Jumbo Interactive, a major player in the global lottery and charity fundraising sector, has successfully executed its entry into the US prize draw market with the acquisition of Dream Giveaway for AU55.4million (approximately US 36 million).
This significant move underscores Jumbo’s clear strategic commitment to diversifying its revenue streams through robust B2C segments, following its earlier acquisition of Dream Car Giveaways in the UK for AU$109.9 million.
The completion of the Dream Giveaway acquisition, finalized on Thursday, October 30, was managed through Jumbo’s newly created US subsidiary, Jumbo Interactive USA.
This provides the Australian company with an immediate and well-established presence in the lucrative US market. Dream Giveaway, which offers highly desirable prizes such as high-value vehicles, has demonstrated a consistent track record of profitability and brand recognition, making it an ideal entry point for Jumbo.
For the 12 months ending July 31, 2025, Dream Giveaway reported impressive financials, generating US14 million in revenue and US4.6 million in adjusted EBITDA.
Jumbo will fund the acquisition through a combination of AU20.9million (US13.6 million) in cash reserves and the draw down of AU36.9million (US24 million) in debt. A key part of the integration strategy is to leverage Jumbo’s extensive technical and digital expertise to accelerate the acquired business’s growth.
By applying its proven software platform and 25 years of digital marketing experience, Jumbo aims to enhance Dream Giveaway’s operations and scale its market reach.
Importantly, Ryan Maturski, the current CEO of Dream Giveaway USA, will remain in his role, reporting directly to Jumbo’s managing director, CEO, and founder, ensuring continuity and leveraging valuable local leadership.
This acquisition marks a confident step in Jumbo’s international expansion and diversification strategy.
Mike Veverka, Jumbo Managing Director, CEO and Founder:
“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.”
Ryan Maturski, Dream Giveaway USA CEO:
“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.”
