After losing the 2024 Stanley Cup Final to the Florida Panthers, Connor McDavid and the Edmonton Oilers are the favorites to raise the Cup in 2025.

Acquiring star forward Mikko Rantanen in a trade with the Colorado Avalanche, the Carolina Hurricanes — already second-favorites — moved from +800 to +650 to win the Stanley Cup. The Hurricanes — previously tied with the Panthers atop the Eastern Conference at +375 — are the new favorites to win the conference at +325, followed by the Panthers, New Jersey Devils and Toronto Maple Leafs.

The Dallas Stars, and Winnipeg Jets are right behind the Oilers in the odds to win the Western Conference.

The red-hot Alex Ovechkin and the Washington Capitals are odds-on favorites to win the Metropolitan division and second President’s Trophy odds, behind the Jets.

For more, here is how Ovechkin’s chase for the all-time NHL goals record has turned into the hockey’s most popular prop bet.

Here are the available odds for teams to make the playoffs, win their division, their conference and the Stanley Cup for the 2024-25 NHL season.

Latest odds as of publication. For odds movement, go to ESPN BET.