Caxino, King Billy, and BitStarz. These sites offer classic categories like online Slots and Table Games, as well as Live Dealer Games, Progressive jackpots, and other game types.

Final Takeaway

Iceland is an interesting location in terms of online casino gambling possibilities and limitations, because while online gambling is legally prohibited and no local online casinos are allowed to operate to get any local license, online casinos run from other European countries are fully available to local gamblers.

At the same time, due to the absence of possibility to get local licenses, online casinos available to Icelanders have many other limitations, like lack of Icelandic versions or Customer Support, no local currency and no local payment methods.

Our research has found only three online casinos that have Icelandic versions of their platforms – Tonybet, Lucky Nugget, Rizk Casino.

Many different games to play for real money is another important factor that attracts gamblers. Online casinos that offer the biggest lobbies with a wide variety of games are Wildz, Casumo, Caxino, King Billy, and BitStarz.

Because Icelanders are quite limited in their choice of online payment methods for depositing and withdrawing money, many prefer making payments with cryptocurrencies. Online casinos from our recommended list that accept crypto are Tonybet, King Billy, and BitStarz.

Iceland does not issue any licenses for online casinos operating from abroad, and therefore the players have to take responsibility for their safe gambling themselves, and look for casino sites that are reliable and licensed by reputable agencies like the MGA. In our list, MGA licenses are granted to Jackpot City, Wildz, Casumo, Caxino, Wheelz, Lucky Nugget, and Rizk.

Lester B.
About the author:
Lester B.

As an online casino gambler with 10+ years of experience who visits at least 2-3 countries per year, Lester has developed the skill of quickly defining whether an online casino is good enough for real money gambling and whether all the local nuances are considered. Lester looks for at least 10 high-quality local gambling services that provide both fun and payouts. Due to his traveling activities, Lester is well-aware of the online and offline gambling nuances in many jurisdictions and keeps an eye on the industry changes. His devotion to fair and entertaining play and offers that match local realities make his online casino reviews informative and useful.