The Thunder just won their first NBA title and are the clear favorites to win it again next year. Who are the top challengers?

The Oklahoma City Thunder are the 2025 NBA champions after outlasting the Indiana Pacers in a thrilling seven-game series. Oklahoma City captured its first title Sunday night behind a standout performance from Shai Gilgeous-Alexander,

Denver has +1,500 odds — meaning a $100 bet would win $1,500 — to win the 2025-26 championship, according to DraftKings Sportsbook. The Nuggets have the seventh-best odds behind the Thunder (+225), Rockets (+750), Cavaliers (+850), Knicks (+850), Timberwolves (+1,300) and Lakers (+1,400).