2025 NBA MVP Odds: Nikola Jokić, Shai Gilgeous-Alexander Early Favorites
Fans are also beginning to put cash on players they think have a shot at winning MVP at the end of the 2025-26 season.
Oklahoma City's Shai Gilgeous-Alexander took home the award at the end of the 2024 season as the team made its championship run.
Who will win the league's most coveted individual regular-season honor next year?
Let's take a look at the odds at DraftKings Sportsbook as of July 17.
Regular Season MVP 2025-26
Nikola Jokić, Nuggets: +200 (bet $10 to win $30 total)
Shai Gilgeous-Alexander, Thunder: +250 (bet $10 to win $35 total)
Giannis Antetokounmpo, Bucks: +700 (bet $10 to win $80 total)
Luka Dončić, Lakers: +800 (bet $10 to win $90 total)
Anthony Edwards, Timberwolves: +1000 (bet $10 to win $110 total)
Victor Wembanyama, Spurs: +1600 (bet $10 to win $170 total)
Cade Cunningham, Pistons: +3000 (bet $10 to win $310 total)
Jalen Brunson, Knicks: +3500 (bet $10 to win $360 total)
Joel Embiid, 76ers: +7000 (bet $10 to win $710 total)
Kevin Durant, Rockets: +8000 (bet $10 to win $810 total)
Donovan Mitchell, Cavaliers: +8000 (bet $10 to win $810 total)
Paolo Banchero, Magic: +8000 (bet $10 to win $810 total)
Jaylen Brown, Celtics: +10000 (bet $10 to win $1,010 total)
Anthony Davis, Mavericks: +10000 (bet $10 to win $1,010 total)
Ja Morant, Grizzlies: +12000 (bet $10 to win $1,210 total)
LeBron James, Lakers: +15000 (bet $10 to win $1,510 total)
Denver's Nikola Jokić is first on the board at +200. The three-time MVP finished the regular season averaging 29.6 points (third in the NBA), 12.7 rebounds (third) and 10.2 assists (second). He finished second in MVP voting behind Gilgeous-Alexander.
Speaking of the Thunder's superstar guard, SGA is a close second on the board at +250.
The reigning MVP received 71 first-place votes after a regular season in which his 32.7 points per game led the league in scoring. He became the third player in the franchise's history to win MVP. Kevin Durant (2013-14) and Russell Westbrook (2016-17) are the other two Thunder players to take home this hardware.
Milwaukee's Giannis Antetokounmpo rounds out the top three at +700. He didn't receive any first- or second-place votes in last season's voting but did rack up 88 third-place votes. His 30.4 ppg ranked second in the NBA in scoring last year.
Further down the list is L.A.'s LeBron James at +15000.
King James is a four-time MVP and is preparing to enter his 23rd year in the NBA. It's still uncertain, though, if that 23rd year will be as a Laker or with another team. LeBron averaged 24.4 points, 7.8 rebounds and 8.2 assists per game last season.
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