New Jersey sportsbooks will be allowed to have legalized wagering on the Academy Awards.
It will be the first time that legal betting on the Oscars will take place in the United States. Nevada, despite having legal wagering for decades, has never taken action on the Oscars.
The year’s Academy Awards will be held on Sunday, Feb. 24.
No sportsbooks have posted lines on the Oscars yet, but the likelihood is books will only offer odds on the more popular categories, such as Best Picture, Best Director, and the acting categories.
Johnny Avello, the former race and sports director at Bally’s and later, Wynn Las Vegas, has annually put up odds for entertainment purposes only. Avello, currently the director of operations for DraftKings, will get to use his expertise for real for the first time.
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