The Florida Panthers and Dallas Stars are currently considered the top contenders for the 2025 Stanley Cup. The Dallas Stars have improved their odds significantly after a successful trade deadline, notably acquiring star winger Mikko Rantanen from the Carolina Hurricanes. The Stars are slightly favored to win the Western Conference, followed closely by the Edmonton Oilers, Colorado Avalanche, and Winnipeg Jets.

Despite holding the league`s best record and being the frontrunners for the President`s Trophy, the Washington Capitals are positioned third in the Eastern Conference odds. The Florida Panthers and Carolina Hurricanes are currently favored over them in the East. Meanwhile, the New Jersey Devils have seen their Stanley Cup odds decrease from 30-1 to 40-1 due to key injuries to Dougie Hamilton and Jack Hughes.

Below are the latest odds for each team to win their division, conference, and the Stanley Cup for the 2024-25 NHL season.