Arctic Monkeys

The Arctic Monkeys, Amy Winehouse and Dizzee Rascal are among the nominees vying for this year's Nationwide Mercury Prize, NME reports.

The Monkeys are looking to become the first band to win the award twice with their latest album, "Favourite Worst Nightmare." They took home the '06 honours with last year's "Whatever People Say I Am, That's What I'm Not."

Bookmakers have already listed the Sheffield foursome as 4-1 joint favourites along with Amy Winehouse for her chart-topping album "Back to Black."

Other nominees for the British music award, styled after literature's Pulitzer Prize, include the Klaxons, Maps, The View, Jamie T, Bat For Lashes, Young Knives, Fionn Regan, New Young Pony Club and Basquiat Strings.

Albums in the running for this year must have been released between July 18, 2006 and July 9, 2007. All musical genres are eligible.

The winner will be announced on September 4.

Here's the full list of nominees:

Arctic Monkeys -- "Favourite Worst Nightmare"
Amy Winehouse -- "Back to Black"
Klaxons -- "Myths of the Near Future"
Dizzee Rascal -- "Maths & English"
The View -- "Hats Off to the Buskers"
Jamie T -- "Panic Prevention"
Bat For Lashes -- "Fur and Gold"
Maps -- "We Can Create"
Young Knives -- "Voices of Animals And Men"
Fionn Regan -- "The End of History"
New Young Pony Club -- "Fantastic Playroom"
Basquiat Strings -- "Basquiat Strings"

Here is a list of previous Nationwide Mercury Prize winners:

1992 Primal Scream
1993 Suede
1994 M People
1995 Portishead
1996 Pulp
1997 Roni Size & Reprazent
1998 Gomez
1999 Talvin Singh
2000 Badly Drawn Boy
2001 PJ Harvey
2002 Ms. Dynamite
2003 Dizzee Rascal
2004 Franz Ferdinand
2005 Antony and the Johnsons
2006 Arctic Monkeys