2024-25 NFL MVP Odds: Mahomes Favored, Richardson on the Rise

The NFL season is still months away, but the odds for the 2024-25 NFL MVP award are already taking shape. As expected, Kansas City Chiefs quarterback Patrick Mahomes is the early favorite to claim the award for the third time in his career. After leading the Chiefs to a win in Super Bowl LVIII, Mahomes opened as the early favorite to be the MVP of the 2024-25 season at +600. Over two months later, his odds are even lower, as he now sits at +475 to win the award.

The NFL MVP award is one of the most prestigious individual honors in the league.

Right behind Mahomes is Buffalo Bills quarterback Josh Allen at +800. Allen has consistently been one of the top quarterbacks in the league, and his odds reflect his strong performance on the field.

“The NFL MVP award is one of the most prestigious individual honors in the league.” - NFL

Surprisingly, reigning MVP Lamar Jackson of the Baltimore Ravens is fifth at +1400. In front of Jackson are Texans QB CJ Stroud and Cincinnati QB Joe Burrow, at +850 and +900, respectively.

Lamar Jackson is looking to repeat as NFL MVP.

One young quarterback has made a slight jump up the oddsboard. After opening at +3500, Indianapolis Colts QB Anthony Richardson’s odds to win MVP have risen to +3000. Richardson threw for 577 yards, ran for another 136, and totaled seven touchdowns in the four games he started. He exited two of those four games early with injury, including a season-ending shoulder injury in Week 5 of his rookie campaign.

Anthony Richardson is making a strong case for NFL MVP.

Let’s take a full look at the updated MVP betting board at DraftKings Sportsbook as of June 13.

The NFL MVP betting board is constantly changing, but one thing is for sure - it’s going to be a competitive season.