Going into the 2026-27 NHL season, three teams sit atop sportsbooks' Stanley Cup winner odds boards, with little consensus on a standalone favorite. The reigning champion Carolina Hurricanes are co-favorites at +650 at Draft Kings. They kept many championship pieces and shortened from +700, yet have drawn just 3.5% of the total handle at Bet MGM.

The Colorado Avalanche are +600 favorites at Caesars Sportsbook after dominating the 2025-26 regular season. A bad eight days in the Western Conference Finals extended the Presidents' Trophy winners' Stanley Cup drought to 13 seasons, but Colorado retained its core. The Avalanche lead Bet MGM with 9.4% of Stanley Cup wagers.

The Florida Panthers are favorites at Bet MGM and Fan Duel and co-favorites at Draft Kings, all at +650. Florida opened at 11-1 before acquiring Brady Tkachuk from the Ottawa Senators. Draft Kings reports 21% of its handle on Florida, while Bet MGM reports 8.9% of bets and 6.9% of handle. A consensus second tier features the Edmonton Oilers at +800 and Vegas Golden Knights at +850 at Draft Kings. The Oilers have taken 7% of Draft Kings' money.