Gambling.com Group Completes $160M Acquisition of Odds Holdings

The deal, first announced in 2024, is valued at up to $160 million. It includes an initial purchase price of $80 million, with additional performance-based payments of up to $80 million over the next two years. This acquisition strategically strengthens Gambling.com Group’s offerings with real-time odds data technology and diversifies its revenue streams through recurring income.

Odds Holdings, the parent company of OddsJam, is expected to contribute $26 million in revenue and $12 million in adjusted EBITDA in 2024. Under Gambling.com Group’s management, this growth trajectory is forecast to exceed 20% in 2025, reflecting the acquisition's immediate and long-term financial potential. The integration of OddsJam's cutting-edge technology is set to enhance Gambling.com Group's market presence and operational capabilities.

The Odds Holdings team, including founders Ankit Goyal and Alex Monahan, along with CEO Matt Restivo, will join Gambling.com Group as part of the transaction. Their expertise in building advanced odds technology and developing multiple successful products will play a pivotal role in expanding the Group's enterprise offerings and reaching a broader consumer audience.

The acquisition is financed through a combination of cash, shares, and an expanded $100 million credit facility from Wells Fargo. Gambling.com Group CEO Charles Gillespie emphasized the strategic importance of the deal, stating: “The accretive acquisition of Odds Holdings will immediately provide Gambling.com Group with additional, recurring revenue streams independent of our market-leading online gambling affiliate business. This aligns with our strategy to expand our footprint in the online gambling industry."

He added, "We are thrilled to welcome the Odds Holdings team to Gambling.com Group as we accelerate our growth towards our goal of $100 million in adjusted EBITDA. Their state-of-the-art technology platform and innovative product suite bring clear product-market fit, while OddsJam, in particular, introduces a passionate new consumer audience to our Group.”

This acquisition not only positions Gambling.com Group to strengthen its market presence but also sets the stage for continued innovation and financial growth in the evolving online gambling industry.