As Tennessee approaches its first full year of legalized sports betting, the state is nearing $2 billion in wagers placed.

According to a report from the Tennessee Education Lottery, the $1.7 billion in wages placed have generated $156.6 million in sports book revenue and $28.8 million in taxes for the state.

Tennessee also reached $1 billion in online sports wagers the most quickly. Only eight states generated more than $100 million in sports bets during their first six months, and New Jersey ($928,134,172) was the only other state to come close to the $1 billion threshold.

“Tennessee is only beginning to scratch the surface of its potential,” PlayTenn.com analyst Nicole Russo said. “Its roster of operators is growing, and its online-forward design is appealing.