Affiliate business Gambling.com Group has agreed to acquire Odds Holdings, the parent company of OddsJam, for up to $160 million (£125.6 million/€152.3 million). Gambling.com Group has agreed to pay €80 million upfront for Odds Holdings, with an additional $80 million tied to OddsJam’s performance through 2026. OddsJam provides real-time odds to users, while Odds Holdings
Affiliate industry Gambling.com Neighborhood has agreed to build Odds Holdings, the guardian company of OddsJam, for as a lot as $160 million (£125.6 million/€152.3 million).
Gambling.com Neighborhood has agreed to pay €80 million upfront for Odds Holdings, with an additional $80 million tied to OddsJam’s performance thru 2026. OddsJam offers actual-time odds to users, whereas Odds Holdings offers low-latency odds recordsdata to endeavor prospects.
Gambling.com Neighborhood claims that the odds platform powering Odds Holdings is the industry’s “most evolved,” processing over a million requests per 2d and 2 terabytes of recordsdata every day all the plan in which thru virtually 300 sportsbooks.
Strategic Acquisition of Odds Holdings
By buying the Odds Holdings industry, Gambling.com Neighborhood goals to extend its industry footprint, producing new habitual revenue from every consumer and endeavor prospects. The neighborhood additionally sees a possibility to leverage unique partner relationships to pressure major whisper for Odds Holdings.
Gambling.com Neighborhood describes the acquisition as a “strategic and gargantuan step” towards its aim of reaching $100 million in adjusted EBITDA. The deal is anticipated to be at the moment accretive to the company’s working outcomes upon closing. For 2024, Odds Holdings is projected to generate $26 million in revenue and $12 million in adjusted EBITDA. The neighborhood expects the transaction to terminate on 1 January 2025, discipline to historical stipulations.
As part of the deal, the Odds Holdings crew will join Gambling.com Neighborhood, along with OddsJam founders Ankit Goyal and Alex Monahan, besides CEO Matt Restivo.
Charles Gillespie, co-founder and CEO of Gambling.com Neighborhood, acknowledged:
The accretive acquisition of Odds Holdings will at the moment present Gambling.com Neighborhood with extra, habitual revenue streams that are self reliant of our market-main on-line playing affiliate industry, in step with our technique to extend our footprint within the net playing industry. Their talented crew has no longer most attention-grabbing constructed a tell-of-the artwork odds know-how platform, nevertheless managed to create a pair of distinct merchandise on top of that platform which own very clear product-market fit.
Odds Holdings offers Gambling.com Neighborhood a series of most as a lot as date endeavor merchandise. OddsJam in particular brings a passionate and vigorous new consumer audience to the neighborhood.
Odds Holdings CEO Restivo added:
By leveraging Gambling.com Neighborhood’s abilities, innovation and sources we are in a position to be optimally positioned to scale our know-how and recordsdata-driven insights to be triumphant in an supreme increased audience of on-line bettors, along with previous the North American market.
Offer: TheGamblest
