2025 NBA Finals Odds: Championship odds for every team

2025 NBA Finals Odds

Credit: Craig Dudek

Credit: Craig Dudek

After the Boston Celtics won the 2024 championship, the NBA offseason is now underway with several key moves already sending shockwaves throughout the association. Draft Day always serves as a major checkpoint for the offseason roadmap, and this year was certainly no different with various trades and signings shifting the balance of power around the league.

With several important moves around the association as well as the infusion of the new rookie class, there has been an obvious impact on the title picture. So as the offseason continues to progress, let’s stop and take a moment to look at the 2025 NBA Finals odds as the Celtics are currently favored to repeat as champions.

Latest 2025 NBA Finals Odds: Early movement in free agency

With the first wave of free agency now settling, it’s a good time to revisit the 2025 NBA Finals odds as the combination of trades, free agent signings, and extensions have shifted the championship picture. The Celtics currently sit as sizeable favorites to win a second consecutive title with the best odds (+295). After a strong start to the offseason including signing superstar Paul George, the Philadelphia 76ers have jumped up to the second-best odds to win next season’s championship at (+800). The talented young group in Oklahoma City continues to rise after several impressive offseason moves, leaving the Thunder with the third-best NBA title odds at (+850).

Here is the full list of 2025 NBA Finals odds as of July 9, 2024:

  • Boston Celtics (+295)
  • Philadelphia 76ers (+800)
  • Oklahoma City Thunder (+850)
  • Denver Nuggets (+850)
  • New York Knicks (+950)
  • Minnesota Timberwolves (+1000)
  • Dallas Mavericks (+1000)
  • Milwaukee Bucks (+1100)
  • Los Angeles Lakers (+3000)
  • Phoenix Suns (+3500)
  • Cleveland Cavaliers (+4000)
  • Miami Heat (+4000)
  • Memphis Grizzlies (+4000)
  • Golden State Warriors (+4000)
  • Los Angeles Clippers (+4500)
  • New Orleans Pelicans (+5000)
  • Indiana Pacers (+6000)
  • Sacramento Kings (+7500)
  • Orlando Magic (+7500)
  • Houston Rockets (+1300)
  • San Antonio Spurs (+15000)
  • Atlanta Hawks (+40000)
  • Washington Wizards (+100000)
  • Utah Jazz (+100000)
  • Toronto Raptors (+100000)
  • Portland Trail Blazers (+100000)
  • Detroit Pistons (+100000)
  • Chicago Bulls (+100000)
  • Charlotte Hornets (+100000)
  • Brooklyn Nets (+100000)

Note: All NBA championship odds provided on this page are courtesy of DraftKings Sportsbook. New users on the platform can secure the DraftKings promo code to get started with bonus bets when they register today. Other popular sign-up offers include the FanDuel promo code as well as the bet365 bonus code.

There was movement near the top of the list after the conclusion of the NBA Draft and the official opening of Free Agency. As the new crop of contenders aims to dethrone the recently crowned Boston Celtics, let’s take a look at some of the winners and losers of the NBA offseason to this point.

NBA offseason winners

These teams have enjoyed a fruitful offseason and now look to make a championship push with reinforced rosters.

Philadelphia 76ers: It’s hard to argue that any team has enjoyed a more successful offseason to this point than the Philadelphia 76ers. Making a major splash right out of the gate, the 6ers signed superstar free agent Paul George from the Los Angeles Clippers on a 4-year, $112M contract to form a big three in Philly with former MVP Joel Embiid and emerging young star Tyrese Maxey both already in town.

Other noteworthy off-season transactions for the 76ers include re-signing their own free agent Kelly Oubre Jr. for $16M and bringing in the experienced Eric Gordon on a veteran minimum contract. Putting the icing on the cake, the 6ers poached versatile swingman Caleb Martin from the Miami Heat agreeing to a multi-year deal with the former undrafted free agent.

New York Knicks: One of the biggest and most impactful odds jumps during the 2024 NBA Draft period was that of the New York Knicks. What’s even more interesting is that it has virtually nothing to do with the player (Pacome Dadiet) who they drafted 25th overall.

In what was the first major move of the NBA offseason, Draft Day saw the Knicks trade a bevy of picks for the Brooklyn Nets’ Mikal Bridges, who will now take his talents to Madison Square Garden. Bridges is an excellent player and should fit in nicely with the Knicks as he’ll be reunited with some of his college teammates from Villanova.

Just a few hours later, it was reported that the Knicks also re-signed OG Anunoby to a five-year $212.5 million contract as New York is looking to make a legitimate Finals run in 2025. After the impactful moves the Knicks jumped up to (+950) to win the championship, and now carry the fourth-best odds on the board.

Oklahoma City Thunder: The Oklahoma City Thunder were a breakout team last season earning the top seed in the Western Conference and reaching Round 2 of the 2024 NBA Playoffs. Already featuring a talented young nucleus including 2024 All-Stars Shai Gilgeous-Alexander and Chet Holmgren, the Thunder further rounded out their roster with a pair of impactful moves.

In what was the first major transaction of the offseason, OKC traded to acquire Alex Caruso from the Chicago Bulls, bringing a tough, veteran wing defender to their roster. Then, early in free agency, the Thunder agreed to terms with former Knicks center Isaiah Hardenstein adding more size and rebounding to the lineup.

After the impressive offseason moves, Oklahoma City now owns the third-best NBA Finals odds at (+850), good for best in the Western Conference at this point.

Los Angeles Lakers: While there has not been a major movement with their odds (+3000) to win the Finals, the Lakers will surely be happy with how the early offseason has played out. Los Angeles selected Dalton Knecht out of the University of Tennessee with the 17th overall pick, and it was a pleasant surprise for the LA that he was available at that spot. Many mock Drafts had Knecht being taken as high as 7th overall, highlighting the supreme value in where the Lakers were able to draft him.

Knecht is 23 years old and the reigning SEC Player of the Year, a 6′5′' sharpshooter whose skillset perfectly fits the Lakers’ immediate needs. Ironically, Knecht is very much a 2.0 version of JJ Redick, the recently hired head coach for LA. Redick should know exactly how to deploy Knecht and the rookie should have an instant impact on a Lakers team aiming to get back into title contention.

Perhaps the most noteworthy move of the Lakers offseason came in Round 2 of the Draft when they selected Bronny James out of USC. Bronny, the son of LeBron James, will now play on the same team as his father with the pair making NBA history as the first active father-son duo in the league.

Memphis Grizzlies: Closer to the middle of the board on the 2025 NBA Finals odds, the Memphis Grizzlies saw their number jump from (+4500) to (+4000) after selecting Purdue’s Zach Edey at no. 9 overall in Round 1 of the Draft. Edey is coming off a terrific season for Purdue that saw him win National Player of the Year as the Boilermakers reached the Final Four of the NCAA Tournament.

Edey should be a day-one starter for the Grizzlies who look to get back to Playoff contention after injuries severely hampered their 2023-24 campaign. The return of Ja Morant brings serious hopes to a Grizzlies team that dearly missed his superstar talent.

Slow start to the Summer

It’s been a rather quiet offseason for these teams to this point as the high-profile moves have been elsewhere in the NBA.

Miami Heat: An injury-plagued 2023-24 season saw the Miami Heat crash out of the Playoffs in Round 1 losing in just five games to the eventual champion Boston Celtics. It was an abrupt end to a frustrating campaign as Miami was without its Playoff Superstar Jimmy Butler for all five of the postseason games vs. Boston.

Miami then moved into offseason mode where many fans were hoping for a big swing to improve the roster. After Paul George joined the 76ers and Donovan Mitchell signed an extension to stay with the Cleveland Cavaliers, the crop of available stars has quickly withered away. Throwing further salt in the wound, Miami recently lost a key free agent when Caleb Martin opted to sign a 4-year, $32M contract with Eastern Conference rival Philadelphia. While Martin’s departure in free agency wasn’t entirely unexpected, it was bittersweet for both he and the Heat as Miami had previously offered a 5-year, $65M deal as part of an extension package.

The Heat will now likely have to bank on the internal development of their own young talent as well as much better injury luck to try and keep pace with the rest of the Eastern Conference which has significantly improved.

Atlanta Hawks: While there was no major movement downward on the odds table for their 2025 NBA title chances, the Hawks will feel this offseason has been a bit empty. Atlanta held the no. 1 overall pick after winning the Draft Lottery back in May, and while it’s typically a covetous position, this was considered to be a weaker Draft class when compared with some of the recent years.

There was talk about whether Atlanta would opt to use the pick for themselves or trade the slot for a bevy of assets. In the end, the Hawks opted to use the Draft slot and selected Zaccharie Risacher of the French league with the first pick in the 2024 Draft. And while Risacher could turn out to be a fine player, it will be hard to measure up to the top picks of previous seasons. Just one year ago, the Spurs selected Victor Wembanyama first overall, a generational talent who handily won Rookie of the Year honors this past season. The year before that, the Magic selected Paolo Banchero with the top spot, who also won the Rookie of the Year award, and this past season made the NBA East All-Star team in what was his sophomore campaign.

Further leaning into the tear-down and rebuild of their roster, the Hawks traded away two-way stalwart guard Dejounte Murray to the New Orleans Pelicans. In return, Atlanta received Dyson Daniels, E.J. Liddell, Larry Nance Jr., Cody Zeller (via sign-and-trade), and two future first-round draft picks. Murray spent just two seasons in Atlanta after being acquired from the San Antonio Spurs via trade in 2022. While there was initially hope that he and Trae Young would form a successful backcourt partnership, Atlanta is pulling the plug on the experiment after consecutive unsuccessful campaigns.

Adding to the Hawks misfortunes, the value of their most prominent trade asset, point guard Trae Young, appears to be at an all-time low. Early in the offseason, ESPN’s Bobby Marks reported that “when you talk to teams and look at the landscape of the league, the window for Trae Young to maximize the most value in a trade has closed.” Young is a three-time NBA All-Star, but the Hawks have struggled to build a consistent winning team around him and have been rumored to possibly look to pivot this offseason.

List of recent NBA Champions

The following is a list of all the NBA Championships in recent years as the 2024-25 season fast approaches.

  • 2024: Boston Celtics def. Dallas Mavericks (4-1)
  • 2023: Denver Nuggets def. Miami Heat (4-1)
  • 2022: Golden State Warriors def. Boston Celtics (4-2)
  • 2021: Milwaukee Bucks def. Phoenix Suns (4-2)
  • 2020: Los Angeles Lakers def. Miami Heat (4-2)
  • 2019: Toronto Raptors def. Golden State Warriors (4-2)
  • 2018: Golden State Warriors def. Cleveland Cavaliers (4-0)
  • 2017: Golden State Warriors def. Cleveland Cavaliers (4-1)
  • 2016: Cleveland Cavaliers def. Golden State Warriors (4-3)
  • 2015: Golden State Warriors def. Cleveland Cavaliers (4-2)

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