Atlantic City Casinos Have Oscars Prop Bets for First Time
New Jersey will be the first US state to allow bettors to gamble on the results of the Academy Awards. For the first time, New Jersey residents will be able to make proposition bets on the 2019 Academy Awards through Atlantic City sportsbooks and sports betting apps.
Atlantic City sportsbook operators wanted to provide betting options for gamblers who are not sports fans, but who know about other entertainment and pop culture subjects. The Division of Gaming Enforcement therefore legalized Oscars prop bets.
Now bettors can wager on who will win individual Academy Awards from among the pool of nominees.
Mattias Stetz is the COO of Rush Street Interactive, the Chicago-based gaming group which owns PlaySugarHouse.com, a popular New Jersey online gaming site. Stetz said of the Academy Awards bets, “We have customers who aren’t huge sports fans, but enjoy playing games like bingo or roulette with us.”
The Rush Street executive added, “We believe a new audience may be fans of the Oscars and want to make their viewing experience even more exciting by placing a bet on their favorite movie.”
British Pop Culture Prop Bets
Prop bets on entertainment, politics, and other cultural events have been a mainstay of British bookmaker operations for decades. They have been illegal in the United States even in the few sports betting enclaves, though.
Along with the expansion of sports betting in general, the last few years have seen barriers fall to long-banned forms of sports betting. Wagers on eSports and the Olympics have become legal in the past several years.
Those advances were in Nevada, America’s traditional bastion of sports betting. After the US Supreme court struck down a federal sports betting ban in 46 states last year, states like New Jersey have begun to eliminate other legal obstacles to sports betting.
SugarHouse Oscars Prop Bets
At the moment, PlaySugarHouse has “Roma” as the odds-on favorite for Best Picture in 2019. “Roma” is the semi-autobiographical account of the childhood of writer, director, and producer Alfonso Cuaron, who grew up on Mexico City.
The film has 10 Oscar nominations, while winning a variety of awards: The Golden Globes (Best Director, Best Foreign Film), the Critics’ Choice Awards (Best Director, Best Picture), and the British Academy Film Awards (Best Film, Best Non-English Language Film, Best Direction, Best Cinematography).
While the Academy in years past has copped-out and given such foreign films the Best Foreign Picture Award, many believe new rules to make the Oscars more diverse and inclusive open the door for “Roma” to win Best Picture. Gamblers will have to determine whether this is the year the trends change or whether some other picture can pull off the upset.
The odds for the PlaySugarHouse prop bet for Best Picture are shown below.
2019 Oscars Bets – Best Picture
- Roma -335
- Green Book +450
- The Favourite +1200
- BlacKkKlansman +2500
- Black Panther +2500
- Bohemian Rhapsody +3000
- A Star is Born +4000
- Vice +8000
As readers can see, Roma is a huge favorite. Green Book, about a bigoted white who takes a job as a chauffeur for “Doc” Don Shirley, an African-American pianist on tour during the Segregation Era, has the next-best odds. The Favourite, a British period piece and dark comedy about court intrigue in the 18th Century, is next among the favorites.
Spike Lee’s BlacKkKlansman, about an African-American policeman and Jewish police detective teaming up to infiltrate the Ku Klux Klan, is tied with Black Panther with +2500 odds. Black Panther, of course, was the highest grossing picture last year, about the superhero ruler of the fictional African country of Wakanda. Both BlacKkKlansman and Black Panther are long shots, but have good odds for films that might ride a wave to victory.
The Oscars tend to confirm the decisions made at the Golden Globe Awards, though, so Roma remains the odds-on favorite. It should be noted that Roma won Best Foreign Film at the Golden Globes, though. Other Atlantic City casinos have posted a variety of Hollywood prop bets for this year’s Academy Awards, which take place on February 24 at 8pm EST.