Don’t look now, but sports betting in Tennessee has now collected more than $1 billion in wagers since the industry launched in November, even as wagers slowed down in April. Now with $1.1 billion in six months, the Volunteer State became the quickest legal sports jurisdiction to reach the $1 billion milestone in U.S. history, according to PlayTenn, which tracks the Tennessee gaming market. “With an online-only launch during the NFL season and at the beginning of a month, Tennessee kicked off its sports betting industry under nearly perfect circumstances,” said Nicole Russo, analyst for PlayTenn.com. “The circumstances gave the…

Don’t look now, but another state has an eye on gambling. Tennessee sports betting has jumped onto the radar in the form of the Tennessee Sports Gaming Act. When the Supreme Court of the United States struck down the federal betting sports ban last year, all experts expected a torrent of state legislation to follow. Tennessee is proving them right, with a new proposed bill in the works. “Local Memphis” reports the Tennessee Sports Gaming Act will give local governments the right to decide if they want sports betting locations in their area. If approved, local communities could “then petition…

Tennessee became the third state to regulate fantasy sports as an industry when Gov. Bill Haslam signed a bill into law on Wednesday. Tennessee joins Indiana and Virginia as state governments that have passed regulations overseeing DFS this year. Massachusetts Attorney General Maura Healey also enacted DFS regulations this year. Tennessee becomes the first state where a negative attorney opinion about the legality of daily fantasy sports was rendered moot by the legislature. AG Herbert Slatery earlier this month opined that operating DFS contests constituted illegal gambling under Tennessee law, previously. Neither DraftKings nor FanDuel had announced that it would…