NFL MVP Odds, Predictions: Mahomes the Favorite in 2024

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Kansas City Chiefs quarterback Patrick Mahomes (15) looks to pass the ball during an NFL football game between the Kansas City Chiefs and the Miami Dolphins at Deutsche Bank Park Stadium in Frankfurt, Germany, Sunday, Nov. 5, 2023. The Kansas City Chiefs defeated the Miami Dolphins 21-14.
(Steve Luciano/AP Photo)
Nick Hennion @nickhennion Jul 24, 2024, 5:34 PM
  • Patrick Mahomes (+600) is the favorite to win 2024-25 NFL MVP.
  • Josh Allen, Joe Burrow and CJ Stroud come in as the only other players 10/1 or shorter.
  • Christian McCaffrey (100/1) is first non-quarterback in odds.

Fresh off his Super Bowl MVP win, Chiefs quarterback Patrick Mahomes (+600) is the favorite in the 2024-25 NFL MVP Odds. 

Bills quarterback Josh Allen (+900) and Bengals quarterback Joe Burrow (+900) are the only other players in single digits. Following Houston’s acquisition of Stefon Diggs, quarterback CJ Stroud moved from +1100 to +1000. 

Check out the list of odds for the upcoming NFL season for all players 20/1 or shorter. For the full list of odds, head to the BetMGM online sportsbook. 

2024 NFL MVP Odds to Win

NFL PlayerCurrent Odds
Patrick Mahomes+600
Josh Allen+900
Joe Burrow+900
CJ Stroud+1000
Lamar Jackson+1200
Justin Herbert+1400
Dak Prescott+1400
Jordan Love+1600
Brock Purdy+1600
Jalen Hurts+1600
Matthew Stafford+2000
Aaron Rodgers+2000
Tua Tagovailoa+2500
Jared Goff+2500
Trevor Lawrence+3000

2024 NFL MVP Prediction

I predict Jared Goff (+2500) will win the 2024-25 NFL MVP award, based on the Lions’ outstanding offensive record last year and their relatively easy schedule against pass defenses. 

Goff has yet to claim the honor in his career but gets a favorable schedule of pass defenses with a top-tier unit. 

Last season, the Lions ranked fifth in passing success rate and seventh in pass EPA per play. 

This season, they play only seven games against teams who ranked 14th or better in pass defense EPA per play last season. Of the nine remaining games, seven come against teams 21st or worse last year. 

Additionally, the Lions play a majority of games at home this year, and all but three games indoors. 

While Goff averages the same amount of yards indoors, his mistakes dwindle. For his career, 63% of 82 career interceptions came outdoors. 

As a result, Goff is worth a flier at +3000 to win his first NFL MVP award. 

Favorites to Win 2024 NFL MVP

Patrick Mahomes (+600) is the favorite to win this year’s NFL MVP award at BetMGM. He’s one of only three players at +900 or shorter with Josh Allen (+900) and Joe Burrow (+900) occupying the other two slots.

Mahomes last won NFL MVP in the 2022 season with quarterbacks taking the award every year since 2013. Christian McCaffrey (+10000) is the first non-quarterback listed in the odds.

NFL MVP By Year

YearNFL Most Valuable Player
2023Lamar Jackson
2022Patrick Mahomes
2021Aaron Rodgers
2020Aaron Rodgers
2019Patrick Mahomes
2018Lamar Jackson
2017Tom Brady
2016Matt Ryan
2015Cam Newton
2014Aaron Rodgers
2013Peyton Manning
2012Adrian Peterson
2011Aaron Rodgers
2010Tom Brady

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About the Author

Nick Hennion

Read More @nickhennion

Nick Hennion is a senior content writer for BetMGM. His previous stops include VSiN, NBC Sports, The Action Network and Forbes Betting. He owns a bachelor's degree from Syracuse University and a master's degree from Northwestern University.

Nick Hennion is a senior content writer for BetMGM. His previous stops include VSiN, NBC Sports, The Action Network and Forbes Betting. He owns a bachelor's degree from Syracuse University and a master's degree from Northwestern University.