Europe
Iceland.
Offshore only Data profile. Full research not written yet.
No local licensing regime; players use international operators.
Market snapshot
- Online GGR 2026
- USD 160m
- Regulated GGR
- USD 60m
- Offshore GGR
- USD 90m
- Growth, year on year
- 6%
- CAGR
- 5%
- Channelisation
- 0%
- Mobile share
- 80%
The market
Iceland is a offshore only market overseen by Íslandsspil (state lottery only). Online gross gaming revenue is running at USD 160m for 2026, of which USD 60m is licensed. Roughly 0% of play sits with licensed operators.
No remote licensing; offshore-only beyond state lottery.
This is the measured profile. A full research write-up, with the licensing route, the advertising rules, the player limits and cited sources, is not written for Iceland yet. The figures above come from the market dataset rather than from a per-country source review, so treat them as a screen rather than as a basis for a launch decision.
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Weighing up Iceland?
One sentence is enough. I read these myself and reply with three actions you can take.