And the Oscar goes to ... you'll be able to bet on it this year in New Jersey.
New Jersey Division of Gaming Enforcement (DGE) informed the state's new licensed bookmakers this week that they will be permitted to offer bets on the Academy Awards, a first for legal sportsbooks in the United States.
The news was first reported by LegalSportsReport.com.
Nevada gaming regulations prohibit Las Vegas sportsbooks from taking wagers on the Oscars, but the awards show has been a very popular event to bet at offshore and international sportsbooks for years.
More than a dozen legal sportsbooks have opened in New Jersey since last May, when the U.S. Supreme Court struck down a federal statute that had restricted state-authorized sports betting to primarily Nevada. In their first months of operation, Garden State bookmakers said they routinely received requests from customers wanting betting odds on the Oscars. The DGE has granted their wish.
Sportsbooks will be required to submit what wagers they plan to offer and what betting limits will be allowed to the DGE for approval.
"After numerous requests from New Jersey customers on the availability of Oscars betting, we're thrilled the DGE has authorized pre-event betting markets to be provided for this year's event," Matthew Primeaux, senior vice president of strategy and operations for The Stars Group, which operates an online sportsbook in New Jersey, told ESPN.
The Oscars will be broadcast live Feb. 24, on ABC. The Netflix drama "Roma" is the odds-on favorite for best picture at 8-11 with bookmakers in the United Kingdom.
The Academy did not immediately respond to a request for comment.