The Florida Panthers conquered the Edmonton Oilers for the second year in a row, and are listed as +700 favorites to pull off the three-peat according to the 2026 Stanley Cup odds.
But they won't be able to rest on their laurels, as the Vegas Golden Knights and the New York Rangers, among others, are re-tooling by adding big names like Mitch Marner and Vladislav Gavrikov with NHL free agency officially underway.
Here's an early look at the NHL odds to hoist Lord Stanley's hardware next season.
🏆Stanley Cup Final 2025-26 odds
| Team | Odds |
|---|---|
 Florida Panthers |
+700 |
 Vegas Golden Knights |
+850 |
 Carolina Hurricanes |
+850 |
 Edmonton Oilers |
+850 |
 Colorado Avalanche |
+900 |
 Dallas Stars |
+900 |
 Tampa Bay Lightning |
+1600 |
 New Jersey Devils |
+1800 |
 Los Angeles Kings |
+1900 |
 Winnipeg Jets |
+2200 |
 Toronto Maple Leafs |
+2400 |
 New York Rangers |
+2500 |
 Washington Capitals |
+2900 |
 Ottawa Senators |
+3100 |
 Utah Mammoth |
+3300 |
 Minnesota Wild |
+3800 |
 St. Louis Blues |
+4800 |
 Vancouver Canucks |
+6000 |
 Montreal Canadiens |
+6500 |
 New York Islanders |
+7500 |
 Philadelphia Flyers |
+7500 |
 Calgary Flames |
+8500 |
 Columbus Blue Jackets |
+8500 |
 Nashville Predators |
+9000 |
 Detroit Red Wings |
+10000 |
 Boston Bruins |
+12000 |
 Buffalo Sabres |
+14000 |
 Seattle Kraken |
+23000 |
 Pittsburgh Penguins |
+26000 |
 Anaheim Ducks |
+32000 |
 Chicago Blackhawks |
+50000 |
 San Jose Sharks |
+50000 |
Odds courtesy of FanDuel as of 7-1.
Three straight runs at the Cup won't do the Florida Panthers any favors next year. The Carolina Hurricanes will likely stand in their way once again, and we could see a resurgence from the New York Rangers.
The Rangers went from +3400 to +2500 after signing Vladislav Gavrikov to shore up their blueline.
But Gavrikov was far from the biggest name off the board on Day 1 of NHL free agency. Mitch Marner was involved in a sign-and-trade and is off to Sin City as the Toronto Maple Leafs moved him to the Vegas Golden Knights, who went from +1200 to +850 in the Stanley Cup betting.
2026 Stanley Cup prediction
Now that I've told you why the Hurricanes are favored, let me tell you why they aren't winning. Because only one team can win the Cup, and the team to do that in 2026... will be the Toronto Maple Leafs.
WHOA WHOA WHOA WAIT A MINUTE! At least let me explain.
Toronto may be losing Mitch Marner, but the Leafs have $25 million in cap space to fill out the rest of their roster nicely, and an un-concussed Anthony Stolarz in net that was looking like a bona fide No. 1.
Don't pretend like the Maple Leafs weren't the only team to take Florida to seven. Don't pretend like the Maple Leafs weren't a Brad Marchand overtime goal away from a 3-0 lead.
Toronto will return with a deeper roster, and this time, the Cats won't be clawing back. With a price tag of +2400, there's simply too much value for me to pass up.
Pick: Toronto Maple Leafs (+2400)
⏱️ Stanley Cup odds over time
Here is a look at how the 2024-25 Cup odds played out!
Stanley Cup betting splits
Highest ticket percentage:
• Maple Leafs: 11.0%
• Avalanche: 10.0%
• Oilers: 9.3%
Highest handle percentage:
• Maple Leafs: 12.1%
• Oilers: 11.4%
• Avalanche: 10.4%
Books breathed a sigh of relief when Florida won, as the Cats didn't crack the Top 3 in either ticket handle or percentage.
⚙️ Covers NHL betting tools
Opening Stanley Cup odds
- Florida Panthers: +1000
- Dallas Stars: +1100
- Toronto Maple Leafs: +1300
- New Jersey Devils: +1300
- Colorado Avalanche: +1300
- Carolina Hurricanes: +1300
- New York Rangers: +1300
- Edmonton Oilers: +1400
- Vegas Golden Knights: +1800
- Vancouver Canucks: +1800
- Boston Bruins: +2000
- Los Angeles Kings: +2200
- Tampa Bay Lightning: +2500
- Minnesota Wild: +3200
- Calgary Flames: +3200
- Pittsburgh Penguins: +3500
- Ottawa Senators: +3800
- Buffalo Sabres: +4000
- Winnipeg Jets: +4000
- Detroit Red Wings: +4000
- New York Islanders: +4500
- Nashville Predators: +5000
- Seattle Kraken: +5000
- St. Louis Blues: +5500
- Washington Capitals: +5500
- Chicago Blackhawks: +9000
- Philadelphia Flyers: +9000
- Montreal Canadiens: +12000
- Columbus Blue Jackets: +13000
- Arizona Coyotes: +13000
- San Jose Sharks: +14000
- Anaheim Ducks: +15000
📈 Stanley Cup betting trends
Here are some trends you may want to consider before placing a bet on the Stanley Cup.
- Repeat winners are more common than you think. Since 2010, the Pittsburgh Penguins and Tampa Bay Lightning have successfully defended their Cup once. Florida now enters that elite group.
- Top teams from the beginning of the year typically go on to win the Cup. Since 2010, just five teams with odds above +1,000 have gone on to hoist Lord Stanley.
- In the last 10 seasons, the Eastern Conference has won seven Cups.
- The President’s Trophy winner has gone on to win the Stanley Cup just eight times in the 35 years that both trophies have been awarded.
- A team has won 2+ consecutive Stanley Cups 16 times, with the Panthers just completing the task.
- The runners-up have gone on to win the Stanley Cup in the following season only once since 1990 (Pittsburgh Penguins 2009).
Despite losing in the Eastern Conference Finals again, books think next year may be the year for the Carolina Hurricanes. Following suit are familiar faces in Florida and Edmonton.
👑 Past Stanley Cup winners
Here are the last 15 winners of the Stanley Cup, their odds of winning just before the playoffs began (courtesy of Sports Odds History), and the team that lost in the Stanley Cup Finals.
| Season | Stanley Cup Winners | Odds before playoffs | Runner Up |
|---|---|---|---|
| 2024-25 | Florida Panthers |
+1000 | Edmonton Oilers |
| 2023-24 | Florida Panthers |
+800 | Edmonton Oilers |
| 2022-23 | Vegas Golden Knights |
+1,200 | Florida Panthers |
| 2021-22 | Colorado Avalanche |
+325 | Tampa Bay Lightning |
| 2020-21 | Tampa Bay Lightning |
+800 | Montreal Canadiens |
| 2019-20 | Tampa Bay Lightning |
+650 | Dallas Stars |
| 2018-19 | St. Louis Blues |
+1,250 | Boston Bruins |
| 2017-18 | Washington Capitals |
+1,225 | Vegas Golden Knights |
| 2016-17 |  Pittsburgh Penguins |
+770 | Nashville Predators |
| 2015-16 | Pittsburgh Penguins |
+650 | San Jose Sharks |
| 2014-15 | Chicago Blackhawks |
+800 | Tampa Bay Lightning |
| 2013-14 | Los Angeles Kings |
+1,400 | New York Rangers |
| 2012-13 | Chicago Blackhawks |
+400 | Boston Bruins |
| 2011-12 | Los Angeles Kings |
+2,200 | New Jersey Devils |
| 2010-11 | Boston Bruins |
+800 | Vancouver Canucks |
| 2009-10 | Chicago Blackhawks |
+450 | Philadelphia Flyers |
As the Lightning appear set to fade a bit, the Panthers have reached consecutive Cup Finals and are favored to do it again next year.
🥅 NHL teams with the most Stanley Cups
| Team | Stanley Cup wins | Stanley Cup appearances |
|---|---|---|
| Montreal Canadiens |
24 | 35 |
| Toronto Maple Leafs |
13 | 21 |
| Detroit Red Wings |
11 | 24 |
| Boston Bruins |
6 | 20 |
| Chicago Blackhawks |
6 | 13 |
| Edmonton Oilers |
5 | 8 |
| Pittsburgh Penguins |
5 | 6 |
| New York Islanders |
4 | 5 |
| New York Rangers |
4 | 11 |
| Colorado Avalanche |
3 | 3 |
| New Jersey Devils |
3 | 5 |
| Tampa Bay Lightning |
3 | 5 |
The Habs have a comfortable lead in the clubhouse but haven't hoisted Lord Stanley's Cup since 1993 — the last Canadian-based team to do so.
Stanley Cup Odds FAQs
The Carolina Hurricanes opened as the favorites to win the Stanley Cup in 2026.
The Anaheim Ducks, Chicago Blackhawks, and San Jose Sharks are all +50000 to win the Stanley Cup in 2026.
The Florida Panthers won their second Stanley Cup in a row in 2025, beating the Edmonton Oilers in six games.
The 2025 Stanley Cup Final will begin sometime in June.
