2024 NBA Championship Odds: Denver Nuggets Are Favorites to Repeat

Check out the 2024 NBA championship odds with lines for all 30 team's chances to win the title next season.

In a closeout Game 5 that had big swings from both teams, the Denver Nuggets landed the final blow to put the Miami Heat away and win their first NBA championship in franchise history.

The Nuggets entered training camp with +1900 betting odds to win the title, just behind the Los Angeles Lakers (+1800) and just ahead of the Miami Heat (+2000). While the champagne is still flowing after the win, the odds for next season’s NBA champion are already available to bet.

Check out the full 2024 NBA title odds list below.

2024 NBA Title Odds

Team Odds
Nuggets +450
Celtics +550
Bucks +650
Suns +850
Lakers +1200
Warriors +1200
76ers +1300
Mavericks +1700
Clippers +1700
Heat +1800
Grizzlies +2200
Cavaliers +2500
Pelicans +3500
Kings +5000
Knicks +5000
Hawks +6000
Timberwolves +7000
Raptors +8000
Nets +9000
Thunder +10000
Trail Blazers +12000
Bulls +15000
Pacers +15000
Spurs +20000
Jazz +30000
Wizards +30000
Magic +30000
Rockets +35000
Pistons +50000
Hornets +60000
Odds are according to DraftKings as of June 16.

The Nuggets, fresh off their first NBA Finals win, are the favorites to repeat as champions in 2024. They have the two-time league MVP in Nikola Jokic, who added a Bill Russell Finals MVP trophy to his case, and arguably the most dangerous offense in the NBA. Despite their dominant play in the Finals, the Nuggets are only slightly ahead of the next team on the oddsboard.

The Boston Celtics have the second-shortest odds to win the NBA title, ahead of the team that beat them in the Eastern Conference finals and the team that finished ahead of them in the regular season standings.

The team that finished No. 1 in the East, the Milwaukee Bucks, are third on the list, one spot ahead of the Phoenix Suns, who were the favorites in the Western Conference entering the NBA Playoffs.

As for the team that lost the NBA Finals? The Heat are +1800 to win the title, falling below the Dallas Mavericks (+1700), who failed to make the NBA Playoffs this season.