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Gaming

There’s A New Acquisition In The World Of Sports Betting

December 12, 2024
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Gambling Group Odds Holdings
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The business of sports betting continues to get bigger and bigger. And now, there’s a new acquisition from a publicly traded company.

‍What’s happening:‍

  • Gambling.com Group (NASDAQ: GAMB) has announced they will acquire Odds Holdings for up to $160M USD

Why it matters:‍

  • Odds Holdings is the parent company of OddsJam which is one of the leading technology platforms for providing real time odds data for sports betting

By the numbers:‍

  • Gambling.com Group will pay $80M USD up front to buy Odds Holdings, with another $80M USD in potential milestone payments over the next 24 months
  • OddsJam’s platform currently processes 1M requests per second across 300 different sports books

Going deeper:‍

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