Best Betting Sites in Iceland 2023 | Top Sports bet apps in Iceland

Iceland is well-known throughout the world for its breathtaking natural wonders, but it is also no stranger to sports betting and other forms of gambling. Despite the University of Iceland’s 1933 lottery being the first instance of institutionalised gambling, interest in Icelandic betting sites has increased recently. One of the key causes of the public’s growing interest in online betting was the Icelandic football team’s outstanding performance at Euro 2016.

Players don’t have a lot of options, though, given how the Icelandic online betting market is currently set up. Islensk Getspa/Getraunir, a state-owned monopoly operator, falls short in providing a variety of betting markets, aggressive odds, and generous bonuses. Fortunately, a number of foreign bookmakers are pleased to accept Icelandic players and give them access to everything they need to have a great betting experience on the country’s online market.

Best Betting Sites in Iceland

The government lacks the ability or incentive to obstruct foreign operators in the absence of explicit legislation governing online betting. This is great news for Icelandic gamblers who have a choice of venues. Also, there are no laws that specifically target those who use foreign bookmakers, therefore there is zero risk when betting on international companies.

The only punishable offence, according to articles 183 and 184 of the 2016 revision of the Icelandic Penal Code, is engaging in professional betting or gambling or earning direct or indirect income from such activities occurring on one’s property. So, there is no need for concern as long as internet betting is seen as fun.

Icelanders are free to utilise online sportsbooks as of the age of 18 and are not subject to any limitations. It’s also important to note that gains from players at offshore bookmakers are not treated as income and are therefore tax-free.