The Tennessee Sports Gaming Act was introduced on November 7th by State Rep. Rick Staples. The bill would authorize sports betting in the Volunteer State. This bill would allow adults 21 years or older who are physically located within a jurisdiction that has approved sports wagering by referendum to place sports bets in Tennessee. The Act would tax sports betting at a 10 percent rate. It would create a Tennessee gaming commission consisting of nine members to “supervise compliance with laws and rules relating to the regulation and control of wagering on sporting events in this state” and applicants would…