2025-26 NFL MVP Odds: Ravens QB Lamar Jackson the Favorite
NFL MVP odds for the 2025-26 season have been on the board for a few months now. Baltimore Ravens quarterback Lamar Jackson is the favorite, but a QB fleet is in hot pursuit.
Interestingly, Week 1 preseason games gave the NFL MVP odds market a jolt, particularly for one of Jackson's division rivals.
Below are current odds to win NFL MVP, followed by oddsmaker insights on 2025-26 NFL MVP odds. To get the most out of your NFL betting, make sure you check out our BetMGM bonus code.
(Feature image: Eric Hartline/Imagn Images)
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2025-26 NFL MVP Odds
Action Reaction
UPDATE THURSDAY, AUG. 14: As noted above, Baltimore Ravens QB Lamar Jackson – a two-time winner – is the +450 favorite in ESPN BET's NFL MVP odds. But one of his closest pursuers is the hottest bet of late in this popular market.
From Aug. 7-Aug. 11, when NFL preseason Week 1 took place, Cincinnati Bengals quarterback Joe Burrow lapped the field in ticket count and money. Burrow played just two series vs. the Philadelphia Eagles, but made the most of both, completing 9 of 10 passes for 123 yards and two touchdowns.
The visiting Bengals ultimately lost 34-27, but that hardly mattered to NFL MVP bettors.
Over that five-day-stretch at ESPN BET, Burrow took twice as many bets and three times more money than Tampa Bay Buccaneers QB Baker Mayfield, who was second in tickets and money during that same period.
Mayfield didn't even play in preseason Week 1, yet took a fair amount of action in odds to win NFL MVP.
Burrow is the +600 second choice in 2026 NFL MVP odds. Mayfield is down the board a bit, the co-13th choice at +3500. All the above noted, ESPN BET's odds haven't shifted since Aug. 7, despite the Burrow push.
Big Picture
UPDATE MONDAY, AUG. 11: To reiterate, the above action is what ESPN BET has seen in just the past few days. Overall numbers, going back to when this market opened months ago, reveal some eye-popping stats.
Jackson has taken just 5.4% of bets in the 2025-26 NFL MVP odds market. But those wagers translate into a whopping 47.6% of handle, five times more money than Burrow. If you assume that's because some big money landed on the Ravens QB, you'd be correct
An ESPNBET customer put $50,000 on Jackson +550 in odds to win NFL MVP. If Jackson lands his third MVP award this season, then the bettor profits a hefty $275,000.
Burrow leads the ticket count at 14.9% of bets, nearly twice as much as any other player. And he's No. 2 in money, though only at 9.5%, which is miles behind Jackson's take.
ESPN BET's top five in NFL MVP bets, with current odds in parentheses:
- Bengals QB Joe Burrow (+600)
- Chiefs QB Patrick Mahomes (+650)
- Commanders QB Jayden Daniels (+750)
- Eagles QB Jaylen Hurts (+1600)
- Ravens QB Lamar Jackson (+450)
And ESPN BET's top five in NFL MVP money:
- Jackson
- Burrow
- Mahomes
- Daniels
- Bills QB Josh Allen
Allen, who won the award last season, is the +650 co-third choice along with Mahomes.
Philadelphia Eagles running back Saquon Barkley is the first non-QB in 2025-26 NFL MVP odds. He checks in at +4000, making him the co-16th choice, along with Atlanta Falcons QB Michael Penix Jr.
Opening NFL MVP Odds
BetMGM first posted 2025-25 NFL Most Valuable Player odds in May. Below are opening odds on which player will win the NFL MVP award:
- Ravens QB Lamar Jackson +450
- Bills QB Josh Allen +600
- Chiefs QB Patrick Mahomes +700
- Bengals QB Joe Burrow +750
- Commanders QB Jayden Daniels +1100
- Eagles QB Jaylen Hurts +2000
- Texans QB C.J. Stroud +2200
- Chargers QB Justin Herbert +2500
- Lions QB Jared Goff +2500
- Packers QB Jordan Love +2500
- 49ers QB Brock Purdy +2800
- Buccaneers QB Baker Mayfield +3000
- Bears QB Caleb Williams +3500
- Cowboys QB Dak Prescott +3500
- Jaguars QB Trevor Lawrence +3500
- Dolphins QB Tua Tagovailoa +4000
- Rams QB Matthew Stafford +5000
- Giants RB Saquon Barkley +5000
- Cardinals QB Kyler Murray +5000
*No other players opened shorter than +6600
How is the Winner Determined in NFL Most Valuable Player Odds
The NFL MVP award is handed out annually to the top player of the regular season. The award is voted on by a panel of 50 sportswriters selected by the Associated Press (AP). The award is usually announced the night before the Super Bowl. Check out our Super Bowl odds for more information on all things NFL, and be sure to use our bet365 bonus code or Fanatics Sportsbook promo when placing your bet.
NFL MVP History
The NFL MVP has been dominated by quarterbacks, who have won the award 50 times. Buffalo Bills QB Josh Allen, always among the favorites these days, earned his first NFL MVP award following the 2024-25 season.
Before last season kicked off, Allen opened at +800 in NFL MVP odds. So if you'd bet $100 on Allen at those odds, then you would've won $800.
NFL MVP Winners
As noted above, last season, Josh Allen took home the first MVP award of his career for the Buffalo Bills. Recent NFL MVP winners, with opening odds in parentheses:
2024-25 - Buffalo QB Josh Allen (+800)
2023-24 - Baltimore QB Lamar Jackson (+1600)
2022-23 - Kansas City QB Patrick Mahomes (+700)
2021-22 - Green Bay QB Aaron Rodgers (+800)
2020-21 - Green Bay Aaron Rodgers (+3000)
2019-20 - Baltimore QB Lamar Jackson (+4000)
2018-19 - Kansas City Chiefs QB Patrick Mahomes (+3500)
2017-18 - New England QB Tom Brady (+400)
2016-17 - Atlanta QB Matt Ryan (+7500)
2015-16 - Carolina QB Cam Newton (+5100)
2014-15 - Green Bay QB Aaron Rodgers (+650)
2013-14 - Denver QB Peyton Manning (+600)
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