2025 March Madness Odds: UConn Leads Odds Boards As Favorite To Win Again


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Odds for next year’s March Madness winner have already opened, and UConn tops all odds boards as the favorite at +1000. Kansas is right behind at +1100, followed by Duke (+1500), Alabama (+1500), and Houston (+1800) rounding out the top five.

Odds will continue to shift as players transfer and declare for the NBA draft, so make sure to check in as the season gets closer. We have a breakdown of the current odds below.

2025 March Madness futures odds

You can already find odds for betting on March Madness for 2025 on DraftKings, FanDuel, BetMGM, Caesars, and more.

March Madness odds movement

TeamCurrent March Madness odds2024-25 opening odds
UConn+1500
Kansas+1200
Duke+1100
Alabama+1500
Houston+1500
North Carolina+1500
Gonazaga+3000
Baylor+3000
Arizona+2000
Arkansas+4000

Odds to win the Wooden Award

Looking for more sports betting options on March Madness? Another popular wager is on which player will win the Wooden Award, which goes to the player deemed to be the most outstanding for the tournament as a whole. Below are the odds for the contenders.

Where can I bet on March Madness?

College basketball betting can be confusing, especially when certain states have laws that do not allow wagers on certain teams. Below we go over how state-by-state laws can vary when it comes to March Madness betting.

StateCan I bet on March Madness?In-state teams?Player props?
ArizonaYesYesNo
ArkansasYesYesYes
ColoradoYesYesNo
ConnecticutYesYes (tournament only)Yes (out-of-state teams only)
D.C.YesNoYes
DelawareYesNoYes (out-of-state teams only)
FloridaYesYesNo
IllinoisYesNoNo
IndianaYesYesYes (out-of-state teams only)
IowaYesYesNo
KansasYesYesYes
KentuckyYesYesYes
LouisianaYesYesNo
MaineYesNoYes (out-of-state teams only)
MarylandYesYesNo
MassachusettsYesYes (tournament only)No
MichiganYesYesYes
MississippiYesYesNo
MontanaYesYesYes
NevadaYesYesYes
New HampshireYesNoNo
New JerseyYesNoYes (out-of-state teams only)
New MexicoYesYesYes
New YorkYesNoNo
North CarolinaYesYesYes
OhioYesYesNo
OntarioYesYesYes
OregonNot online; in person onlyYesNo
PennsylvaniaYesYesNo
Rhode IslandYesNoYes (out-of-state teams only)
South DakotaYesNoNo
TennesseeYesYesNo
VermontYesYes (tournament only)No
VirginiaYesNoNo
WashingtonYesNoNo
West VirginiaYesYesNo
WyomingYesYesYes
YearWinning teamPreseason oddsDid the preseason favorite win?
2024UConn+2000No
2023UConn+8000No
2022Kansas+1400No
2021Baylor+10000No
2019Virginia+1350No
2018Villanova+2700No
2017UNC+1900No
2016Villanova+2500No
2015Duke+900No
2014UConn+6500No
2013Louisville+700No

March Madness odds FAQ

Who is the current favorite to win March Madness?

Duke opened as the current favorite to win the 2025 March Madness tournament, but UConn is now favored to three-peat for the title.

What are UConn’s current odds to win March Madness?

The Huskies are getting odds of +1000 on DraftKings to navigate March Madness for a third straight year.

Where can I bet on March Madness?

March Madness odds are available at sportsbooks throughout the country in states where betting is legal. That will include North Carolina, where legal online sports betting will launch on March 11, just in time for the NCAA Tournament. Check the regulations of your specific state to see if there are restrictions when it comes to betting on in-state colleges.