The 2024-25 NHL season is well underway, so there’s no better time to start thinking about who will win the Stanley Cup.
Can the Florida Panthers repeat as champions? Or will Connor McDavid lead the Oilers for his first ring?
Let’s dig into the latest odds and make our 2025 Stanley Cup predictions.
NHL Stanley Cup Winner Odds 2025
NHL odds referenced below are current as of Thursday, Jan. 2, and courtesy of DraftKings Sportsbook.
- Edmonton Oilers (+650)
- Florida Panthers (+700)
- Carolina Hurricanes (+750)
- New Jersey Devils (+900)
- Dallas Stars (+1000)
- Toronto Maple Leafs (+1100)
- Vegas Golden Knights (+1200)
- Colorado Avalanche (+1300)
- Tampa Bay Lightning (+1600)
- Winnipeg Jets (+1600)
- Minnesota Wild (+2000)
- Washington Capitals (+2500)
- Vancouver Canucks (+2500)
- Los Angeles Kings (+2500)
- Boston Bruins (+3500)
- New York Rangers (+4000)
- Ottawa Senators (+5000)
This list essentially represents the top half of the league, as the other 15 franchises have odds of 70-1 or longer to win the Stanley Cup in 2025.
At the top of the board, it’s no surprise that the Oilers remain the odds-on favorites after falling in Game 7 of the Stanley Cup Final in June. Edmonton has two of the most talented players in the league, Connor McDavid and Leon Draisaitl, and retooled its roster for another run at the Cup this offseason.
It’s also not too much of a shock to see the defending champion Panthers in the second spot. This is a team that finds themselves atop the Atlantic Division as of January 2, 2025.
On another note, it does feel that the upstart Capitals are being a bit undervalued at (+2500) despite leading a division that also includes the Devils and Hurricanes.
Who Will Win the Stanley Cup 2025?
Dallas Stars (+1000)
Let’s not forget that the Stars held a 2-1 series lead over the Oilers in the 2024 Western Conference Final.
This is a team that has all the pieces in place for a Stanley Cup run, including stud forwards like Jason Richardson, a loaded blueline led by Miro Heiskanen, and an elite goaltender in Jake Oettinger.
While the Stars got off to a slow start this year, it’s only a matter of time before they catch fire with this stacked roster.
Give me Dallas to win the Stanley Cup at a great price (+1000 odds) as one of my NHL best bets today.
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Stanley Cup Favorites 2025
Edmonton Oilers (+650)
The Oilers are favorites for good reason. Not only did they come close to completing an epic comeback from down 3-0 in last year’s Stanley Cup Final, but they have a loaded roster led by generational superstar Connor McDavid.
This is another team that got off to a slow start but appears to be rounding into form as we enter the New Year.
While goaltending is a concern, we can’t count out last year’s finalists due to their top-end talent.
Florida Panthers (+700)
The Panthers are tied for the lead in the Atlantic Division with the Maple Leafs. Florida has dealt with injuries to Aleksander Barkov, but they’ve been able to stay afloat.
You just know that this team has what it takes to turn their game up a notch once the playoffs come around.
The Cats have everything you need for another deep run, including high-end goaltending and physical play.
Stanley Cup Contenders 2025
Carolina Hurricanes (+750)
For years, the main question with the Hurricanes is that they don’t have a superstar.
But this season, Martin Necas may have answered the bell, as he’s on pace for a 90+ point campaign.
Add in one of the best defensive cores in the league and an emerging two-way talent like Seth Jarvis, and you can see why the Canes are so dangerous.
New Jersey Devils (+900)
The Devils are living up to expectations thanks to strong years from Jack Hughes, Jesper Bratt, and Jakob Markstrom.
The goaltending upgrade is particularly huge for a team that struggled between the pipes last year.
The one question I have is can Sheldon Keefe exorcise those playoff demons that we saw when he coached the Maple Leafs.
Stanley Cup Sleepers 2025
Washington Capitals (+2500)
The Capitals have been able to exceed even the wildest expectations with a dominant first half of the season.
Head coach Spencer Carbery is the heavy favorite to win Coach of the Year and rightfully so. This team is sound defensively and has gotten a breakout season from Dylan Strome.
Don’t count this team out just because of their preseason expectations — you can throw those out the window right now.
Los Angeles Kings (+2500)
The Kings are stout defensively with strong goaltending from Darcy Kuemper and a big year from Anze Kopitar.
As of January 2, this team has gone 11-2-2 in its last 15 games, highlighted by wins over the Oilers and Devils.
Los Angeles looks built for a deep playoff run, as long as it can avoid the Oilers in the first round for once.
