New Jersey's Oscars offer is a first for legal sportsbooks in the United States.

By Alaa Abdeldaiem
February 02, 2019

New Jersey regulators have taken Academy Awards odds of the board, according to Legal Sports Report.

Sources told Legal Sports Report that the NJ Department of Gaming Enforcement told operators to pull their Oscars odds from their apps.

On Thursday, regulators in New Jersey said the state's sportsbooks could allow betting on the Academy Awards. The New Jersey Division of Gaming Enforcement (DGE) informed the state's new licensed bookmakers this week that they would be permitted to take action on the Oscars, which take place on Feb. 24.

It would have been the first time that legal betting on the Oscars would have taken place in the United States, as Nevada gaming regulations have prohibited Las Vegas sportsbooks from taking wagers on the Oscars. Sportsbooks were told they would be required to submit what wagers they plan to offer and what betting limits will be allowed to the DGE for approval.

The Netflix drama "Roma" is currently the odds-on favorite for best picture with bookmakers in the United Kingdom.

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