The move sees Jumbo double down on its strategy to diversify revenue streams through B2C segments after the acquisition of Dream Car Giveaways in the UK for AU$109.9m (£53.9m).
Jumbo has facilitated its latest prize draw sector acquisition through a newly created US subsidiary, Jumbo Interactive USA, and completed the acquisition on Thursday, October 30.
Jumbo managing director, CEO and founder, Mike Veverka said: “The acquisition of Dream Giveaway USA provides Jumbo with an entry point into the US prize draw market via a well-established and profitable operator with a consistent track record of performance.
“Jumbo can accelerate the business with its software platform and 25 years of digital marketing expertise.”
“Dream Giveaway USA has successfully grown over the past seven years into a leading brand in the US prize draw market. Jumbo brings considerable digital expertise to help us achieve the next level of growth,” said Dream Giveaway USA CEO Ryan Maturski.
Jumbo will fund the acquisition through a combination of AU$20.9m (US$13.6m) in cash and the draw down of AU$36.9m (US$24m) in debt. For the 12 months to July 31, 2025, Dream Giveaway, which offers prizes such as cars, generated US$14m in revenue and $4.6m in adjusted EBITDA.
Maturski will remain in his role, reporting to Veverka.
https://www.intergameonline.com/igaming/news/jumbo-interactive-doubles-down-on-prize-draw-strategy-with-us-acquisition