Online Gambling in Iceland
Some of the world's best online casinos accept users from Iceland, with strong and constantly growing support from Icelandic users.
While Iceland isn’t the biggest of European countries, it does have a growing market for online gambling. The complicated legislation which has suffered numerous changes over the years is slowly but surely moving in the right direction and the amount of players in the country are fueling such a change.
The strong comeback from the economic crisis of 2008-2009 has laid the foundation for a strong and dynamic economy, one that means a lot of potential for the online casino industry as well. But it isn’t just the economic growth that shows potential for the gambling industry; it is the constantly growing number of active and passionate Icelandic users.
A short history
Gambling in Iceland was always popular, regardless of the state of the economy or the global politics. The numerous changes to the legislation over the last century didn’t stop the passion and conviction some Icelanders had for gambling even though for the most part they had access to lotteries and sports betting with slots also making their appearance back in the 1990s.
The legal aspect
Gambling in Iceland has had a rocky history with numerous changes over the years, some meant to liberalize the market while other were meant to close own any gambling activity. In 1926, gambling was first made illegal in the country but the move was not long lasting with the first lottery being organized by the University of Iceland in 1933. Other legalized gambling institutions since then include the sports lottery and the national lottery. In 1994 slots were legalized and have quickly become one of the most popular gambling related games along with scratch tickets.
More progressive legislation is on the table with the future looking bright for online casinos as well. In fact, there is a constantly growing online casino scene in the country, with numerous users looking for the very best when it comes to entertaining and exciting online gambling games, be them slots or casino classics. The popularity of online casinos is bound to bring about some of the biggest names in the industry and the quality games they have on offer.
A growing popularity
According to recent studies over 76 percent of Icelanders gamble in some way, be it through online casinos, lotteries or sports betting. Slot machines are by far and away one of the most popular games available in Iceland, both in brick-and-mortar casinos as well as in the online format.
The future looks bright for Iceland and the gambling industry. More liberal legislation as well as the unwavering passion that Icelanders have for gambling will certainly mean growth.
Online Casino Reports strives to offer the very best possible information about any gambling related websites that accept users from Iceland. Such websites include poker rooms, online casinos, lotteries, bingo and everything in between.