NBA 2023-24 preview: Championship odds as new season gets underway

The 2023-24 NBA season is underway — and there’s a handful of things to keep in mind. For the first time ever, the Denver Nuggets enter a season as reigning champions, but their defense will be under siege.

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The Milwaukee Bucks have something special brewing on the horizon after acquiring Damian Lillard from the Portland Trail Blazers to join forces with Giannis Antetokounmpo, who rang in the new NBA season by signing a three-year, $186 million contract extension on Tuesday.

But the Boston Celtics have quite a squad as well, adding Jrue Holiday and Kristaps Porzingis to a roster that already boasts Jayson Tatum and Jaylen Brown — and should challenge the Bucks for East bragging rights.

Out in the Western Conference, the last time we saw the Phoenix Suns, they were expected to make a serious run at a title after bringing on Kevin Durant to team up with Devin Booker. But they fell in six games in the West semis to the Nuggets. But they didn’t rest on their laurels. They added Bradley Beal, who is dealing with a back issue, to create a fearsome trio of their own.

Of course, they’ll have to contend with LeBron James and the Los Angeles Lakers along with Stephen Curry and the Golden State Warriors, both of whom will also challenge for the Western Conference crown.

Here’s how the sportsbooks are forecasting the brand-new season:

2023-24 NBA Championship Odds

Milwaukee Bucks +400

Boston Celtics +400

Denver Nuggets +550

Phoenix Suns +650

Los Angeles Lakers +1200

Golden State Warriors +1300

Los Angeles Clippers +1800

Philadelphia 76ers +1800

Dallas Mavericks +2200

Miami Heat +2800

Cleveland Calaviers +3000

Memphis Grizzlies +3000

New Orleans Pelicans +5000

New York Knicks +5000

Sacramento Kings +5500

Minnesota Timberwolves +7000

Atlanta Hawks +7500

Oklahoma City Thunder +8000

Brooklyn Nets +13000

Toronto Raptors +15000

Chicago Bulls +20000

Indiana Pacers +30000

Orlando Magic +40000

Houston Rockets +40000

Utah Jazz +50000

San Antonio Spurs +50000

Portland Trail Blazers +50000

Charlotte Hornets +50000

Detroit Pistons +60000

Washington Wizards +100000

Odds courtesy of DraftKings. For more, click here.

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For more NBA news and odds, visit AMNY.com