The Florida Panthers and Dallas Stars have emerged as the favorites to win the 2025 Stanley Cup. The Stars’ rise is due to a productive trade deadline, which saw them acquire star winger Mikko Rnatanen from the Carolina Hurricanes. The Stars hold a slight edge over the Edmonton Oilers to win the Western Conference, followed by the Colorado Avalanche and Winnipeg Jets.

Despite having the best record in the league, and odds-on favorite status to win the President’s Trophy, the Washington Capitals are third in the odds to win the Eastern Conference behind the Panthers and Carolina Hurricanes. The New Jersey Devils have seen their odds fall from 30-1 to 40-1 to win the Stanley Cup after season-ending injuries to Dougie Hamilton and Jack Hughes.

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

Here are the available odds for teams to 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.

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