Broncos Super Bowl LIX odds: What sportsbooks think of Denver’s chances after 2023 NFL season’s end

The 2023 NFL season came to an end on Sunday after the Chiefs defeated the 49ers, 25-22, in overtime to win Super Bowl LVIII and back-to-back Lombardi Trophies. While they celebrate in Kansas City, the other 29 teams in the league look ahead to the 2024 season.

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For the Broncos — who missed the playoffs for the eighth straight year — are looking to reach the postseason for the first time since winning Super Bowl 50. Their chances of adding a fourth Lombardi Trophy next year? Oddsmakers aren’t too optimistic.

The Broncos have +10,000 odds — meaning a $100 bet would win $10,000 — to win Super Bowl LIX in New Orleans next year, according to all five sportsbooks (BetMGM, Caesars, DraftKings, Fanduel and SI Sportsbook) surveyed. This places them with the 24th- to 26th-best odds among all NFL teams, depending on the oddsmaker.

The 49ers, who, despite coming up short on Sunday, are the favorites to win it next year with odds between +500 to +550. The Chiefs are unanimously second at +650 to +750. They’re followed by the Ravens (+850 to +1,000), the Bills (+1,000 to +1,200) and the Lions (+1,200).

This is a big drop-off for Denver compared to the previous two years. Entering the 2022 season, the Broncos’ championship odds ranged from +1,600 to +2,200. Last year, they had +3,000 to +4,500 odds.

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