Ecuador’s Internal Revenue Service (SRI) has confirmed that a total of 65 sports betting companies have agreed to pay the national 15% tax.

Revealed by SRI’s Director, Damián Larco, the applicants’ number consists of 63 regional and two foreign sports betting companies – with the sports betting registry introduced in July following the approval of the Law on Economic Efficiency and Job Generation.

The rules established a 15% gross revenue tax for all operators – regardless of whether companies are based in Ecuador or offshore – together with a 15% levy on player winnings.

Experts also believe that the number of active sports betting providers is higher than the official 65 registrants, with Larco ensuring that SRI is actively supervising the market and stands ready to blacklist the IP addresses of any unlicensed operators in order to prevent tax evasion and money laundering.

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