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Mississippi needs mobile sports betting

Jump Sports Betting Mark Lipparelli, Guest Columnist Published 10:15 a.m. CT Sept. 7, 2018 David Tsai, president and COO of Gold Strike Casino, speaks during the opening of legal sports betting in Mississippi. Memphis Commercial Appeal Gold Strike Casino VIPs glance over digital sports betting boards during a grand opening celebration of sports betting in Tunica. (Photo: Mark Weber, The Commercial Appeal) Estimates of the illegal sports betting market in the U.S. range anywhere from $60 to $400 billion a year, creating massive potential for states interested in generating tax revenue from a new, legalized betting market.

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FanDuel, however, spent time to design the app and make it more appealing to an American demographic. “It was about putting egos aside and creating the best product we could develop with both of our skill sets,” Bonaddio said. Rival DraftKings debuted its sports betting platform an entire month before FanDuel. Bonaddio explained that the process has taken longer than he wanted, but FanDuel was deliberate in working closely with regulators while developing the app. “If regulators say, ‘Jump,’ we say, ‘How high? We could’ve taken the approach of doing first and asking for forgiveness later, but it’s just not worth it for us to do that,” he said. The sentiment was echoed by FanDuel CEO Matt King who told Fortune that his company treads carefully when it comes to regulation. “We’ve always taken a more conservative approach to the point where we deliberately didn’t innovate in certain areas because we weren’t sure if it would be deemed acceptable,” he said. On the eve of the NFL season kickoff, FanDuel is ramping up to launch its sports betting offering.

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