{"id":97562,"date":"2019-02-01T03:00:16","date_gmt":"2019-02-01T11:00:16","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=97562"},"modified":"2019-01-31T16:18:36","modified_gmt":"2019-02-01T00:18:36","slug":"oscars-betting-approved-for-sportsbooks-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/oscars-betting-approved-for-sportsbooks-in-new-jersey\/","title":{"rendered":"Oscars Betting Approved for Sportsbooks in New Jersey by State Regulators"},"content":{"rendered":"

For the first time in the United States, gamblers will be able to place their bets on who will win at the Academy Awards, as New Jersey regulators have approved betting on the Oscars at sportsbooks in the state.<\/p>\n

\"Oscars
New Jersey sportsbooks can offer betting on the Oscars this year, with \u201cRoma,\u201d \u201cGreen Book,\u201d and \u201cThe Favourite\u201d considered the top contenders for Best Picture. (Images: Carlos Somonte, Patti Perret, Fox Searchlight)<\/figcaption><\/figure>\n

The decision to allow such bets, which was first reported by Jessica Welman of Legal Sports Report, was made by the New Jersey Division of Gaming Enforcement (DGE) on Tuesday.<\/p>\n

First Academy Awards Wagering in America<\/strong><\/h2>\n

An email from the DGE to bookmakers in the state stated that betting on the Academy Awards has been approved \u201cfor this year only,\u201d allowing sportsbook operators to start listing odds for the many honors that will be handed out on Feb. 24.<\/p>\n

\u201cPlease let me know if you intend to offer this event and, if so, what wagers you plan to offer and what limits you intend to place on the amounts of bets,\u201d read the DGE email.<\/p>\n

Oscars betting isn\u2019t offered in Nevada, making this the first time wagering on the Academy Awards<\/a> has been legal in the United States. However, it has long been a popular market for gamblers overseas, both with regulated European bookmakers and on offshore betting sites.<\/p>\n

Operators Quick to Capture Oscars Buzz<\/strong><\/h2>\n

After hearing the news, operators in New Jersey expressed excitement about being able to join their competitors across the globe in offering bets on one of the biggest entertainment events of the year.<\/p>\n

\u201cAfter numerous requests from New Jersey customers on the availability of Oscars betting, we\u2019re thrilled the DGE has authorized pre-event betting markets to be provided for this year\u2019s event,\u201d Stars Group senior vice president of strategy and operations Matthew Primeaux told ESPN.<\/p><\/blockquote>\n

On Thursday, online bookmaker PointsBet<\/a> had already posted odds for several major categories, setting a betting limit of $1,000 on each award.<\/p>\n

\u201cWe\u2019re thrilled to become the first US operator to offer betting on the Academy Awards,\u201d PointsBet US CEO Johnny Aitken said in a statement. \u201cThe Oscars are one of the biggest events on the annual viewing calendar and Oscars pools have long been incredibly popular, so giving users the opportunity to bet on who they think will win Best Picture or Best Actress will add yet another layer of excitement to the viewing experience.\u201d<\/p>\n

The Top Oscars Betting Markets<\/strong><\/h2>\n

Not all Oscars betting markets are created equal. In some categories, the winner is all but certain, which could make wagering on them a little less fun. But if some New Jersey bookmakers offer a deeper selection of categories to bet on, there are plenty of competitive races that could attract plenty of action.<\/p>\n

\n

Naturally, Best Picture should be the most popular betting market. According to William Hill, \u201cRoma\u201d (8\/11) is favored to take down the award. However, both \u201cGreen Book\u201d (7\/2) and \u201cThe Favourite\u201d (7\/1) are also considered contenders, and almost every film outside of \u201cVice\u201d (50\/1) could potentially go into the night of the awards with some chance of victory.<\/p>\n<\/div>\n

Best Actor is also a competitive race, even if there are only two true contenders. Rami Malek (4\/9) is the top choice for his depiction of Freddie Mercury in \u201cBohemian Rhapsody,\u201d but Christian Bale (7\/4) is right behind him after playing Dick Cheney in \u201cVice.\u201d<\/p>\n

For those willing to dive into the technical categories, Best Film Editing should also provide plenty of drama at the Oscars. \u201cThe Favourite\u201d is \u2013 appropriately \u2013 the favorite at 11\/10. But \u201cVice\u201d (11\/8) is given almost an equal chance of coming away with the prize, while \u201cBohemian Rhapsody\u201d (13\/2) is also very much in the race.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the first time in the United States, gamblers will be able to place their bets on who will win at the Academy Awards, as New Jersey regulators have approved betting on the Oscars at sportsbooks in the state. The decision to allow such bets, which was first reported by Jessica Welman of Legal Sports […]<\/p>\n","protected":false},"author":42,"featured_media":97563,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3313,13592,1074],"tags":[],"acf":[],"yoast_head":"\nOscars Betting Approved for Sportsbooks in New Jersey<\/title>\n<meta name=\"description\" content=\"The Oscars will be available for betting at New Jersey sportsbooks, though regulators have only given approval for this year\u2019s awards.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oscars Betting Approved for Sportsbooks in New Jersey\" \/>\n<meta property=\"og:description\" content=\"The Oscars will be available for betting at New Jersey sportsbooks, though regulators have only given approval for this year\u2019s awards.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/oscars-betting-approved-for-sportsbooks-in-new-jersey\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-01T11:00:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-01T00:18:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Oscars-Betting.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"396\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/oscars-betting-approved-for-sportsbooks-in-new-jersey\/\",\"url\":\"https:\/\/www.casino.org\/news\/oscars-betting-approved-for-sportsbooks-in-new-jersey\/\",\"name\":\"Oscars Betting Approved for Sportsbooks in New Jersey\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/oscars-betting-approved-for-sportsbooks-in-new-jersey\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/oscars-betting-approved-for-sportsbooks-in-new-jersey\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Oscars-Betting.jpg\",\"datePublished\":\"2019-02-01T11:00:16+00:00\",\"dateModified\":\"2019-02-01T00:18:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"The Oscars will be available for betting at New Jersey sportsbooks, though regulators have only given approval for this year\u2019s awards.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/oscars-betting-approved-for-sportsbooks-in-new-jersey\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/oscars-betting-approved-for-sportsbooks-in-new-jersey\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/oscars-betting-approved-for-sportsbooks-in-new-jersey\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Oscars-Betting.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Oscars-Betting.jpg\",\"width\":1200,\"height\":396,\"caption\":\"New Jersey sportsbooks can offer betting on the Oscars this year, with \u201cRoma,\u201d \u201cGreen Book,\u201d and \u201cThe Favourite\u201d considered the top contenders for Best Picture. 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