| Academy Award Nominations: | |
| Best Actor: Jack Nicholson | |
| Best Supporting Actress: Kathy Bates | |
| Golden Globe Nominations and Winners: | |
| Best Picture (Drama) | |
| Best Director: Alexander Payne | |
| ✓ | Best Actor (Drama): Jack Nicholson |
| Best Supporting Actress: Kathy Bates | |
| ✓ | Best Screenplay: Alexander Payne & Jim Taylor |
| Other Awards: | |
| Los Angeles Film Critics Association: Best Picture; Best Actor (Nicholson; tie); Best Screenplay | |
| National Board of Review: Best Supporting Actress (Bates) | |
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