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August 17, 2019, GMT+0000, 11:49 am
News Regulation

New Jersey Offers Betting on the Oscars

On Wednesday, January 30th, New Jersey makes the first move that allows US players to finally place bets on the Academy Awards. In the past, players could only bet on certain non-sporting events such as politics and the Academy Awards, but now the Oscars are added.

This move is the result of years of people sending emails daily begging the New Jersey Division of Gaming Enforcement (DGE) to make betting on the Oscars legal. So the DGE decided to grant the approval to licensed bookmakers to starts accepting bets.

This move comes several months after the major Supreme Court decision that restricted sports betting got unratified in the federal courts, putting the responsibility in each state’s hands. New Jersey already had some liberal laws in place that allowed in-person sports betting, but this decision takes things further. 

Surprisingly, states like Nevada, one of the first that offered legal sports betting, does not allow wagering on the Awards. Because sports betting and betting on the Oscars were illegal in many states around the US, players sought out international markets for the chance to bet on the events there.

Players can start making their bets at more than a dozen licensed casinos in New Jersey before February 24th – the date when the Oscars will air on ABC. Some US websites have the odds for the movies that will most likely win awards.   

Some categories on which players can place wagers: 

  • Best Picture 
  • Best Actor 
  • Best Actress 
  • Best Supporting Actress 
  • Best Supporting Actor 
  • Best Director 

Some of the Best Picture nominees for 2019: 

  • Black Panther 
  • Green Book 
  • Vice 
  • Star is Born 
  • The Favourite 
  • BlacKkKlansman 
  • Bohemian Rhapsody 
  • Roma 

This is a step in the right direction for betting on non-sport events in New Jersey. Draftkings offered this option just for fun, as the director Johnny Avello so eloquently puts it, “entertainment purposes.” Now, players can enjoy the real thing. Good work, New Jersey! 

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