Acquisition Finalized: Gambling.com Buys OddsJam
In a strategic move to expand its presence in the online gambling ecosystem, Gambling.com Group has finalized the acquisition of Odds Holdings on January 1, 2025. The deal, announced in mid-December, underscores Gambling.com Group's ability to execute strategic transactions efficiently and without delay.
The total cost of the acquisition amounts to $160m, with $80m paid upfront. The remaining $80m is payable in installments, contingent on the performance of OddsJam and other brands owned by Odds Holdings.
Odds Holdings, the parent company of OddsJam, provides Gambling.com Group with real-time betting odds data for users through an optimized website and app designed to enhance the sports betting experience. The Odds Holdings platform is powered by state-of-the-art technology for real-time odds data.
The acquisition secures recurring revenue streams for Gambling.com Group and further strengthens its position as a leader in the global online gambling ecosystem. The optimization of the OddsJam website and app is intended to enhance the sports betting experience for users.
Gambling.com Group commented on the deal's finalization, stating it underscores their ability to execute strategic transactions efficiently and without delay. The company is aiming to achieve a financial milestone of $100m in adjusted EBITDA.
As part of its ongoing efforts to expand in the online gambling ecosystem, the Odds Holdings acquisition further strengthens Gambling.com Group's position. There is no publicly available information regarding further payments expected by Gambling.com Group from Odds Holdings until 2026.
This strategic acquisition marks a significant step forward for Gambling.com Group, as it continues to solidify its position as a leader in the global online gambling industry.
