Affiliate business Gambling.com Group has completed the previously announced acquisition of Odds Holdings, Inc., the parent company of sports betting odds comparison site OddsJam. The purchase closed on January 1, 2025, “as planned and on schedule.”
Upon announcing the deal in late 2024, Gambling.com Group billed the acquisition as a “strategic and substantial step” towards its goal of achieving $100 million in adjusted EBITDA. As part of the deal, the Odds Holdings team will join Gambling.com, including OddsJam founders Ankit Goyal and Alex Monahan, as well as CEO Matt Restivo.
“The completion of this acquisition underscores Gambling.com Group’s ability to execute strategic transactions efficiently and without delay,” the company said in a press statement. “This acquisition expands Gambling.com Group’s footprint in the online gambling ecosystem by adding complementary recurring revenue streams from consumer subscription products and enterprise clients.”
The purchase was announced at a price of up to $160 million. Under the agreement, Gambling.com Group paid an initial $80 million to acquire Odds Holdings. An additional $80 million is due dependent on the performance of OddsJam and other brands through the end of 2026.
The flagship brand of Odds Holding, OddsJam, delivers real-time betting odds information to users via a consumer-facing website and app. Odds Holding, under a separately managed company, also provides low-latency odds data to enterprise clients.
“The Odds Holdings platform, powered by state-of-the-art technology for real-time odds data, strengthens the company’s position as a leader in the global online gambling ecosystem,” Gambling.com Group said. The platform processes over one million requests per second and multiple terabytes of data on average daily, across nearly 300 sportsbooks.
Original article: https://www.yogonet.com/international/news/2025/01/03/90530-gamblingcom-group-completes-purchase-of-oddsjam-parent-company
