New Jersey is the First State to Allow Legal Bets on the Academy Awards

Starting this year, there are several apps that allow you to place a bet on major categories in the Academy Awards, if you place those bets in the state of New Jersey. New Jersey is officially the first state in the U.S. to allow legal wagering on an awards show.

The website playnj.com has a list of sportsbooks that are accepting wagers on the Oscars. Some only allow you to bet for Best Picture. Others are a bit broader. Just about all of them offer incentives to first-time betters. A story in northjersey.com says that some of these apps set a $500 limit on Academy-award betting, while wagers for sporting events can sometimes reach seven figures. And of course, you need to be 21 or older.

Here's the full story in NorthJersey.com.

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