B2C US-facing prize draw brand Dream Giveaway USA (DG) has been officially acquired by Jumbo Interactive as part of a merger that marks the Australian lottery provider's debut in the US prize draw sector.
Indeed, this deal has now closed following the satisfaction of necessary and relevant regulatory conditions, with Jumbo set to take over DG USA for approximately AU$55.4 (US$36m). During the 12 months ending 31 July 2025, DG USA generated a revenue figure of AU$21.6m and adjusted EBITDA of AU$7.1m.
Structurally, the present DG USA executive management team will remain unchanged, with the current CEO set to report directly to Mike Veverka - Managing Director, Founder and CEO of Jumbo Interactive.
Speaking on this latest deal, Veverka stated: "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."
Echoing this sentiment, DG USA CEO, Ryan Maturski, said: "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."
This latest development follows Jumbo Interactive's recent posting of its full-year 2024 financial results in August for the period ending 30 June 2024 - with the lottery provider underlining a 34.2% year-on-year revenue increase to AU$159.3m.
Jumbo also made its UK prize draw market entry this month via the additional acquisition of Dream Car Giveaways as part of a deal valued at AU$109.9m
