Jumbo Interactive Expands into the US Market with $36 Million Dream Giveaway Acquisition
Jumbo Interactive Enters the US Market
Australian digital lottery specialist Jumbo Interactive has announced the completion of its AUD 55.4 million (approximately $36.3 million) acquisition of Dream Giveaway, a prominent US prize draw company. This strategic move marks Jumbo’s entry into the American lottery market, tapping into the increasing interest in lottery offerings across the United States.
Details of the Acquisition
The acquisition was finalized on October 30, allowing Jumbo Interactive to officially establish its presence in the US. Dream Giveaway has built a strong reputation in the charity fundraising arena, making it an ideal partner for Jumbo to quickly gain market traction in America.
The purchase was financed through a combination of AUD 20.9 million (about $13.7 million) in cash and AUD 36.9 million (around $24.2 million) in debt. Including additional costs of AUD 2.5 million (about $1.6 million), the total cash outlay for the deal reached AUD 57.8 million (close to $37.8 million).
Jumbo expressed strong confidence in Dream Giveaway’s financial performance, highlighting that the company recorded AUD 27.1 million ($17.8 million) in total transaction value, AUD 21.6 million ($14.1 million) in revenue, and AUD 7.1 million ($4.7 million) in adjusted EBITDA for the 12 months ending July 31, 2025. The acquisition price reflects an EBITDA multiple of roughly 7.8 times.
Looking Forward: Growth and Leadership Continuity
Jumbo Interactive plans to maintain Dream Giveaway’s existing management team, with CEO Ryan Maturski continuing to lead the company. This decision indicates Jumbo’s confidence in the current leadership and strategy of Dream Giveaway.
Mike Veverka, Managing Director of Jumbo Interactive, commented that the acquisition allows the company to enter the US market through a well-established and profitable operator. He emphasized that Jumbo’s expertise in software and over 25 years of digital marketing experience will help accelerate Dream Giveaway’s growth.
“Jumbo can accelerate the business with its software platform and 25 years of digital marketing expertise.”
Mike Veverka, Managing Director, Jumbo Interactive
Jumbo anticipates that the newly acquired US operation will generate earnings before interest, taxes, depreciation, and amortization (EBITDA) of up to $3 million.
Ryan Maturski expressed optimism about the partnership, recognizing the remarkable growth that Dream Giveaway has achieved and trusting that Jumbo’s experienced management will support the company in reaching the next stage of expansion.
Further Expansion in the UK
Alongside its US venture, Jumbo Interactive has also recently expanded its footprint in the United Kingdom. The company acquired Dream Car Giveaways, a prize draw operator known for awarding over GBP 155 million in prizes to more than 135,000 winners since it began operating.
