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

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Damian Lillard NBA preview Bucks
Milwaukee Bucks forward MarJon Beauchamp jumps to keep a ball inbounds as referee Derek Richardson watches during the first half of an NBA preseason basketball game against the Los Angeles Lakers Sunday, Oct. 15, 2023, in Los Angeles. (AP Photo/Mark J. Terrill)

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.

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:

Nikola Jokic Nuggets
Denver Nuggets center Nikola Jokic looks to pass during the first half of an NBA basketball game against the Los Angeles Clippers, Thursday, Oct. 19, 2023, in Los Angeles. (AP Photo/Ryan Sun)

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.

For more NBA news and odds, visit AMNY.com