Fox Corporation CEO Lachlan Murdoch said the media giant is moving forward on plans to exercise its option to hold an 18.6% stake in sports betting leader FanDuel.

In an appearance at the Goldman Sachs Communacopia and Technology Conference on Tuesday, Murdoch said Flutter Entertainment’s FanDuel is worth about $35 billion, which means that Fox’s potential stake is worth about $6.5 billion on the open market compared to the $4.3 billion Fox estimated it will need to dish out to activate the stake that was originally secured through the company’s ownership position in The Stars Group.

A potential obstacle for Fox in securing the FanDuel stake is that it must be licensed as a gaming operator. On that point, Murdoch said the company is actively working with state legislators. “We’re not going to leave $2 billion on the table,” he stated.