Indiana Gaming Commission gives green light to Oscars betting for first time in history. The winners of the Oscars will be announced on February 9. The state of Indiana, United States, approved sports betting in the summer of 2019 with the aim of expanding the game in the territory. In this way, for a few months it has been totally legal for sports bets to be made both online and for retailers.
Based on the regulations, the inhabitants of said state will be able to place their bets in the 24 categories of the Academy Awards, among which are: Best Film, Best Director, Best Actor, Best Actress, Best Supporting Actor and Best Supporting Actress. The maximum bet that can be made is $ 1,000.
Thanks to this bill, some sports betting venues have already been opened in Indiana. The first stores were opened during the month of September 2019, while the first mobile applications had to wait until November to see the light.
New Jersey and Indiana: yes, you can bet on the Oscars
Of the 50 states that make up the United States, only two of them are allowed to bet on the Oscars, New Jersy and Indiana. There are currently 14 states where sports betting is legal. In the case of New Jersey, users can bet from 2019. The Supreme Court decreed a federal ban related to the game of sports activities in 2018 . In 2019, about $ 1 million was generated in bets related to the Oscars.
However, bets were only accepted in the main categories, Best Movie, Best Director, Best Actor, Best Actress, Best Supporting Actor and Best Supporting Actress. Indiana Gaming Commission gives green light to Oscars betting. We will have to wait until February 9 to know the winners of the Academy Awards and know exactly the volume of business generated by bets related to these awards in the state of Indiana for the first time in history.