I looked at some of the nominees. Of the main GOTY category, I have played two (FF7 Rebirth and Astro Bot). Both excellent games that deserve the praise. I'm hearing great things about Balatro as well and will hopefully play that soon. I haven't played enough games to be able to judge where I would put Veilguard.
Putting aside Veilguard and speaking of the Game Awards in general: I value game awards as much as the Grammys. Like music, Games are too diverse to reasonably compare them. Games also have the added difficulty of being a major time investment, which results in games without mainstream reach being overlooked for awards. (See for instance: Among Us not being recognized until streamers dragged it out of obscurity.) So in short: Regardless of whether I ever agree with the nominations or not, I never put a lot of stock in game awards because the focus is too narrow.
At least we're at a better spot than the days of the Spike VGAs, when the performer of the year nominees went to movie actors reprising their roles in video game tie-ins, like in 2009 when Megan Fox and Hugh Jackman won best female and male actor for Wolverine and Transformers respectively.