Denver Nuggets favored for NBA Championship repeat in 2024

  • Denver (+450) is favored to win the NBA championship again in 2024
  • Boston (+650), Milwaukee (+800) and Phoenix (+850) face difficult decisions in the offseason 
  • Star players such as Damian Lillard and Bradley Beal could be on the move over the summer

Denver clinched its first NBA title in the franchise’s 47-year history with a 4-1 series victory over the Miami Heat last Monday. However, are Nikola Jokic and the Nuggets primed to be the league’s next dynasty?

Before we examine the 2024 NBA Championship futures, be sure to check out the 2023 NBA Draft Betting Odds and our guide to betting on NBA basketball.

2024 NBA Championship

TeamBetOnline ReviewBovadaMyBookie Review
Denver Nuggets+450+450+450
Boston Celtics+650+650+650
Milwaukee Bucks+800+800+800
Phoenix Suns+850+850+850
Dallas Mavericks+900+900+900
Golden State Warriors+1200+1200+1200
Philadelphia 76ers+1200+1200+1200
Los Angeles Lakers+1400+1400+1400
Los Angeles Clippers+1600+1600+1600
Memphis Grizzlies+1800+1800+1800
New Orleans Pelicans+2000+2000+2000
Miami Heat+2200+2200+2200
Cleveland Cavaliers+2500+2500+2500
New York Knicks+3300+3300+3300
Sacramento Kings+3300+3300+3300
Minnesota Timberwolves+4000+4000+4000
Atlanta Hawks+5500+5500+5500
Toronto Raptors+6600+6600+6600
Brooklyn Nets+8500+8500+8500
Oklahoma City Thunder+8500+8500+8500
Houston Rockets+10000+10000+10000
Portland Trail Blazers+10000+10000+10000
San Antonio Spurs+10000+10000+10000
Chicago Bulls+12500+12500+12500
Utah Jazz+12500+12500+12500
Indiana Pacers+15000+15000+15000
Orlando Magic+15000+15000+15000
Washington Wizards+20000+20000+20000
Charlotte Hornets+30000+30000+30000
Detroit Pistons+40000+40000+40000

Denver opens as title favorite

It’s easy to see why Denver (+450) is the chalk pick to repeat in 2024. Nikola Jokic nearly averaged a triple-double in the postseason (30 points, 13.5 rebounds and 9.5 assists) and he’s only 28 years old. The Serbian has firmly established himself as an all-time great, as just the 11th player in league history to claim at least two regular-season MVP awards, a championship and a NBA Finals MVP.

Jokic’s running mate Jamal Murray also became the first player in NBA history to record at least 10 assists in each of his first four NBA Finals contests. The 26-year-old Canadian averaged 26.1 points, 7.1 assists and 5.7 rebounds in the playoffs.

Contenders face question marks

Boston (+650) fell to Miami in the Eastern Conference Finals after making it all the way to the NBA Finals in 2022. Much of the offseason conversation revolves around whether the Celtics should offer a supermax contract extension to Jaylen Brown or trade the 26-year-old All-Star forward.

Milwaukee (+800) will always be a contender with two-time NBA MVP Giannis Antetokounmpo, but the Bucks have salary-cap issues and a new coach in Adrian Griffin. Similarly, Phoenix (+850) handed the reins to Frank Vogel. They also waived Hall-of-Fame point guard Chris Paul. While the Suns are in good shape with Devin Booker and Kevin Durant, they have few assets to acquire more talent.

Boston Celtics2024 NBA Champions
★★★★★
+650
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Milwaukee Bucks2024 NBA Champions
★★★★★
+800
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Other teams in the mix

The Mavericks (+900) seem significantly overvalued given they missed the playoffs last season. There has been talk that Kyrie Irving is trying to convince LeBron James to join him and Luka Doncic in Dallas, but that is not a scenario we would bet on happening.

Golden State (+1200) has won four championships over the past nine years with another two NBA Finals appearances. However, for the dynasty to continue, they desperately need to retool around Steph Curry. And while the Lakers (+1400) made an impressive run to the Western Conference Finals, they were swept by the Nuggets. LeBron will be 39 years old, and what are the chances Anthony Davis stays healthy again?

Best Longshot

With the NBA offseason sure to bring a flurry of draft day deals and mega-trades, we’re focused on finding potential value. Damian Lillard has already expressed interest in joining the Heat next season. If Pat Riley can find a way to acquire the seven-time All-Star, Miami might have what it takes to knock off the Nuggets in the 2024 NBA Finals.

Miami Heat2024 NBA Champions
★★★★★
+2200
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Steve Starr

Steve is the quintessential American sports enthusiast. He has mastered the art of Sundays, devoting them to football, and barbecue parties. He proudly wears the hats of a good father, husband and a great dog owner. Aside from his decades of contributing to different top-tier sports publications, Steve has also found his niche on Twitter, where he publishes funny and relatable sports-related insights. When he's not busy tweeting, Steve loves to watch each game unfold live. He possesses an innate talent for finding humor in the sports world, appreciating both the thrilling moments and the comedic mishaps that make each event unique.