SBC News Voice of the Sports Betting Industry
Gambling.com Group (GAMB) has completed its acquisition Odds Holdings, the parent company of OddsJam, in a deal valued at up to $160 million.
Finalised terms include an initial $80m, with potential additional payments of up to $80m based on performance through 2026. This transaction, originally announced in 2024, significantly expands Gambling.com’s market presence.
Dealmakers expect Odds Holdings to generate $26m in revenue and $12m in adjusted EBITDA for 2024, with projected growth of at least 20% under its management in 2025.
As part of the acquisition, Odds Holdings founders Ankit Goyal and Alex Monahan, along with CEO Matt Restivo, will join Gambling.com Group. The integration of OddsJam’s technology is set to strengthen the company’s market position and immediately contribute to its financial performance.
The acquisition is funded through cash, shares, and an expanded $100 million credit facility from Wells Fargo.
Charles Gillespie, CEO of Gambling.com Group, emphasized the value of the deal, saying, “The accretive acquisition of Odds Holdings will immediately provide Gambling.com Group with additional, recurring revenue streams which are independent of our market-leading online gambling affiliate business, consistent with our strategy to expand our footprint in the online gambling industry.”
He added, “We are delighted to welcome the Odds Holdings team to Gambling.com Group as we accelerate growth towards our goal of $100m in adjusted EBITDA. Their talented team has not only built a state-of-the art odds technology platform, but managed to build multiple distinct products on top of that platform which have very clear product-market fit.”
Gillespie highlighted OddsJam’s consumer appeal, stating, “Odds Holdings gives Gambling.com Group a suite of new enterprise products while OddsJam in particular brings a passionate and energetic new consumer audience to the Group.”
