- The Dallas Stars and Florida Panthers have emerged as the new Stanley Cup favorites following the 2025 NHL Trade Deadline
- The Stars surged in the odds after acquiring superstar forward Mikko Rantanen from the Carolina Hurricanes
- Read below for the latest 2025 Stanley Cup odds for all the top contenders
The 2025 NHL trade deadline has reshaped the Stanley Cup odds landscape, with the Dallas Stars and Florida Panthers emerging as the new betting favorites. The Stars made the splashiest move, landing superstar forward Mikko Rantanen in a blockbuster deal with the Carolina Hurricanes.
The Panthers weren’t far behind, countering the Stars by acquiring veteran forwards Brad Marchand and Seth Jones to bolster their repeat bid. The Edmonton Oilers, meanwhile, saw their odds slightly lengthen despite some depth additions.
Here are the updated Stanley Cup odds for the top contenders following a wild NHL trade deadline. See a deeper dive into the biggest risers and fallers below.
2025 Stanley Cup Odds
| Team | Stanley Cup Odds |
|---|---|
| Florida Panthers | +500 |
| Dallas Stars | +600 |
| Edmonton Oilers | +700 |
| Colorado Avalanche | +900 |
| Vegas Golden Knights | +1000 |
| Washington Capitals | +1100 |
| Carolina Hurricanes | +1200 |
| Toronto Maple Leafs | +1300 |
| Winnipeg Jets | +1300 |
| Tampa Bay Lightning | +1300 |
Odds as of March 7th, 2025 at FanDuel Sportsbook.
Stars’ Cup Odds Surge After Rantanen Trade
The Dallas Stars made the biggest splash of the 2025 NHL trade deadline, acquiring superstar winger Mikko Rantanen from the Carolina Hurricanes. The Stars shipped out top prospect Logan Stankoven and two first-round picks to land Rantanen, who immediately signed an eight-year, $96 million extension.
The blockbuster deal caused Dallas’ Stanley Cup odds to surge from +900 to +600 at FanDuel. The Stars now boast arguably the league’s most fearsome top line with Rantanen joining young stars Jason Robertson and Roope Hintz. The trio combines for 215 points in 184 games this season.
Dallas also bolstered their depth earlier in the week, landing forwards Mikael Granlund and Cody Ceci. With the second-best goal differential (+48) in the West and Rantanen elevating an already high-octane offense, the Stars look primed to make a deep playoff run as the co-favorites at +600.
Panthers Bolster Odds to Repeat as Cup Champs
Not to be outdone by the surging Stars, the defending champion Florida Panthers made their own all-in moves at the deadline. The Panthers acquired veteran forwards Brad Marchand from Boston and Seth Jones from Chicago, improving their Cup odds from +800 to +500 to seize the top spot at FanDuel.
Marchand, 38, is a pending UFA but brings a wealth of playoff experience (135 games) and grit to a Panthers squad aiming to replicate last year’s physical, defensive formula. He’ll slot in on the second line once Matthew Tkachuk returns from injury, while Jones solidifies a blue line that ranked 12th in goals against.
The Panthers, like the Stars, also added depth in the form of faceoff specialist Nico Sturm (62.1% win rate). Though questions linger about Marchand’s fit and Jones’ consistency, Florida’s aggressive deadline signals they’re all-in on securing the franchise’s first back-to-back Cups.
Oilers Slide in Odds Despite Additions, Hurricanes Puzzle
Not all Cup contenders saw their odds shorten post-deadline. The Edmonton Oilers’ odds lengthened slightly from +650 to +700 at FanDuel, underscoring growing concerns about their recent form (3-8 in last 11 games). Edmonton added gritty forward Trent Frederic and defenseman Jake Walman but didn’t address their goaltending issues.
With Stuart Skinner struggling (.891 save percentage since February 1) and a potential first-round date with the reigning champion Colorado Avalanche looming, the Oilers’ path appears treacherous. The deadline moves may not be enough to get Connor McDavid and Leon Draisaitl over the hump.
The Carolina Hurricanes saw the most perplexing deadline, trading Rantanen to Dallas just 13 games after acquiring him from Colorado. While they recouped prospects and picks, the decision to move an established star raised eyebrows. Carolina’s odds grew longer (+800 to +1200) with lingering questions about their scoring depth and Frederik Andersen’s consistency in net.
Other Teams to Watch Post-Deadline
Washington Capitals (+10,000 to +1100): The Capitals have authored the season’s most improbable surge, riding a 16-game home point streak from +10,000 longshots to +1100 contenders. Alex Ovechkin’s 42 goals lead the way, but they resisted mortgaging the future at the deadline. Can their mix of savvy vets and emerging youth sustain the magic?
Winnipeg Jets (+1100 to +1300): The Jets added Luke Schenn and Brandon Tanev at the deadline to remain steady contenders. Their league-leading defense (2.31 goals against average) and red-hot February (11 straight wins) have Scott Arniel’s club looking dangerous. Not adding a top-six forward is a gamble, but the Jets clearly trust their depth.
Tampa Bay Lightning (+2000 to +1300): Never count out the battle-tested Lightning core come playoff time. Tampa reunited with two-way forward Yanni Gourde and added scoring touch in Oliver Bjorkstrand to strengthen the bottom six around Nikita Kucherov, Brayden Point and Victor Hedman. With Andrei Vasilevskiy finding his groove, the Bolts could be a sneaky pick to emerge from the East.
As the NHL trade deadline has come and gone, teams across the league have made significant moves to bolster their rosters for a playoff push. With these changes in mind, oddsmakers have adjusted their Stanley Cup odds for the remaining contenders.
One of the biggest winners of the trade deadline was the Colorado Avalanche, who added veteran goaltender Devan Dubnyk to provide depth in net behind starter Philipp Grubauer. The Avalanche were already considered one of the top teams in the league, and their odds have only improved with this acquisition.
The Toronto Maple Leafs also made a splash at the deadline, acquiring forward Nick Foligno from the Columbus Blue Jackets. Foligno brings leadership and playoff experience to a team that is looking to make a deep run in the postseason. The addition of Foligno has boosted the Maple Leafs’ Stanley Cup odds significantly.
On the other hand, some teams saw their odds drop following the trade deadline. The Tampa Bay Lightning, who won the Stanley Cup last season, were relatively quiet at the deadline and did not make any major moves to improve their roster. As a result, their odds to repeat as champions have slightly decreased.
The Vegas Golden Knights also saw their odds dip slightly after making a few smaller moves at the deadline. While they are still considered one of the top teams in the league, their odds have shifted slightly due to the lack of a major acquisition.
Overall, the Stanley Cup odds have shifted following the NHL trade deadline, with some teams seeing their chances improve while others have seen a slight decrease. As the playoffs approach, it will be interesting to see how these moves impact the race for the Stanley Cup. Fans can expect an exciting and competitive postseason as teams battle it out for hockey’s ultimate prize.
