Gambling.com Group has announced a definitive agreement to acquire Odds Holdings, the parent company of OddsJam. Under the terms, Odds Holdings shareholders will receive initial consideration of $80m, potentially rising by a further $80m based on business performance through until the end of 2026.
Gambling.com believes the odds platform is the industry’s most advanced and delivers data to end-users with the lowest latency. The platform is built for scale, processing on average over one million requests per second and multiple terabytes of data per day, across nearly 300 sportsbooks.
OddsJam is the flagship brand offering premium, real-time odds information to empower sports bettors to make data-driven bets through a consumer facing website and app. Under a separately managed company, Odds Holdings also provides low latency, comprehensive odds data.
Closing is expected on January 1st, 2025 subject to customary closing conditions, with the Odds Holdings team, including OddsJam founders Ankit Goyal and Alex Monahan as well as CEO, Matt Restivo, joining Gambling.com Group.
Charles Gillespie, Gambling.com Group co-founder and CEO, says: “The 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.”
Matt Restivo, Odds Holdings CEO, adds: “Combining with a tech-focused leader in the global online gambling industry like Gambling.com Group is the natural next step for Odds Holdings.
“By leveraging Gambling.com Group’s expertise, innovation and resources we will be optimally positioned to scale our technology and data-driven insights to reach an even larger audience of online bettors, including beyond the North American market.”
