2025 NFL MVP Odds, Race: Allen, Jackson Favored; Herbert Leaps

NFL Week 3 is almost in the books, and it’s already clear that this year’s MVP race is gonna be a barnburner.

Let’s take a look at the oddsboard at DraftKings Sportsbook as of Sept. 22, as well as what to know about each contender.

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2025-26 NFL MVP odds

Josh Allen, QB, Bills: +275 
Last week: +300

What to know: Allen is the reigning MVP, and already has a season-defining win under his belt — a Week 1 comeback win over the Ravens. Through three weeks (3-0), he has five passing TDs, two rushing TDs and zero interceptions. The Bills are staring at a 7-0 start, with their next four games coming against New Orleans, New England, Atlanta and Carolina.

Lamar Jackson, QB, Ravens: +275 
LW: +300

What to know: Jackson is a two-time MVP, and finished second in the MVP race by the narrowest of margins last season. If not for that Week 1 loss to Buffalo, conventional wisdom says he’d be the outright betting favorite. The Ravens are 1-1 going into a showdown with Detroit on Monday Night Football. Jackson has seven total TDs through two weeks and no interceptions.

Justin Herbert, QB, Chargers: +550 
LW: +1200

What to know: Is Herbert becoming the superstar everyone thinks he is? He made the biggest leap of the week, after carrying his Chargers past the division rival Broncos to move to 3-0. Herbert leads the NFL in passing yards (860) and is third in passing TDs (6).

Jordan Love, QB, Packers: +1400
LW: +700

What to know: Love had a rough Week 3, but most QBs struggle when they take on that Browns defense. The Packers suffered their first loss of the year, and he threw for 183 yards, a touchdown and a pick. His offense only managed 10 points in Cleveland.

Patrick Mahomes, QB, Chiefs: +1600 
LW: +1800

What to know: Mahomes is the only other two-time regular-season MVP on this list, and his Chiefs got their first win in Week 3. Sounds funny to say, right? Mahomes is not looking like his old self, as he has completed 60% of his passes just once this season and has a 3:1 TD:intereption ratio. 

Jalen Hurts, QB, Eagles: +1600 
LW: +1700

What to know: Hurts is the consummate winner at QB. His Eagles are now 3-0 after eking past the Rams on Sunday, and Hurts threw his first touchdown passes of the season — three of them in the second half against L.A. He also tacked on a rushing touchdown, and has four of those on the year.

Jayden Daniels, QB, Commanders: +1700
LW: +1300

What to know: Daniels is hurt, and did not play in the Commanders’ 41-24 win over the Raiders in Week 3. He could be back under center in Week 4 against the Falcons.

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