Jumbo Interactive Sets Sail for America with $36M Dream Giveaway Acquisition

Australian iLottery expert Jumbo Interactive announced the completion of its AUD 55.4 million ($36.3 million) acquisition of US prize draw company Dream Giveaway. This will allow the former business to make a foray into the US, capitalizing on the growing demand for lottery products.

Jumbo Penetrates the US Market

The deal was closed on October 30, allowing Jumbo to finally tackle the US market. Dream Giveaway, which has established itself as a leading force in the charity fundraising sector, will allow the Australian digital lottery specialist to make quick strides and establish a strong foothold in America.  

According to Jumbo Interactive, the transaction was funded through a combination of AUD 20.9 million ($13.7 million) in cash and AUD 36.9 million ($24.2 million) in debt. Additional expenses of AUD 2.5 million ($1.6 million) brought the total cash value of the deal to AUD 57.8 million ($37.8 million).

Jumbo Interactive expressed confidence in Dream Giveaway’s performance, saying that the business generated 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 in the 12 months ended July 31, 2025. Jumbo added that this adjusted EBITDA figure translates to an acquisition multiple of roughly 7.8x.

A New Phase of Growth Awaits

In its announcement, Jumbo said that it plans no major changes to Dream Giveaway’s management team. The former company confirmed that Dream Giveaway’s CEO, Ryan Maturski, will retain his position.

Mike Veverka, Jumbo Interactive’s managing director, commented on the transaction, saying that it will allow his team to enter the USA via a well-established and profitable operator with a strong track record.

Jumbo can accelerate the business with its software platform and 25 years of digital marketing expertise.

Mike Veverka, MD, Jumbo Interactive

Speaking of acceleration, Jumbo expects its new US-facing business to deliver EBITDA of up to $3 million.

Maturski was likewise pleased with the arrangement, saying that it recognizes Dream Giveaway’s spectacular growth. The managing director expressed confidence that Jumbo’s experienced management will help his team achieve “the next level of growth.”

In the meantime, Jumbo just expanded its presence in the UK as well by acquiring Dream Car Giveaways, a prize draw provider that has awarded over GBP 155 million in prizes to more than 135,000 winners since its inception.