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Please note: On April 12, the Michigan Gaming Control Board authorized betting on the Academy Awards, and DraftKings has now provided odds. To learn more about this approval and the new betting options available, click here. The original article follows below.
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As the athletic calendar slows down during the summer, sports betting operators are actively seeking methods to engage customers and generate activity. And what better way to do so than by introducing 2021 Oscars odds?
This weekend’s Masters tournament is expected to provide a welcomed boost. The NBA playoffs are set to captivate audiences, while the Stanley Cup playoffs hold promising potential to thrive in Michigan compared to other states.
The greater the number of gambling events, the more favorable it is, especially in the emerging Michigan market which holds significant importance for the industry.
Is it possible for Michigan to be the third state to permit betting on the Academy Awards before the April 25 show?
In early April, the chances of it happening seemed less likely, and here’s the reason behind it.
Will Michigan follow New Jersey’s lead for Oscars betting?
Since 2019, people in New Jersey have been able to place bets on the Academy Awards, thanks to DraftKings. This year, DraftKings remains the sole operator offering odds on the event in the state.
Markets were also offered by Indiana last year.
It is possible for Michigan to include Oscars betting as the Michigan Gaming Control Board has derived many of their rules from similar references.
Despite the current week, no operators have yet expressed their desire to be added to the MGCB sports wagering catalog. Nevertheless, according to spokesperson Mary Kay Bean, there is no requirement for any legislative modifications to accept bets.
How do new betting markets get added in Michigan?
In Michigan, the process of accepting wagers starts when an operator initiates a request for a specific sport or market.
Afterwards, the request would be assessed by the Michigan Gaming Control Board.
Examples of sports and leagues that are currently awaiting review include the American Cornhole League and UEFA Women’s Champions League soccer.
On March 18, the MGCB granted approval for the Drone Racing League bets.
The 2021 Oscars don’t have the sizzle of past years
It remains uncertain whether Oscars bets will be offered later this month, but it might be advisable to skip them this year.
Due to the closure of movie theaters for a significant part of 2020, the excitement leading up to this year’s award season has noticeably diminished.
More details regarding the absence of 2021 buzz are provided by Jessica Welman from PlayNJ.com.
There are 22 categories listed on the board in New Jersey, with Best Picture being one of them.
These are the odds as of Thursday afternoon:
- Nomadland: negative 500
- The Trial of the Chicago 7 received a rating of +650.
- The movie “Promising Young Woman” has received a positive rating of +1200.
- The numerical value for Minari is +1200.
- The film “Judas and the Black Messiah” has a runtime of over 2500 seconds.
- Mank’s score is 2500.
- The film “Sound of Metal” has a rating of +5000.
- The father’s score is +8000.
At present, it remains uncertain whether you will be granted permission to attend the Oscars airing on ABC later this month.
Approval for the 2021 Oscars odds market must be granted soon, assuming it is to take place.
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