The biggest domino of the NBA offseason has finally fallen, as LeBron James has decided to join the Philadelphia 76ers on a two-year, $8 million contract.
As a result, the Sixers have gone from +2700 to +1100 in the NBA championship odds.
Let's take a look at the latest NBA odds.
🏆 Latest 2027 NBA Championship odds
| Team |  |
|---|---|
 Spurs |
+260 |
 Thunder |
+260 |
 Knicks |
+850 |
 76ers |
+1100 |
 Celtics |
+1200 |
 Heat |
+1800 |
 Nuggets |
+2200 |
 Raptors |
+2200 |
 Timberwolves |
+2200 |
 Cavaliers |
+2500 |
Odds updated as of 7-24, courtesy of bet365, one of our best betting sites. Sign up with our bet365 promo code, or get one of our other sportsbook promos.
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The 76ers' busy offseason continues, with LeBron James being their latest acquisition. The living legend will join Jaylen Brown and Joel Embiid in pursuit of a fifth championship ring.
Philly immediately fell from +2700 to +1100 following the news.
The Spurs and Thunder are still seen as the teams to beat, thought their odds both crept up slightly from +250 to +260 after the LeBron signing.
NBA Championship trends
- Since the Warriors' 2018 repeat, the NBA has seen eight different champions in eight years. This is the longest such streak since the late 1970s.
- 23 of the last 26 champions ranked in the Top 10 in Defensive Rating during the regular season.
- 24 of the last 26 champions were Top 5 in either Offensive or Defensive efficiency.
- Since 2019, nearly every champion has been led by a non-U.S. superstar or a team built on international depth.
🏀 Recent NBA Finals winners
| Year | Team | Opening Odds |
| 2026 | New York Knicks |
+700 |
| 2025 |  Oklahoma City Thunder |
+950 |
| 2024 |  Boston Celtics |
+550 |
| 2023 |  Denver Nuggets |
+1400 |
| 2022 |  Golden State Warriors |
+1200 |
| 2021 |  Milwaukee Bucks |
+500 |
| 2020 |  Los Angeles Lakers |
+1800 |
| 2019 |  Toronto Raptors |
+6600 |
| 2018 | Golden State Warriors |
-168 |
| 2017 | Golden State Warriors |
+215 |
Odds courtesy of Sports Odds History.
NBA Championship Odds FAQs
The San Antonio Spurs and Oklahoma City Thunder (+260) are the favorites to win the 2027 NBA Championship.
The New York Knicks won the 2026 NBA title, defeating the Spurs 4-1 in the NBA Finals.
NBA Championship odds above are in American format, meaning a $100 bet at odds of +250 would profit $250 if it wins.
Oddsmakers at sportsbooks create odds to win the NBA Championship based on the team's implied probability to win the title. The team with the lowest odds has the best chance to win the NBA Championship.
The Los Angeles Lakers are currently +3500 to win the 2027 NBA title.
Odds typically update in real time based on playoff outcomes, injuries, and market movement.
Most legal sportsbooks offer NBA Finals futures, including bet365, FanDuel, BetMGM, Caesars, and DraftKings.
