| Year | Festival | Category | Winner | Result |
|---|---|---|---|---|
| 2005 | Oscars | Best Supporting Actress | Cate Blanchett | Winner |
| 2005 | BAFTA | Best Supporting Actress | Cate Blanchett | Winner |
| 2005 | Golden Globes | Best Actor - Drama | Leonardo DiCaprio | Winner |
| 2005 | Oscars | Best Picture | Michael Mann | Nominated |
| 2005 | Oscars | Best Supporting Actor | Alan Alda | Nominated |
| 2005 | SAG Awards | Outstanding Performance by a Male Actor in a Leading Role | Leonardo DiCaprio | Nominated |
| 2005 | Oscars | Best Actor | Leonardo DiCaprio | Nominated |
| 2005 | BAFTA | Best Leading Actor | Leonardo DiCaprio | Nominated |
| 2005 | Oscars | Best Director | Martin Scorsese | Nominated |