The 2022 Oscar winners will be announced on Sunday, March 27. Moviegoers can legally bet on the outcome of up to 23 Oscar categories this year at betting sites in four states.
Legal betting on the Oscars is a relatively new phenomenon in the betting markets in the United States. It was first licensed in 2019 in New Jersey. Indiana opened Oscar betting markets in 2020. Michigan was added in 2021. This year, Louisiana becomes the fourth state with sanctioned Oscar betting.
The 2022 Academy Awards will be hosted by Amy Schumer, Wanda Sykes and Regina Hall. It airs live at 8 p.m. ET on ABC. The network’s telecast has been revamped, with several creative categories being rewarded during a “pre-show” that begins at 7 p.m. ET. These awards will be presented in a compressed tape format during the live stream. Ratings hit an all-time low in 2021 since they were first measured in 1974, falling 56% from their 2020 lows.
BETTING OSCAR GUIDE: Oscars 2022 odds and predictions
the Academy of Motion Picture Arts and Sciences again this year, it was not necessary for the nominated films to be screened in theatres. “The Power Of The Dog” was produced and released via Netflix. It is the betting favorite to win Best Picture and leads all films with 12 nominations.
The dark, brotherly drama is priced at -140 at FanDuel and -150 at BetMGM. It was as high as -285 at DraftKings in recent weeks.
The prize on “CODA” to win Best Picture continues to rise. The film about a child of deaf parents is +140 at DraftKings to win Best Picture. It used to be as high as +2000 but rose to +1000 after his “Overall” win at the Screen Actors Guild Awards. It continues to grow in popularity as voting among the Academy’s more than 9,000 members closes.
Where to bet on the Oscars in 2022?
Oscars betting is limited to moneyline action. At FanDuel, the amount wagered on each category is limited to a maximum bet of $1,000. Other sites traditionally limit Oscars action but did not disclose any limits this year.
2022 Oscars Betting Breakdown, State by State
Here’s the state-by-state breakdown of where people over 21 can legally bet on the Oscars in the United States, the major sportsbooks operating in each state, and the first year betting was allowed.
|State||1st year||sport bets|
|New Jersey||2019||DraftKings, Caesars Sportsbook, BetMGM, bet365, FanDuel, PointsBet|
|Indiana||2020||DraftKings, BetMGM, Caesars, PointsBet|
|Michigan||2021||DraftKings, BetMGM, Caesars|
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DraftKings and BetMGM offer odds on 23 different Oscars categories, while PointsBet and bet365 act on 22. Other betting sites and apps offer less. WynnBET is not taking bets on the Oscars this year.
Where is betting on the Oscars banned in 2022?
Betting on the Oscars is even more the exception than the rule in states where sports betting is legal. Some states have simply chosen not to establish Oscar betting markets. Others have outright banned them.
Pennsylvania limits sports betting to professional or collegiate sporting events. That means don’t bet on politics or award shows like the Oscars. This also applies in Illinois, where betting is also restricted to sports competitions.
In Virginia, for example, there is no specific ban on betting on events like the Oscars, but they are also not legal. The Virginia Lottery is expected to approve betting on the Oscars there. The same goes for Iowa, where betting on political events and elections is specifically prohibited. Hawkeye State has yet to enact regulations to facilitate Oscar betting.
Meanwhile, Nevada has yet to approve live action on anything unrelated to live sports without a predetermined outcome. This is unlikely to change.