NFL Super Bowl odds 2023: How do things look with OTAs underway?

The NFL never sleeps, and recent events have caused shifts in Super Bowl 57 odds. Let's take a look at the updated odds with OTAs underway.

After a hectic start to the year where sportsbooks had to shuffle NFL Super Bowl 57 futures odds around constantly, things have cooled off a bit. NFL rosters are set. Teams are signing their rookie draft picks. With OTAs underway, let’s look at the latest NFL odds for Super Bowl 57 from sportsbooks.

Super Bowl 2023 betting odds

The odds for the Super Bowl listed below are from Caesers Sportsbook as of 10 a.m. ET on May 25.

  • Buffalo Bills +700
  • Tampa Bay Buccaneers +800
  • Kansas City Chiefs +900
  • Green Bay Packers +1100
  • Los Angeles Rams +1200
  • San Francisco 49ers +1500
  • Los Angeles Chargers +1600
  • Denver Broncos +1600
  • Dallas Cowboys +1800
  • Cleveland Browns +1800
  • Cincinnati Bengals +2200
  • Baltimore Ravens +2200
  • Indianapolis Colts +2500
  • Arizona Cardinals +3000
  • Tennessee Titans +3000
  • Miami Dolphins +3000
  • Philadelphia Eagles +4000
  • New England Patriots +4000
  • Minnesota Vikings +4000
  • Las Vegas Raiders +5000
  • New Orleans Saints +5000
  • Pittsburgh Steelers +6000
  • Washington Commanders +7000
  • Seattle Seahawks +8000
  • New York Giants +10000
  • Chicago Bears +10000
  • Carolina Panthers +10000
  • Atlanta Falcons +10000
  • Jacksonville Jaguars +12500
  • Detroit Lions +15000
  • New York Jets +15000
  • Houston Texans +25000

Which Super Bowl 57 odds stand out?

Football has such a short season, yet it feels like it never leaves the news. The following events happened before the NFL draft: the Seahawks traded Wilson to the Broncos, the Colts traded Carson Wentz to the Commanders, Brady returned for his age-45 season, Davante Adams is a RaiderDeshaun Watson is on the Browns, Matt Ryan is a Colt, and Tyreek Hill is a Dolphin.

The NFL draft brought new talent to every team in the league. We also had two more blockbuster trades because why not? The Titans traded A.J. Brown to the Eagles, and the Ravens traded Marquise Brown to the Cardinals. These transactions, plus the influx of rookies, force sportsbooks to adjust. Here are the teams currently favored to win Super Bowl 57.

The Bills remain the favorite

The Bills’ odds have changed slightly since our last review of Super Bowl 57 futures. They now sit at +700 (up 50 cents from last time) but are still the favorites to win it all.

Buffalo’s larger moves came during free agency when they signed Jamison Crowder and Von Miller. In the NFL draft, they mostly added defensive players. Although, they did grab a pass-catching back in James Cook and some wide receiver depth in Day 3 pick Khalil Shakir.

This offense is as complete as an offense can be. They have an elite quarterback in Josh Allen, several talented receivers led by Stefon Diggs, and a very good offensive line. It would surprise me if the Bills did not remain Super Bowl favorites through the start of the 2022 season.

The Buccaneers remain close behind

In the least surprising news of all time, Brady’s return catapulted the Bucs’ Super Bowl 57 odds back into the top four. However, the Bucs weren’t the clear No. 2 until other chips fell.

When Watson didn’t go to an NFC South team as was heavily rumored, the Bucs’ odds improved slightly. They improved even more when the Raiders traded for Adams, weakening the Packers. When the Chiefs traded away Hill, their odds dropped, and Tampa Bay’s grew even more.

The Bucs did sign Russell Gage and extend Leonard Fournette, but neither of those two moves impacted their Super Bowl odds.

Following the NFL draft, the Bucs saw their odds tick up slightly from +750 to +700. Now, they sit at +800, which is really more of the sportsbooks declaring the Bills the favorite than any knock on the Bucs. They’ve made it quite clear that Bills-Bucs is their projected Super Bowl 57 matchup.

The Chiefs are now in sole possession of third place

For a while, the Chiefs, Packers, and Rams all had the same odds. Now, the Chiefs sit firmly in third at +900. This is likely a confidence play in Patrick Mahomes. Nothing has really changed for the Chiefs since trading away Hill.

They did address their wide receiver situation by selecting Skyy Moore in the second round of the NFL draft. However, he’s unlikely to move the needle much in Year 1. The reality is Mahomes has hosted the AFC Championship Game in all four of his seasons as a starter. His presence alone keeps the Chiefs amongst the favorites to win Super Bowl 57.

There’s a slight gap between the Chiefs and the Packers/Rams

The Packers are at +1100, and the Rams are at +1200. It appears sportsbooks are knocking Rodgers for his lack of receivers more than Mahomes. That’s fair, considering Mahomes has reached the Super Bowl more times in the past three years than Rodgers has in his career.

The Chiefs also did a better job at addressing their wide receiver problem. While neither can replace Hill and Adams, the Packers are heading into the season with Allen Lazard, Sammy Watkins, and Randall Cobb as their presumptive top three receivers. Rookie second-rounder Christian Watson could crack that starting lineup soon enough, though.

The Rams may be the defending Super Bowl champions, but I don’t think anyone would mistake them for an unstoppable juggernaut. After all, the Rams were one dropped interception away from not even making it to the Super Bowl.

The Rams lost Robert Woods but gained Allen Robinson. LA also lost Andrew Whitworth to retirement but re-signed a couple of other offensive linemen. Their biggest loss was Miller, but hey, Aaron Donald is back. The Rams’ odds are right around where they should be at +1200.

Are there any other Super Bowl 57 odds of note?

Here are a couple of quick hitters that I think may be worth a sprinkle.

The Ravens are a great value at +2200. They are due for a lot of positive regression after last year’s injury-riddled season.

Philadelphia isn’t the worst long shot at +4000. We’ve seen them surprise before with a young quarterback.

If you really want to swing, Jimmy Garoppolo has started a Super Bowl and almost made a second. The Panthers have the standard “they have no chance” +10000 odds. If they trade for Garoppolo, they’re a team with enough talent to surprise. It’s a super long shot and not necessarily one I would bet. But if you’re into lottery plays, the Panthers make the most sense out of the teams in the “they can’t win” category.

Jason Katz is a Fantasy Analyst at Pro Football Network. You can follow him on Twitter: @jasonkatz13 and find more of his work here.


Every day, get free NFL updates sent straight to your inbox!