The current 2023-24 Denver Nuggets NBA championship odds are . The Nuggets are fresh off their first NBA Championship after dominating the entire postseason, boasting a 16-4 record in their 20 playoff games. After securing the No. 1 seed in the Western Conference, Denver knocked off Minnesota, Phoenix, Los Angeles (Lakers), and, finally, Miami. While the Nuggets didn’t face a team like Boston or Milwaukee, their dominance should instill some confidence that this was not a fluke. However, the question on everyone’s minds is if they can repeat it. Check out the odds for Denver to win the title below and see our reasoning for why we believe it could once again be a championship-caliber team!
Denver Nuggets NBA Championship Odds & Futures 2023-24
The current odds for all available Denver futures are listed below. These futures include the Nuggets’ championship, conference, and division odds, with their win total following shortly after!
Denver Nuggets NBA Championship Odds & Futures Odds (Updated September 2023)
2023 NBA Championship Odds Western Conference Winner Odds Northwest Division Odds Regular Season Win Total Odds Odds To Reach Playoffs
Few players in the history of the NBA have had playoff performances as dominant as Nikola Jokic; however, Jokic was not alone in his heroic efforts. Jamal Murray stepped up in the biggest way, cementing his label as a “star,” by posting averages of 26 points, seven assists, and six rebounds on a 47/40/93 shooting split. Murray significantly increased his scoring output in the postseason, which gave the Nuggets an unbeatable dynamic duo.
Don’t expect Denver to slow down at all; the only major contributor it could lose this off-season is Bruce Brown. However, there is still a chance that Brown returns next season. In case he elects to sign elsewhere, the Nuggets drafted Julian Strawther, a 6-foot-7 guard/forward who shot 41% from deep last season and contributed majorly on the glass.
All things considered, Denver is yet again in a fantastic position to be the best team in the Western Conference behind its relatively youthful and cohesive core. Check out our reasoning for why the Nuggets can win another NBA Championship below!
Reasons Why Denver Nuggets Can & Can’t Win NBA 2023-24 Championship
- Nikola Jokic: While this strength is somewhat hilarious to list out, considering he is a single player in a league that almost always requires multiple superstars to win championships, Jokic still has an impossibly positive impact on the game. Jokic posted a PER (Player Efficiency Rating) of 31.70 last season, the seventh-highest rating achieved in the history of the NBA. Additionally, he has the second-highest career PER of all time, with just Michael Jordan ahead of him. Denver has a mile-high ceiling over the next few seasons if it can keep together its core of Jamal Murray, Kentavious Caldwell-Pope, Michael Porter Jr, Aaron Gordon, and Jokic.
- Shooting: As expected, Denver finished as one of the best shooting teams in the NBA last season. The Nuggets ranked fourth in 3P% and second in eFG%, only behind the elite Sacramento Kings. Denver has a number of players shooting close to or greater than 39% from deep, including Jamal Murray, Kentavious Caldwell-Pope, Nikola Jokic, Michael Porter Jr, and Vlatko Cancar. Three-point shooting and efficiency around the rim are two areas that nearly every title contender has on a year-in and year-out basis; Denver certainly checks this box.
- Intangibles: Denver does all of the “little things” exceptionally well; it doesn’t foul (fourth-fewest), moves the ball and scores off of assists (second-most), and rebounds the ball on both ends (fourth-highest rebounding percentage.) A large portion of this success comes from having several high-IQ players like Kentavious Caldwell-Pope, Bruce Brown, Nikola Jokic, and Aaron Gordon.
- Depth: The Nuggets were blessed with good health this past season after having multiple years with substantial injuries to significant players; however, even with everyone healthy, their depth was a weakness at times. While Christian Braun and Bruce Brown stepped up in major ways, Denver still could not afford to pull Jokic or Murray off the floor in the playoffs for more than one or two minutes at a time. If Jokic or Murray were to be banged up, the Nuggets’ ceiling instantaneously plummets. Further, if Brown opts to sign somewhere else, the Nuggets’ bench depth will undoubtedly be amongst the weakest in the league.