For the second time in the past four years, the Chiefs are Super Bowl champions. And they’re favored to win it again next year.
Within an hour of their epic comeback win over the Eagles to win Super Bowl 2023, Kansas City opened as the consensus favorite to win it all ahead of the next NFL season.
The Chiefs are dealing at 6/1 at BetMGM and FanDuel to claim back-to-back titles, while Caesars is offering the reigning champs at +550 to run it back.
Here’s a full look at the opening odds to win the 2024 Super Bowl, courtesy of BetMGM:
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Super Bowl 2024 opening odds for 2023 NFL season (via BetMGM)
| Team | Odds |
|---|---|
| Kansas City Chiefs | +600 |
| Cincinnati Bengals | +850 |
| Buffalo Bills | +900 |
| Philadelphia Eagles | +900 |
| San Francisco 49ers | +900 |
| Dallas Cowboys | +1400 |
| Baltimore Ravens | +1800 |
| Los Angeles Chargers | +2000 |
| Detroit Lions | +2500 |
| Green Bay Packers | +2500 |
| Jacksonville Jaguars | +2500 |
| New York Jets | +2500 |
| Los Angeles Rams | +3000 |
| Miami Dolphins | +3000 |
| New Orleans Saints | +3000 |
| Cleveland Browns | +4000 |
| Denver Broncos | +4000 |
| Las Vegas Raiders | +4000 |
| Minnesota Vikings | +4000 |
| New York Giants | +4000 |
| Carolina Panthers | +5000 |
| New England Patriots | +5000 |
| Pittsburgh Steelers | +5000 |
| Washington Commanders | +5000 |
| Chicago Bears | +6600 |
| Seattle Seahawks | +6600 |
| Tennessee Titans | +6600 |
| Atlanta Falcons | +8000 |
| Tampa Bay Buccaneers | +8000 |
| Indianapolis Colts | +15000 |
| Arizona Cardinals | +25000 |
| Houston Texans | +30000 |
Can Chiefs repeat as Super Bowl champions?
While we’ve seen the Chiefs dominate the league in Patrick Mahomes’ five seasons as a starter, it’s easier said than done to pull off what would be a historic feat in 2023.
Since the Patriots won back-to-back titles in the 2003-04 seasons, we haven’t seen a repeat winner – with only three champions even making it back to the big game the following year. One of those was Kansas City, which beat the 49ers in Super Bowl 54 before getting walloped by the Buccaneers a year later.
All three of those previous teams to return to the big game did so with a quarterback on a relatively cap-friendly deal, which is not the case with Patrick Mahomes ($46.79 million cap hit) for the 2023 season. That’s an underrated subplot heading into this offseason for the Chiefs, especially with a handful of key contributors scheduled to hit free agency.
One team with a star quarterback on a rookie deal? The Bengals, who open with the second-shortest title odds (+850) after winning the AFC in 2021 and nearly doing it again in 2022 — losing to the Chiefs in the last minute in the AFC Championship game. Joe Burrow is already the co-favorite with Mahomes to win 2023 MVP at some shops, including FanDuel, and there’s a solid chance we’ll see those two face off in the postseason for the third straight season.
Eagles, Bills among favorites to win 2023 NFL title
Right behind those two is a three-way tie for the third-shortest odds (9/1) between three teams that looked like potential champions during the 2022 NFL season.
The Eagles, who took the league by storm with a dominant run game that nearly resulted in a Super Bowl victory, enter next season among the favorites with a roster that should look pretty similar to the one that won 14 games in the 2022 regular season. It helps that Jalen Hurts is still on a rookie deal, and he’s already among the MVP favorites after a stellar showing in Sunday’s loss.
The Bills entered last year as title favorites, and they’ll clearly be in the mix once again behind perennial MVP favorite Josh Allen and one of the most complete rosters in the league. The 49ers also have a deep roster, though lingering questions at quarterback will ultimately decide San Francisco’s fate once again.
There’s a clear drop-off after the top five teams, at least in oddsmakers’ minds. The Cowboys (14/1) and Ravens (18/1) have the roster talent to win it all with some major questions offensively, while the Chargers (20/1) have yet to prove themselves in the postseason despite a seemingly title-worthy core on paper.
Jets, Giants firmly in the title mix
For the first time since 2012, both the Jets and the Giants are dealing at shorter than 50/1 before the season following 10 years of one (or both) opening as a distant long shot.
The Jets (25/1) are clearly in contention in oddsmakers’ eyes after a 7-10 season that was largely derailed by shoddy quarterback play. One potential solution? Packers quarterback Aaron Rodgers, who has been strongly linked to New York ahead of a likely divorce with Green Bay – speculation that was fueled by the Jets hiring former Packers offensive coordinator Nathaniel Hackett in late January.
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The Giants are tied with four other teams at 40/1, which would be their best price entering a season since 2018. Still, major questions hang over this team after its surprise run to the postseason, namely their looming decisions on free agents Daniel Jones and Saquon Barkley. Is this team good enough to run it back with big-money deals for those two? Or can they afford to let one or both walk, replace them at discount and shore up the rest of the roster?