According to Decree 313, issued on June 27, 2024, a new fiscal regulation has been implemented that applies to winnings obtained through sports betting in Ecuador. This regulation introduces a mandatory deduction that is automatically applied to all sports betting winnings.
What does this regulation mean?
All winnings from sports betting are now subject to a 15% deduction, which is applied automatically as required by the new legislation.
Why is this deduction applied?
The purpose of Decree 313 is to regulate and standardize the tax framework applicable to sports betting activities.
The 15% deduction is a mandatory tax intended to ensure transparency and compliance with fiscal obligations in the sector.
How does this affect you?
Whenever you receive winnings from sports betting:
- A 15% deduction will be applied to the total amount won.
- The adjustment is processed automatically; no action is required from you.
- You will receive the net amount, after the tax has been deducted.
This regulation applies only to sports betting winnings, not to deposits, gameplay, or other account activities.