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Patrick Mahomes #15 of the Kansas City Chiefs hugs Josh Allen #17 of the Buffalo Bills as we look at the 2024-25 NFL MVP odds and early favorites, contenders, and long shots ahead of the 2024 NFL season.
Patrick Mahomes #15 of the Kansas City Chiefs hugs Josh Allen #17 of the Buffalo Bills after the AFC Divisional Playoff game at Highmark Stadium on January 21, 2024 in Orchard Park, New York. Timothy T Ludwig/Getty Images/AFP

We're looking at the early 2024-25 NFL MVP odds across our best NFL betting sites after Baltimore Ravens quarterback Lamar Jackson won the award for the second time in his career.

A few days before the 2024 Super Bowl, Lamar Jackson won his second NFL MVP award since he was drafted by the Baltimore Ravens in 2018. But he isn't the favorite to repeat as the league's most valuable player in 2024-25.

Instead, Kansas City Chiefs QB Patrick Mahomes - fresh off winning his third Super Bowl MVP award - is the betting favorite to win the third NFL MVP of his career, which would move him into a tie for the third-most by any player in league history.

Buffalo Bills QB Josh Allen is the co-favorite at DraftKings (+650) and the second choice across the rest of our best sportsbooks after entering last season as the favorite. After that, Jackson headlines a loaded tier that includes Joe Burrow (Cincinnati Bengals), C.J. Stroud (Houston Texans), Justin Herbert (Los Angeles Chargers), and Jordan Love (Green Bay Packers).

Here's our look at the opening odds for the 2024-25 NFL MVP, as well as the closing odds from last season and a look at previous NFL MVP winners (NFL odds from our best sports betting sites). 

NFL MVP opening odds 2024-25

(NFL MVP odds updated Feb. 13)

PlayerDraftKingsFanDuelBetMGMCaesarsbet365
Patrick Mahomes+650+700+600 ❄️+750 🔥+650
Josh Allen+650 ❄️+800+800+800+700
Joe Burrow+800 ❄️+1000 🔥+900+900+900
Lamar Jackson+900 ❄️+1200+1200+1000+1000
Jordan Love+1200  ❄️+1400+1600 🔥+1300+1400
Brock Purdy+1200 ❄️+1600+1600+1600+1400
Justin Herbert+1200 +1200+1400 🔥+1200+1200
C.J. Stroud+1400 🔥+1100+1100+1200+1200
Jalen Hurts+1500 ❄️+1600+1600+1800 🔥+1600
Dak Prescott+1500+1600+1400 ❄️+1500+1600

Who is the favorite to win NFL MVP 2024-25?

Patrick Mahomes (+750 via Caesars)

It shouldn't surprise anyone to see Mahomes headlining this market, even after a relatively down season in 2023.

The two-time MVP still ranked sixth in passing yards (4,183) and eighth in touchdown passes (27) with the worst receiving corps he's ever had, and he responded with a superhuman effort to lead his team to the 2024 Super Bowl.

The postseason technically doesn't matter in this market, nor do any of the results from 2023. Yet I have to think this playoff run will stick in the minds of NFL fans and voters heading into next season. If Mahomes returns to his usual statistical form, he should be in line to win this award.

NFL MVP odds: Contender

Josh Allen (+800 via BetMGM)

Allen is technically the co-favorite at DraftKings, but he's dealing at +800 at BetMGM and elsewhere, which isn't a bad price for a player who always seems to find his way into the conversation for this award by the end of the season.

Allen was the only player besides Jackson to earn a first-place vote in 2023 when he helped rally the Bills to a five-game win streak to steal the AFC East crown. He also finished third in QBR (69.6) and had the second-highest completion rate over expected (5%) and third-best EPA per dropback (0.18) of any full-time starter.

The Bills face a difficult offseason that could include jettisoning some of their core pieces from this recent run. If Allen can carry this team to another division title, anyway, that could work in his favor to win his first MVP award.

NFL MVP odds: Long shot

Kirk Cousins (+4000 via FanDuel)

It's hard to find a compelling long shot in this market after a season that was largely defined by horrendous play under center. That said, I have my eyes on Kirk Cousins after his MVP-level season was cut short in 2023.

The four-time Pro Bowler shed his game-manager label last season and started slinging it for the Minnesota Vikings, leading all quarterbacks in yards per game (291.4) and completion rate (69.5%) among those with at least eight starts.

He's set to hit free agency this summer, and I'd expect him to be a featured part of whichever team decides to shell out upward of $100 million for the 12-year veteran. His looming free agency is a key reason why the Atlanta Falcons (+5000 via FanDuel) are my favorite bet among my 2025 Super Bowl predictions, and this price at FanDuel (+4000) on Cousins' MVP candidacy is worth an early look, too.

NFL MVP closing odds 2023-24

(NFL MVP odds updated Jan. 2)

PlayerDraftKingsFanDuelBetMGMCaesarsbet365
Lamar Jackson-20000 ❄️-20000-10000-6000 🔥-8000
Dak Prescott+1800 +1600+1800+2200 🔥+1600
Brock Purdy+3000 🔥+2500+2500 +2200 +2800
Josh Allen+3500 🔥+3000+3000+2500 +3500
Christian McCaffrey+4000  +5000+4000 +1800 ❄️+4000
Tyreek Hill+7500 ❄️+12000+10000 +8000 +10000
Tua Tagovailoa+10000 +12000+10000+20000 🔥+10000
Jalen Hurts+20000 +20000+12500 ❄️+25000 🔥+20000
Patrick Mahomes+20000 +20000N/A+20000 +20000
Matthew Stafford+20000+20000N/AN/A+20000

NFL MVP winner 2023-24

Lamar Jackson (-6000 via Caesars)

Jackson all but won the award following his team's win over Miami in Week 17, when he finished with five touchdown passes and no turnovers in a virtually flawless performance. He took the lead to win the award in Week 16 against San Francisco but sealed it after that Week 17 win and was held out of action in Week 18 to rest ahead of the playoffs.

Jackson finished the year with 3,678 passing yards, 24 passing touchdowns, and seven interceptions while adding 821 rushing yards and five scores on the ground. He also helped the Ravens earn the No. 1 seed in the AFC while guiding his team to a 13-3 record in his 16 starts.

NFL MVP betting trends and strategy

Betting on the NFL MVP typically involves wagering on which player will be awarded the league's MVP title at the end of the regular season. Here are steps to bet on the NFL MVP:

  1. Understand the odds: Familiarize yourself with the odds listed by sportsbooks for different players to win the MVP. The player with the lowest odds is considered the favorite.
  2. Research player performances: Analyze the performances of various players throughout the season. Factors such as statistics, impact on their team's success, and overall contributions are crucial. Consider quarterbacks, running backs, wide receivers, or even defensive players who might be having outstanding seasons.
  3. Monitor odds and player performance: Throughout the season, keep an eye on odds fluctuations and player performances. As the season progresses, odds will change based on players' performances and their impact on games.
  4. Stay updated: Stay informed about injuries, team performance, and how players are faring in their respective positions. These factors can significantly impact a player's chances of winning the MVP.
  5. Cash-out or hold: Depending on how the season progresses and the player's performance, you can decide to cash out if the odds are in your favor or hold onto your bet until the end of the season to see if your chosen player wins the MVP.

Remember, betting on the NFL MVP requires careful consideration of various factors and a good understanding of the game and players' performances throughout the season.

Recent NFL MVP winners

YearPlayerTeamVotesPreseason odds
2023Lamar Jackson (QB)Ravens49-0-1-0-0+1400
2022Patrick Mahomes (QB)Chiefs48 of 50+800
2021Aaron Rodgers (QB)Packers39 of 50+1100
2020Aaron Rodgers (QB)Packers44 of 50+3000
2019Lamar Jackson (QB)Ravens50 of 50+4000
2018Patrick Mahomes (QB)Chiefs41 of 50+3525
2017Tom Brady (QB)Patriots40 of 50+385
2016Matt Ryan (QB)Falcons25 of 50+7500
2015Cam Newton (QB)Panthers48 of 50+5200
2014Aaron Rodgers (QB)Packers31 of 50+600
2013Peyton Manning (QB)Broncos49 of 50+600
2012Adrian Peterson (RB)Vikings30.5 of 50+4000
2011Aaron Rodgers (QB)Packers48 of 50+400
2010Tom Brady (QB)Patriots50 of 50+800

NFL MVP betting analysis

All five of our best sports betting sites have now released NFL MVP odds in the days after the 2024 Super Bowl, and we can expect these markets to move as we get further into the NFL offseason. Odds will be impacted by free agency and trades, the NFL draft, and offseason reports before preseason games are even played.

It's best to look for long shots early in the process and wait for odds to rise on any of the favorites during the 2024-25 NFL season.

NFL MVP FAQs

Who is the favorite for NFL MVP?

Kansas City Chiefs QB Patrick Mahomes is the early betting favorite to win the 2024-25 NFL MVP, while Buffalo Bills QB Josh Allen is the co-favorite at DraftKings.

When will the 2024-25 NFL MVP be announced?

The 2024-25 NFL MVP will be announced at the NFL Honors show in the days ahead of the 2025 Super Bowl.

Who was the NFL MVP last year?

Baltimore Ravens QB Lamar Jackson won the 2023-24 NFL MVP award, claiming the award for the second time in his career.

NFL betting odds pages

Here are our best NFL betting sites:

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