2024-25 NBA MVP odds: Luka Doncic favored to win award for first time

The NBA season begins Tuesday, meaning we are officially turning the page to the 2024-2025 season, which means it’s time to dive into the regular-season MVP market. 

As the winner of the NBA’s most coveted award in three of the last four seasons, Nikola Jokic (+400) opens up at the top of the oddsboard — but not the very top. 

That honor belongs to Luka Doncic, who led the Mavericks to the NBA Finals last season, where they fell to the Celtics.

Let’s take a look at the opening NBA MVP odds at DraftKings Sportsbook as of Oct. 21.

2024-25 NBA MVP odds:

Luka Doncic: +370 (bet $10 to win $47 total)
Nikola Jokic: +400 (bet $10 to win $50 total)
Shai Gilgeous-Alexander: +425 (bet $10 to win $52.50 total)
Giannis Antetokounmpo: +800 (bet $10 to win $90 total)
Anthony Edwards: +1200 (bet $10 to win $130 total)
Jayson Tatum: +1500 (bet $10 to win $160 total)
Victor Wembanyama: +1700 (bet $10 to win $180 total)
Jalen Brunson: +1800 (bet $10 to win $190 total)
Joel Embiid: +2500 (bet $10 to win $260 total)
Ja Morant: +4000 (bet $10 to win $410 total)

When the odds first opened at the conclusion of last season, Philly star Joel Embiid was third on the oddsboard. 

However, he’s fallen dramatically, presumably after Embiid recently said that he doubts he will ever play back-to-back games again.

After winning the MVP in 2023, Embiid only played in 39 games last regular season as he battled injuries. He missed 29 games after suffering a torn meniscus in a Jan. 30 game at Golden State. He came back from the injury but appeared less than healthy the rest of the season. 

As for Doncic, he finished third in MVP voting last season, behind Jokic and Shai Gilgeous-Alexander.

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