The opening tipoff was batted to Hield, who caught it behind the arc, turned and shot. The ball went through with 11:57 remaining in the first quarter, with Pacers center Myles Turner being credited with an assist.
ESPN Stats & Info said the previous fastest 3-pointer in an NBA game was by Pacers Hall of Famer Reggie Miller, who made one four seconds into a game against Golden State on March 5, 2000.
Play-by-play has been recorded in the NBA since the 1996-97 season.
Hield leads the NBA in total 3-pointers made this season.
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The Associated Press