Jumbo Interactive has jumped into the US prize draw scene. The company has acquired Dream Giveaway in an all-cash deal. The move gives Jumbo a ready-made B2C foothold as “Jumbo Dream Giveaway” momentum builds in North America.
The purchase price is AUD 55.4m (USD 36 m) enterprise value, paid in upfront cash. Completion occurred on 30 October 2025 after all conditions were met. Customary adjustments and cash of AUD 2.5m took total upfront consideration to AUD 57.8m (USD 37.6m).
Funding came from AUD 20.9m of existing cash and AUD 36.9m drawn from Jumbo’s bank facility. Earlier this month, Jumbo upsized its committed facility with ANZ to AUD 120m, replacing a smaller mix of committed and uncommitted lines. The larger headroom supports both the UK Dream Car Giveaways and the US Dream Giveaway transactions.
Dream Giveaway (DG) is a B2C operator – founded in 2007 and acquired by AAVIN Private Equity in 2019 – focusing on high-value automotive prize draws under a charitable donation model. For the 12 months to 31 July 2025 it generated AUD 27.1m TTV (Total Transaction Value), AUD 21.6m revenue and AUD 7.1m adjusted EBITDA. On that base, the deal implies ~7.8x adjusted EBITDA.
Management expects low-to-mid single-digit EPS accretion in the first year post-completion. For FY26, DG (USA) is expected to contribute USD 2.7m – USD 3m of underlying EBITDA over roughly eight months. This excludes an initial USD 0.4m – USD 0.6m strategic spend on digital marketing and groundwork to move onto the Jumbo Lottery Platform.
DG (USA) leadership stays in place and will report to Jumbo CEO Mike Veverka. “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,” Veverka said. Jumbo plans to apply its software and marketing to scale “Jumbo Dream Giveaway” and deepen ties with non-profit partners.
Please find more news here.
