Ecuador Introduces New Licensing and Tax Regime for Sports Betting

[MissExposé]

Ecuador is transforming its sports betting industry with a new licensing and tax framework under Executive Decree 487, signed by President Daniel Noboa. Sports betting operators must obtain a five-year license, costing $307,850 annually, with 65 operators registered by September 2024. Starting July 2025, operators will face a 15% income tax, while players will incur a 15% withholding tax on monthly winnings above their bets. Operators have three months to adjust to the new regulations. Critics argue that the reforms should be legislated, not enforced by decree. Despite concerns, Ecuador aims to create a more structured, ethical gaming environment.

Source: https://www.casinonewsdaily.com/blo...s-sports-betting-licensing-and-tax-framework/