Simon’s Guide to Gambling in Iceland

 

This is a photograph (stock photo, used with permission) of Reykjavik the capital, and biggest city of Iceland during winter. On this page, under the picture you can read about the gambling and online gambling laws in Iceland.

Guide to Gambling in Iceland

 

 

Iceland, also known as the Republic of Iceland is a Nordic island country located between the North Atlantic and the Arctic Ocean. It has a land area of 103,000 kmwith a population of 329,000 residents making it the most sparsely populated country in Europe. Iceland’s capital and largest city is Reykjavik with approximately 122,000 residents.

Gambling is considered illegal in Iceland with the exception of non-profit, for charity gambling. Even if it’s for charity, only the following gambling activities (online or offline) are permitted in Iceland:

  • lottery and lottery type games (monopoly of Íslandsspil),
  • bingo,
  • sports betting,
  • slots.

According to Articles 183 and 184 of the Criminal Code, in effect since 1998, “it is a punishable offense to engage in gambling and betting on a professional basis, to encourage others to participate in these activities and to derive direct or indirect income from having the activities take place on one’s premises.”

Casino table games and poker are completely banned. Therefore, there aren’t any brick-and-mortar casinos operating in the country at the moment.* However, there are slot machines, it is possible to operate these if the profits go to charity or other philanthropic causes**.

Online gambling is considered illegal as well, but players are not prosecuted for playing in unlicensed offshore online casinos (due to a 2016 EU Court of Justice ruling, which prohibited any EU country from persecuting players for placing bets on unlicensed gambling websites if they haven’t provided a way for them to acquire a local license).

Since 1994 only The University of Iceland and Íslandsspil (and their subsidiaries) are allowed to organize any form of gambling within the country even for charity, non-profit causes. The lottery is entirely the monopoly of Íslandsspil.

UPDATE 2020: Currently there are talks again about legalising casinos in Iceland but so far nothing happened and it is unlikely that anything will happen in the foreseeable future. The monopolies are also still in effect. However, the current government is more lenient on gambling than before, check the bingo section below for details.

The online casinos below accept players from Iceland, and because there are no local online casinos if you want to play online that’s you only option right now.

Sources:

*Problem Gambling in Europe: Challenges, Prevention, and Interventions

** Agricultural University of Iceland – Gambling, Online Gambling and Poker Participation
among Icelandic University Students

 

 

Online casinos accepting players from Iceland

The following online gambling websites accept players from Iceland:

 

Black Lotus Casino

This is Black Lotus Casino's 2020 animated GIF banner advertising their new slot and their free spins and casino match bonuses. You can read about these promotional offers below the animated banner. By clicking on the banner you will be taken to the casino's website where you can register and play.

Black Lotus Casino bonus offers

USA and Canada players are accepted.
  • Get 300% match bonus, up to $3,250. Use the code: VENTURE300
  • $100 bonus. Use code: VENTURE100

Bonuses for existing players:
  • Deposit and get 37 Free Spins on Millionaire’s Life. Code: 37MILLION
  • Deposit $45 and get 299% up to $1,000. Code: 299MILLION & then get 47 Free Spins on Millionaire’s Life. Code: 47MILLION
  • One free spin on the "Millionaire's Bonus Wheel" , instant prizes, limited time only
  • Summer Samba Mini Game for returning players, huge instant wins credited to your player account if you are lucky, all throughout the summer
  • Every day between 6am and 10am EDT you'll get 50 Free Spins to play during our Happy Hour.
 

Playthrough requirements and wagering limitations

All bonuses and promotions are subject to the following wagering limitations and playthrough requirements.
  • Playthrough requirement: 40-60x for match bonuses and usually 60x for free spins and other bonuses, depends on the bonus check the casino's web page for the specific, up to date, current playthrough requirements and wagering limitations

Wagering limitation:
  • 100% - Slots and Keno
  • 50% - Roulette and Three Card Poker
  • 25% - Baccarat
  • 10% - Video Poker
  • 5% - Blackjack, Craps
  • 0% - Everything else

 

BGO

BGO casino banner displaying the various bonuses and promotional offers offered by BGO casino. You can read these offers below.

Next gen, cross platform and mobile compatible casino with the best casino games, live dealers and bingo. Best bonuses currently.

US players can not register.
  • 500 free spins!
  Legal disclaimer: Terms and conditions of the casino apply (if any). Check the casino's webpage for up to date terms and conditions and wagering limitations.  

Playthrough requirements and wagering limitations

Only for UK players, new players only.
Playthrough requirement: 65x
Wagering limitation:
  • Slots: 100%
  • Roulette: 25%
  • All Blackjack Games: 25%
  • 3 Card Brag: 50%
  • Casino Hold'em: 25%
  • Baccarat: 0%
  • Everything else: 0%

 

Bet Online Casino and Sports Book

Bet Online bookmaker and gambling website's banner displaying the various bonuses and promotional offers offered currently.

Bet Online sports-book and casino, cross platform and mobile compatible, Bitcoin accepted.

  • Welcome bonus, 100% up to $1,000 on your first three deposits! Use the code BOLCASINO
  • 100% welcome match bonus up to 100% on your first deposit using Bitcoin, Bitcoin Cash, Ethereum, Litecoin or DASH. No code required.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 40 times before withdrawal.
Playthrough requirement: • Slot Games (progressive jackpot slots excluded) 100% • Roulette (All versions), Draw High-Lo, 3 Card Rummy 20% • Baccarat, Blackjack (American & European), Poker 3, Oasis Poker, Single Deck Blackjack, Triple Edge Poker, Caribbean Poker, Three Card Poker, Video Poker 10% • Pirate 21, Blackjack Super 7, Pai Gow, 21 Burn, Ride’m Poker, All forms of Keno, Red Dog, Pontoon, Top Card Trumps 5% • Craps, Live Casino, All Games with Progressive Jackpots, Virtual Racebook. Speciality games ie Keno’s and Scratcher game offered by Betsoft 0%
Wagering limitation:
  • Any action on Baccarat, Roulette and Craps will not count towards the wagering requirement.

 

Betsson Casino and Sports Book

Betsafe banner displaying the various bonuses and promotional offers offered by European bookmaker and casino Betsafe.

Betsson sports-book and casino with live dealers&poker cross platform and mobile compatible.

  • Welcome bonus, 100% up to €100
  • 101 free spins on your first deposit
  • €5,000 every week for one lucky active returning player (no wagering limitation, no playthrough requirement)

US players can not register. Betsson has over 1500 games, the most games of any casino. You can read the review of Betsson casino here.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 35 times before withdrawal. No wagering requirement for the weekly extra money.
Playthrough requirement: No playthrough requirement for the extra weekly money. In case of the welcome bonus: • 100%: Slots • 10%: All Roulette (except Live), Caribbean Stud & Casino Stud Poker Games • 10%: All Casino Hold’Em, Red Dog, Pai Gow, Poker Games, Oasis Poker & Texas Hold’Em Poker Games • 5%: All BlackJack (except Live BlackJack), Baccarat, Video Poker, Pontoon, Beat Me, Punto Banco Games
Wagering limitation:
  • The bonus cannot be wagered on the following games: 1429 Uncharted Seas, Aliens, Big Bang, Blood Suckers, Castle builder, Castle Builder 2, Champion of the Track, Dead or Alive, Devil´s Delight, Eggomatic, Epic Gems, Eye of the Kraken, Kings of Chicago, Pearls of India, Robin Hood, Scrooge, Sea Hunter, Super Monopoly Money, The Wish Master, Tower Quest, Wild Gambler, Wizard Shop, Zombies.
  • Player from certain countries are not allowed use bonuses due to regular bonus abuse, check the casino's website for the ever changing up to date list.

 

 

 

Summary:

 

 

Casino gambling in Iceland

 

Online casino gambling in Iceland: illegal, players are not prosecuted

 

Casinos and online casinos are illegal in Iceland. The only exception are slot machines (both video slots and mechanical). These slots are the monopoly of University of Iceland and Íslandsspil. It’s hard to know for sure (no official data) but based on customer reviews online the biggest slot hall is Casino Club Bar Mónakó in Rejkjavik, (not a true casino at all, misleading name, but that’s the closest thing to one in Iceland) and even this establishment is very small. If you like playing slots or visiting casinos during your vacation as a tourist, then Iceland is best avoided. It’s really interesting how strongly the Icelandic government is against gambling, which is considered a conservative stance, but in everything else (LGBT+ rights/marriage/sex change operations, intersectionality, feminism, social justice, barely any prison sentences, lenient laws, they elected an openly lesbian prime minister) they are progressive, liberal, extremely so – interesting contradiction. The government is missing out on a way to develop the tourism sector further by restricting gambling, and due to easy access to online casinos  (players are not prosecuted for playing in unlicensed offshore online casinos, which pay no taxes at all… due to misguided EU laws) the gambling addiction and problem gambling is still an issue and the ban/restriction does not have its desired effect.

/Rant: It’s not just Iceland, but everywhere else too, old, pre-internet era bureaucrats, politicians still think that if you ban land-based casinos, restrict them, then gambling, problem gambling will go away or at lest gets reduced significantly. They underestimate internet gambling. I see this everywhere. Either ban gambling entirely, including online gambling and punish people for playing in online casinos or legalize it and tax it, this weird chaotic, in-between shitty solution within the EU is the worst, problem gambling is still around and these unlicensed gambling websites pay no taxes at all!, the worst possible outcome…. If you can’t properly ban online casinos due to the EU, then either leave the EU or legalize it and have them pay taxes./

Foreign online gambling websites, which are licensed in offshore tax havens or in other EU countries are freely accessible (although most of them don’t accept players from Iceland). Players playing in such online casinos are not prosecuted due to a 2016 EU Court of Justice ruling. You can find the online casinos, which accept players from Iceland below.

Online casinos accepting players from Iceland - click to see

The following online casino websites accept players from Iceland:

 

Black Lotus Casino

[caption id="attachment_17025" align="alignnone" width="728"]This is Black Lotus Casino's 2020 animated GIF banner advertising their new slot and their free spins and casino match bonuses. You can read about these promotional offers below the animated banner. By clicking on the banner you will be taken to the casino's website where you can register and play. Black Lotus Casino bonus offers[/caption] USA and Canada players are accepted.
  • Get 300% match bonus, up to $3,250. Use the code: VENTURE300
  • $100 bonus. Use code: VENTURE100

Bonuses for existing players:
  • Deposit and get 37 Free Spins on Millionaire’s Life. Code: 37MILLION
  • Deposit $45 and get 299% up to $1,000. Code: 299MILLION & then get 47 Free Spins on Millionaire’s Life. Code: 47MILLION
  • One free spin on the "Millionaire's Bonus Wheel" , instant prizes, limited time only
  • Summer Samba Mini Game for returning players, huge instant wins credited to your player account if you are lucky, all throughout the summer
  • Every day between 6am and 10am EDT you'll get 50 Free Spins to play during our Happy Hour.
 

Playthrough requirements and wagering limitations

All bonuses and promotions are subject to the following wagering limitations and playthrough requirements.
  • Playthrough requirement: 40-60x for match bonuses and usually 60x for free spins and other bonuses, depends on the bonus check the casino's web page for the specific, up to date, current playthrough requirements and wagering limitations

Wagering limitation:
  • 100% - Slots and Keno
  • 50% - Roulette and Three Card Poker
  • 25% - Baccarat
  • 10% - Video Poker
  • 5% - Blackjack, Craps
  • 0% - Everything else

 

BGO

[caption id="attachment_15808" align="aligncenter" width="728"]BGO casino banner displaying the various bonuses and promotional offers offered by BGO casino. You can read these offers below. Next gen, cross platform and mobile compatible casino with the best casino games, live dealers and bingo. Best bonuses currently.[/caption] US players can not register.
  • 500 free spins!
  Legal disclaimer: Terms and conditions of the casino apply (if any). Check the casino's webpage for up to date terms and conditions and wagering limitations.  

Playthrough requirements and wagering limitations

Only for UK players, new players only.
Playthrough requirement: 65x
Wagering limitation:
  • Slots: 100%
  • Roulette: 25%
  • All Blackjack Games: 25%
  • 3 Card Brag: 50%
  • Casino Hold'em: 25%
  • Baccarat: 0%
  • Everything else: 0%

 

Bet Online Casino and Sports Book

[caption id="attachment_5678" align="alignnone" width="728"]Bet Online bookmaker and gambling website's banner displaying the various bonuses and promotional offers offered currently. Bet Online sports-book and casino, cross platform and mobile compatible, Bitcoin accepted.[/caption]
  • Welcome bonus, 100% up to $1,000 on your first three deposits! Use the code BOLCASINO
  • 100% welcome match bonus up to 100% on your first deposit using Bitcoin, Bitcoin Cash, Ethereum, Litecoin or DASH. No code required.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 40 times before withdrawal.
Playthrough requirement: • Slot Games (progressive jackpot slots excluded) 100% • Roulette (All versions), Draw High-Lo, 3 Card Rummy 20% • Baccarat, Blackjack (American & European), Poker 3, Oasis Poker, Single Deck Blackjack, Triple Edge Poker, Caribbean Poker, Three Card Poker, Video Poker 10% • Pirate 21, Blackjack Super 7, Pai Gow, 21 Burn, Ride’m Poker, All forms of Keno, Red Dog, Pontoon, Top Card Trumps 5% • Craps, Live Casino, All Games with Progressive Jackpots, Virtual Racebook. Speciality games ie Keno’s and Scratcher game offered by Betsoft 0%
Wagering limitation:
  • Any action on Baccarat, Roulette and Craps will not count towards the wagering requirement.

 

Betsson Casino and Sports Book

[caption id="attachment_16307" align="alignnone" width="728"] Betsafe banner displaying the various bonuses and promotional offers offered by European bookmaker and casino Betsafe. Betsson sports-book and casino with live dealers&poker cross platform and mobile compatible.[/caption]
  • Welcome bonus, 100% up to €100
  • 101 free spins on your first deposit
  • €5,000 every week for one lucky active returning player (no wagering limitation, no playthrough requirement)

US players can not register. Betsson has over 1500 games, the most games of any casino. You can read the review of Betsson casino here.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 35 times before withdrawal. No wagering requirement for the weekly extra money.
Playthrough requirement: No playthrough requirement for the extra weekly money. In case of the welcome bonus: • 100%: Slots • 10%: All Roulette (except Live), Caribbean Stud & Casino Stud Poker Games • 10%: All Casino Hold’Em, Red Dog, Pai Gow, Poker Games, Oasis Poker & Texas Hold’Em Poker Games • 5%: All BlackJack (except Live BlackJack), Baccarat, Video Poker, Pontoon, Beat Me, Punto Banco Games
Wagering limitation:
  • The bonus cannot be wagered on the following games: 1429 Uncharted Seas, Aliens, Big Bang, Blood Suckers, Castle builder, Castle Builder 2, Champion of the Track, Dead or Alive, Devil´s Delight, Eggomatic, Epic Gems, Eye of the Kraken, Kings of Chicago, Pearls of India, Robin Hood, Scrooge, Sea Hunter, Super Monopoly Money, The Wish Master, Tower Quest, Wild Gambler, Wizard Shop, Zombies.
  • Player from certain countries are not allowed use bonuses due to regular bonus abuse, check the casino's website for the ever changing up to date list.

 

Click here for more info on casinos in Iceland.

 

 

 

Bingo in Iceland

 

Online bingo in Iceland: legal, charity only, monopoly, allowed with special permission, licence only for non-profits

 

Bingo is a popular game around the world, especially among older women. Bingo is popular in Iceland too as it is one of the few forms of gambling allowed in the country. Players from Iceland can enjoy this fun game online or offline (online only in foreign bingo websites, no domestic bingo website). Bingo can be organised by The University of Iceland, or Íslandsspil or any of their subsidiaries or by anyone who get a licence fro, them. Organizers must be non-profit and the proceeds must be donated to charity. There is only one standalone bingo hall in Iceland Bingó í Vinabæ.

UPDATE: For a long time bingo and other gambling activities were illegal during any Christian holiday (for those who are not Christian, that’s about one third of the year) making life very difficult for bingo organizers. However, there was a change in legislation (you can read about it there) and now bingo, lottery and slots are all allowed during christian holidays as well.

Foreign online bingo sites are not blocked and players can play online at these bingo websites, although not many of them accept players from Iceland. In fact, I could only find one.

 

The following online casino has live bingo and accepts players from Iceland:

 

BGO

BGO casino banner displaying the various bonuses and promotional offers offered by BGO casino. You can read these offers below.

Next gen, cross platform and mobile compatible casino with the best casino games, live dealers and bingo. Best bonuses currently.

US players can not register.
  • 500 free spins!
  Legal disclaimer: Terms and conditions of the casino apply (if any). Check the casino's webpage for up to date terms and conditions and wagering limitations.  

Playthrough requirements and wagering limitations

Only for UK players, new players only.
Playthrough requirement: 65x
Wagering limitation:
  • Slots: 100%
  • Roulette: 25%
  • All Blackjack Games: 25%
  • 3 Card Brag: 50%
  • Casino Hold'em: 25%
  • Baccarat: 0%
  • Everything else: 0%

 

 

Poker in Iceland

 

Online poker in Iceland: illegal, players are not prosecuted

 

Poker is entirely illegal in Iceland, even for charity, non-profit initiatives. Many would argue that poker is more about skill than luck, because there is no house edge. And in fact, in a handful of countries poker is considered a sport or a game of skill, rather than a game of chance. Unfortunately, this is not the case in Iceland. Poker is considered gambling in Iceland and is illegal. However, foreign online poker sites are not blocked and players from Iceland can freely access and register at these websites, making this ban entirely moot.

Online poker sites which accept players from Iceland - click to see

The following online casinos have poker and accept players from Iceland:

 

Bet Online Casino and Sports Book

[caption id="attachment_5678" align="alignnone" width="728"]Bet Online bookmaker and gambling website's banner displaying the various bonuses and promotional offers offered currently. Bet Online sports-book and casino, cross platform and mobile compatible, Bitcoin accepted.[/caption]
  • Welcome bonus, 100% up to $1,000 on your first three deposits! Use the code BOLCASINO
  • 100% welcome match bonus up to 100% on your first deposit using Bitcoin, Bitcoin Cash, Ethereum, Litecoin or DASH. No code required.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 40 times before withdrawal.
Playthrough requirement: • Slot Games (progressive jackpot slots excluded) 100% • Roulette (All versions), Draw High-Lo, 3 Card Rummy 20% • Baccarat, Blackjack (American & European), Poker 3, Oasis Poker, Single Deck Blackjack, Triple Edge Poker, Caribbean Poker, Three Card Poker, Video Poker 10% • Pirate 21, Blackjack Super 7, Pai Gow, 21 Burn, Ride’m Poker, All forms of Keno, Red Dog, Pontoon, Top Card Trumps 5% • Craps, Live Casino, All Games with Progressive Jackpots, Virtual Racebook. Speciality games ie Keno’s and Scratcher game offered by Betsoft 0%
Wagering limitation:
  • Any action on Baccarat, Roulette and Craps will not count towards the wagering requirement.

 

Betsson Casino and Sports Book

[caption id="attachment_16307" align="alignnone" width="728"] Betsafe banner displaying the various bonuses and promotional offers offered by European bookmaker and casino Betsafe. Betsson sports-book and casino with live dealers&poker cross platform and mobile compatible.[/caption]
  • Welcome bonus, 100% up to €100
  • 101 free spins on your first deposit
  • €5,000 every week for one lucky active returning player (no wagering limitation, no playthrough requirement)

US players can not register. Betsson has over 1500 games, the most games of any casino. You can read the review of Betsson casino here.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 35 times before withdrawal. No wagering requirement for the weekly extra money.
Playthrough requirement: No playthrough requirement for the extra weekly money. In case of the welcome bonus: • 100%: Slots • 10%: All Roulette (except Live), Caribbean Stud & Casino Stud Poker Games • 10%: All Casino Hold’Em, Red Dog, Pai Gow, Poker Games, Oasis Poker & Texas Hold’Em Poker Games • 5%: All BlackJack (except Live BlackJack), Baccarat, Video Poker, Pontoon, Beat Me, Punto Banco Games
Wagering limitation:
  • The bonus cannot be wagered on the following games: 1429 Uncharted Seas, Aliens, Big Bang, Blood Suckers, Castle builder, Castle Builder 2, Champion of the Track, Dead or Alive, Devil´s Delight, Eggomatic, Epic Gems, Eye of the Kraken, Kings of Chicago, Pearls of India, Robin Hood, Scrooge, Sea Hunter, Super Monopoly Money, The Wish Master, Tower Quest, Wild Gambler, Wizard Shop, Zombies.
  • Player from certain countries are not allowed use bonuses due to regular bonus abuse, check the casino's website for the ever changing up to date list.

 

 

 

Sports betting in Iceland

 

Online sports betting in Iceland: legal, requires proper license, charity only

 

Sports betting is the second most common and popular form of gambling in the world (after lottery of course). It is especially popular among men worldwide. In Iceland it is one of the few legal forms of gambling that is allowed. In fact, it is actually legal since 1952. However, due to the fact, that the sports betting section is entirely non-profit, it hasn’t been developed or invested in much. It was always neglected next to the lottery. In Iceland there are actually no brick & mortar bookmakers.

However, online bookmakers registered in foreign countries are not blocked and can freely accept players from Iceland.

Online bookmakers accepting bettors from Iceland - click to see

The following online sportsbooks accept bettors from Iceland:

 

Bet Online Casino and Sports Book

[caption id="attachment_5678" align="alignnone" width="728"]Bet Online bookmaker and gambling website's banner displaying the various bonuses and promotional offers offered currently. Bet Online sports-book and casino, cross platform and mobile compatible, Bitcoin accepted.[/caption]
  • Welcome bonus, 100% up to $1,000 on your first three deposits! Use the code BOLCASINO
  • 100% welcome match bonus up to 100% on your first deposit using Bitcoin, Bitcoin Cash, Ethereum, Litecoin or DASH. No code required.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 40 times before withdrawal.
Playthrough requirement: • Slot Games (progressive jackpot slots excluded) 100% • Roulette (All versions), Draw High-Lo, 3 Card Rummy 20% • Baccarat, Blackjack (American & European), Poker 3, Oasis Poker, Single Deck Blackjack, Triple Edge Poker, Caribbean Poker, Three Card Poker, Video Poker 10% • Pirate 21, Blackjack Super 7, Pai Gow, 21 Burn, Ride’m Poker, All forms of Keno, Red Dog, Pontoon, Top Card Trumps 5% • Craps, Live Casino, All Games with Progressive Jackpots, Virtual Racebook. Speciality games ie Keno’s and Scratcher game offered by Betsoft 0%
Wagering limitation:
  • Any action on Baccarat, Roulette and Craps will not count towards the wagering requirement.

 

Betsson Casino and Sports Book

[caption id="attachment_16307" align="alignnone" width="728"] Betsafe banner displaying the various bonuses and promotional offers offered by European bookmaker and casino Betsafe. Betsson sports-book and casino with live dealers&poker cross platform and mobile compatible.[/caption]
  • Welcome bonus, 100% up to €100
  • 101 free spins on your first deposit
  • €5,000 every week for one lucky active returning player (no wagering limitation, no playthrough requirement)

US players can not register. Betsson has over 1500 games, the most games of any casino. You can read the review of Betsson casino here.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 35 times before withdrawal. No wagering requirement for the weekly extra money.
Playthrough requirement: No playthrough requirement for the extra weekly money. In case of the welcome bonus: • 100%: Slots • 10%: All Roulette (except Live), Caribbean Stud & Casino Stud Poker Games • 10%: All Casino Hold’Em, Red Dog, Pai Gow, Poker Games, Oasis Poker & Texas Hold’Em Poker Games • 5%: All BlackJack (except Live BlackJack), Baccarat, Video Poker, Pontoon, Beat Me, Punto Banco Games
Wagering limitation:
  • The bonus cannot be wagered on the following games: 1429 Uncharted Seas, Aliens, Big Bang, Blood Suckers, Castle builder, Castle Builder 2, Champion of the Track, Dead or Alive, Devil´s Delight, Eggomatic, Epic Gems, Eye of the Kraken, Kings of Chicago, Pearls of India, Robin Hood, Scrooge, Sea Hunter, Super Monopoly Money, The Wish Master, Tower Quest, Wild Gambler, Wizard Shop, Zombies.
  • Player from certain countries are not allowed use bonuses due to regular bonus abuse, check the casino's website for the ever changing up to date list.

 

And also this website, this casino has virtual sports betting, which is simulated sports betting, quite interesting, really entertaining, but it’s not genuine real sports betting, it’s computer simulation:

 

BGO

[caption id="attachment_15808" align="aligncenter" width="728"]BGO casino banner displaying the various bonuses and promotional offers offered by BGO casino. You can read these offers below. Next gen, cross platform and mobile compatible casino with the best casino games, live dealers and bingo. Best bonuses currently.[/caption] US players can not register.
  • 500 free spins!
  Legal disclaimer: Terms and conditions of the casino apply (if any). Check the casino's webpage for up to date terms and conditions and wagering limitations.  

Playthrough requirements and wagering limitations

Only for UK players, new players only.
Playthrough requirement: 65x
Wagering limitation:
  • Slots: 100%
  • Roulette: 25%
  • All Blackjack Games: 25%
  • 3 Card Brag: 50%
  • Casino Hold'em: 25%
  • Baccarat: 0%
  • Everything else: 0%

 

 

 

Lottery in Iceland

 

Online lottery in Iceland: legal, monopoly of Íslandsspil, charity only

 

Arguably, the lottery is the most common form of gambling around the world, It is safe to say that where gambling is legal or semi-legal there is a national lottery. While most popular casino games are banned in Iceland like poker, roulette and blackjack, the lottery is still legal (non-profit only). The country’s official lottery is the Lottó, but players from Iceland can enjoy many more kinds of lotteries online through the Icelandic lottery company (Íslandsspil) (e.g.: the Euro Jackpot, Viking Lotto). Lottó is a non-profit organization. However, people can buy Euro Jackpot lottery tickets (a for-profit EU lottery) and Viking Lotto (Scandinavian for profit lottery) through the Icelandic company.

Lottery tickets can be sold online in Iceland. Foreign lottery websites and lottery agents are also not banned.

The following websites let people from Iceland purchase lottery tickets online:

Íslandsspil, it’s a monopoly

 

Bitcoin gambling in Iceland

 

Bitcoin gambling in Iceland: not specifically regulated

 

Some countries consider Bitcoin an asset rather than a currency (like Norway or Lithuania). In Iceland, trading with Bitcoin was illegal due to the Icelandic Foreign Exchange Act up until 2017.* Which was a weird situation considering that bitcoin mining is actually a booming industry in the country. Bitcoin gambling is not mentioned in the Icelandic gambling legislation at all. It’s not specifically regulated yet. None of the slot halls in Iceland accept bitcoin and the online lottery of Íslandsspil also doesn’t accept any alternative digital currency. Right now if you want to play online with bitcoins, litecoins or any of the cryptocurrencies you need to visit a foreign online gambling website. The websites below accept players from Iceland and accept bitcoin as well.

*Foreign Exchange Act No. 87, 17 November 1992, as amended up to 1 May 2013

Online bitcoin casinos accepting players from Iceland - click to see

The following online casino websites accept bitcoin and players from Iceland:

 

Black Lotus Casino

[caption id="attachment_17025" align="alignnone" width="728"]This is Black Lotus Casino's 2020 animated GIF banner advertising their new slot and their free spins and casino match bonuses. You can read about these promotional offers below the animated banner. By clicking on the banner you will be taken to the casino's website where you can register and play. Black Lotus Casino bonus offers[/caption] USA and Canada players are accepted.
  • Get 300% match bonus, up to $3,250. Use the code: VENTURE300
  • $100 bonus. Use code: VENTURE100

Bonuses for existing players:
  • Deposit and get 37 Free Spins on Millionaire’s Life. Code: 37MILLION
  • Deposit $45 and get 299% up to $1,000. Code: 299MILLION & then get 47 Free Spins on Millionaire’s Life. Code: 47MILLION
  • One free spin on the "Millionaire's Bonus Wheel" , instant prizes, limited time only
  • Summer Samba Mini Game for returning players, huge instant wins credited to your player account if you are lucky, all throughout the summer
  • Every day between 6am and 10am EDT you'll get 50 Free Spins to play during our Happy Hour.
 

Playthrough requirements and wagering limitations

All bonuses and promotions are subject to the following wagering limitations and playthrough requirements.
  • Playthrough requirement: 40-60x for match bonuses and usually 60x for free spins and other bonuses, depends on the bonus check the casino's web page for the specific, up to date, current playthrough requirements and wagering limitations

Wagering limitation:
  • 100% - Slots and Keno
  • 50% - Roulette and Three Card Poker
  • 25% - Baccarat
  • 10% - Video Poker
  • 5% - Blackjack, Craps
  • 0% - Everything else

 

Bet Online Casino and Sports Book

[caption id="attachment_5678" align="alignnone" width="728"]Bet Online bookmaker and gambling website's banner displaying the various bonuses and promotional offers offered currently. Bet Online sports-book and casino, cross platform and mobile compatible, Bitcoin accepted.[/caption]
  • Welcome bonus, 100% up to $1,000 on your first three deposits! Use the code BOLCASINO
  • 100% welcome match bonus up to 100% on your first deposit using Bitcoin, Bitcoin Cash, Ethereum, Litecoin or DASH. No code required.

Playthrough requirements and wagering limitations

The deposit bonus amount must be wagered 40 times before withdrawal.
Playthrough requirement: • Slot Games (progressive jackpot slots excluded) 100% • Roulette (All versions), Draw High-Lo, 3 Card Rummy 20% • Baccarat, Blackjack (American & European), Poker 3, Oasis Poker, Single Deck Blackjack, Triple Edge Poker, Caribbean Poker, Three Card Poker, Video Poker 10% • Pirate 21, Blackjack Super 7, Pai Gow, 21 Burn, Ride’m Poker, All forms of Keno, Red Dog, Pontoon, Top Card Trumps 5% • Craps, Live Casino, All Games with Progressive Jackpots, Virtual Racebook. Speciality games ie Keno’s and Scratcher game offered by Betsoft 0%
Wagering limitation:
  • Any action on Baccarat, Roulette and Craps will not count towards the wagering requirement.

 

 

 

If you have questions or any feedback don’t hesitate to drop a comment below. Please let me know in the comments section if you think we might have gotten something wrong or if you have additional information, clarification about the legal status of online gambling in this country, especially if you are from Iceland or nearby.

 

This page is part of Simon’s List – Legal Status of Online Gambling – a definitive guide to the legal status of all forms of online gambling in every country around the world.

Last updated: 2020-08-22

Summary
Simon's Guide to Gambling in Iceland
Article Name
Simon's Guide to Gambling in Iceland
Description
An overview of the legal status of gambling, digital gambling, bitcoin gambling, lottery, sports betting, bingo and poker in Iceland.
Author
Simon's Online Marketing Kft.

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