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2024 NBA futures odds: Denver Nuggets favorite to repeat as champions next season

Denver Nuggets players hold up the Larry O'Brien NBA Championship Trophy after their victory over the Miami Heat in Game 5 of the NBA Finals, Monday, June 12, 2023, in Denver.

Denver Nuggets players hold up the Larry O’Brien NBA Championship Trophy after their victory over the Miami Heat in Game 5 of the NBA Finals, Monday, June 12, 2023, in Denver.

The Denver Nuggets made history Monday night, winning their first NBA championship by beating the Miami Heat in five games.

The Nuggets were also playing in their first NBA Finals in the franchise’s 47-year history. Their victory at home gave the city of Denver its second consecutive professional sports championship, as the Colorado Avalanche won the 2022 Stanley Cup. Prior to that, the last title to come home to Denver was in 2016 when the Broncos won Super Bowl 50.

Nuggets center Nikola Jokic won the Bill Russell trophy as the MVP of the NBA Finals after winning the league MVP as well this season for the second consecutive year. He also became the first player in NBA history to put up 500 points, 250 rebounds and 150 assists in a single postseason.

Jokic barely missed averaging a triple-double during the playoffs, scoring 30 points, grabbing 13.5 rebounds and dishing out 9.5 assists per game. While the odds for league MVP in 2024 haven’t been released yet, the Joker’s name has to be at the top of the list to defend his most valuable player award.

Speaking of next season, the Nuggets are the consensus favorite to repeat as NBA champions in 2024 by all four major sportsbooks: +460 at FanDuel, +475 at Caesars and DraftKings, and +500 at BetMGM.

The Boston Celtics are second on the odds boards at CaesarsBetMGM and DraftKings at +550 and third at FanDuel at +500, while the Milwaukee Bucks are +460 at FanDuel and between +600 and +700 at the other three books.

With the 2023 season now officially over, FrontPageBets looks ahead to next year and the opening odds for each team to win the 2024 NBA title.

(All odds courtesy of Caesars and are subject to change)

Odds for each NBA team to win the 2024 championship

Denver Nuggets +475

Boston Celtics +575

Milwaukee Bucks +700

Phoenix Suns +850

Los Angeles Lakers +1200

Philadelphia 76ers +1200

Golden State Warriors +1200

Los Angeles Clippers +1600

Dallas Mavericks +1800

Miami Heat +1800

Memphis Grizzlies +200

Sacramento Kings +2500

Cleveland Cavaliers +2800

New Orleans Pelicans +3000

New York Knicks +5000

Minnesota Timberwolves +5500

Atlanta Hawks +6000

Toronto Raptors +6500

Oklahoma City Thunder +7000

Portland Trail Blazers +7500

Houston Rockets +9000

Chicago Bulls +10000

Brooklyn Nets +12500

Orlando Magic +12500

San Antonio Spurs +15000

Utah Jazz +15000

Indiana Pacers +15000

Charlotte Hornets +20000

Washington Wizards +25000

Detroit Pistons +60000

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