National Basketball Association

2023-24 NBA championship odds: Every team's title futures

Updated Sep. 28, 2023 6:30 p.m. ET

The NBA world was completely shocked once news broke that long-time Portland Trail Blazers great Damian Lillard was traded to the Milwaukee Bucks.

In the wake of Lillard's surprising trade from the Trail Blazers to the Bucks, the betting markets also underwent a seismic shift.

As a result of the star guard joining the Bucks, the team's NBA title odds have shortened drastically from +650 to +360. Milwaukee is now the new favorite to win it all.

Let's take a look at the title odds for every team in the league, as the trade impacted multiples teams on the odds front.

Early championship odds for the 2023-24 NBA season*:

Milwaukee Bucks +360 (bet $10 to win $46 total)
Boston Celtics +500 (bet $10 to win $60 total)
Phoenix Suns +550 (bet $10 to win $65 total)
Denver Nuggets +650 (bet $10 to win $57 total)
Los Angeles Lakers +1200 (bet $10 to win $130 total)
Golden State Warriors +1700 (bet $10 to win $180 total)
Cleveland Cavaliers +1800 (bet $10 to win $190 total)
Memphis Grizzlies +2000(bet $10 to win $210 total)
LA Clippers +2100 (bet $10 to win $220 total)
Philadelphia 76ers +2400 (bet $10 to win $250 total)
Miami Heat +2500 (bet $10 to win $260 total)
Dallas Mavericks +2500 (bet $10 to win $260 total)
New Orleans Pelicans +4200 (bet $10 to win $430 total)
New York Knicks +4600 (bet $10 to win $470 total)
Sacramento Kings +5000 (bet $10 to win $510 total)
Minnesota Timberwolves +5500 (bet $10 to win $560 total)
Oklahoma City Thunder +8500 (bet $10 to win $860 total)
Chicago Bulls +13000 (bet $10 to win $1,310 total)
Toronto Raptors +13000 (bet $10 to win $1,310 total)
Brooklyn Nets +13000 (bet $10 to win $1,310 total)
Atlanta Hawks +13000 (bet $10 to win $1,310 total)
Indiana Pacers +26000 (bet $10 to win $2,610 total)
Portland Trail Blazers +50000 (bet $10 to win $5,010 total)
Washington Wizards +50000 (bet $10 to win $5,010 total)
Charlotte Hornets +50000 (bet $10 to win $5,010 total)
Utah Jazz +50000 (bet $10 to win $5,010 total)
Orlando Magic +50000 (bet $10 to win $5,010)
San Antonio Spurs +50000 (bet $10 to win $5,010 total)
Houston Rockets +50000 (bet $10 to win $5,010 total)
Detroit Pistons +50000 (bet $10 to win $5,010 total)

* Odds as of 9/28/2023

Damian Lillard traded to Bucks in 3-team deal, teams with Giannis & Middleton

Skip Bayless, Rachel Nichols and Keyshawn Johnson react to the Milwaukee Bucks acquisition of Damian Lillard.

As Lillard joins forces with the Bucks, their NBA Finals odds have drastically shortened, setting the stage for an exciting and unpredictable season ahead. The ripple effect of this blockbuster trade will undoubtedly be felt throughout the NBA, leaving basketball enthusiasts eagerly anticipating the thrilling matchups and storylines that lie ahead.

So, are you throwing some cash on the Bucks to win it all?

Stay tuned to FOX Sports as the NBA season unfolds!