Nuggets championship odds 2024 after news of Damian Lillard’s trade to Bucks

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Damian Lillard (0) of the Portland Trail Blazers pumps his fist after making a three over Nikola Jokic (15) of the Denver Nuggets during the fourth quarter of the Trail Blazers' series-clinching 100-96 win on Sunday, May 12, 2019. The Denver Nuggets versus the Portland Trail Blazers in game seven of the teams' second round NBA playoff series at the Pepsi Center in Denver.

The defending NBA champions’ odds to repeat have improved, but they are no longer the favorites to bring home the Larry O’Brien trophy.

Nikola Jokic and the Denver Nuggets have +475 odds — meaning a $100 bet would win $475 — to win the title next season, according to both BetMGM and DraftKings Sportsbook, as of Monday afternoon, an improvement from their +500 odds following the end of last season. But with the news of Portland trading star guard Damian Lillard to Milwaukee, the Bucks are now the favorites at +400 and +390, respectively.

Denver also improved on Caesars Sportsbook, moving from +475 to +425, while Milwaukee improved to +375.

On Fanduel Sportsbook, however, Denver fell from +460 to +500, while both Bucks (+375) and Celtics (+425) moved past them.

The Miami Heat, last season’s runner-up, have fallen off and range from +2,200 to +3,000.

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