The Neotropical genus Schacontia Dyar (1914) is reviewed and revised to include eleven species. Schacontia replica Dyar, 1914, syn. n. and S. pfeifferi Amsel, 1956, syn. n. are synonymized with S. chanesalis (Druce, 1899) and eight new species are described: Schacontia umbra, sp. n., S. speciosa, sp. n., S. themis, sp. n., S. rasa, sp. n., S. nyx, sp. n., S. clotho, sp. n., S. lachesis, sp. n., and S. atropos, sp. n. Three species, S. medalba, S. chanesalis, and S. ysticalis, are re-described. An analysis of 64 characters (56 binary, 8 multistate; 5 head, 13 thoracic, 13 abdominal, 25 male genitalic, and 8 female genitalic) scored for all Schacontia and three outgroup species (Eustixia pupula Hübner, 1823, Glaphyria sesquistrialis Hübner, 1823, and Hellula undalis (Fabricius, 1781)) retrieved 8 equally most parsimonious trees (L=102, CI=71, RI=84) of which the strict consensus is: [[[[medalba + umbra] + chanesalis] + speciosa] + [ysticalis + [rasa + themis + [atropos + lachesis + nyx + clotho]]]]. The relevance of male secondary sexual characters to the diagnosis of Schacontia species is discussed.