2026 Stanley Cup Odds Tracker: Panthers Favored to Three-Peat

• Track the odds to win the Stanley Cup for all 32 NHL teams
• The Florida Panthers are slight Cup favorites over the Carolina Hurricanes
• The graphs below show the movement in the Stanley Cup odds, starting in the offseason

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This page tracks all 32 NHL teams’ odds to win the 2026 Stanley Cup. The graphs below were generated by calculating the average odds for each team from a variety of online sportsbooks.

You can see the latest 2026 NHL Stanley Cup odds here, along with how each team fares in the odds throughout the course of the 2025-2026 NHL season.

The Florida Panthers are looking to three-peat after winning back-to-back championships. Florida sits at +600 at most NHL betting sites, with Carolina close behind at +800.

2026 NHL Stanley Cup Odds

The Florida Panthers are currently the favorites to win the 2026 Stanley Cup. At +600 average odds, the back-to-back champs are trying to become the first three-peat winner since the New York Islanders dynasty (1980-83).

Carolina sits second at +800, while Vegas follows closely at +850 after their blockbuster acquisition of Mitch Marner from Toronto.

Stanley Cup odds above are updated every 15-30 minutes from our top NHL betting apps, including DraftKings, FanDuel, and BetMGM. Sign up at FanDuel Sportsbook to bet on the Stanley Cup winner.

Odds to Win Stanley Cup 2026

Here are some more notes on the movement of the top contenders for the 2026 Stanley Cup:

• [June 30] Mitch Marner signs an 8-year, $96 million extension with Toronto before being traded to Vegas for Nicolas Roy.
• [June 17]: The Florida Panthers open as +600 favorites to three-peat as champions in 2026. Fresh off their second straight Cup victory over Edmonton, the Panthers look to join elite company with a third consecutive championship.

 

Stanley Cup Favorites for 2026

The current odds for the 2026 Stanley Cup show a tight race at the top. The Panthers and Golden Knights share favorite status, while the Oilers, Hurricanes and Avalanche round out the top five. Here’s a closer look at each favorite:

Florida Panthers

The back-to-back champs are chasing history. No team has won three straight Cups since the Islanders’ dynasty in the early ’80s. Florida kept their championship core intact, re-signing Sam Bennett, Aaron Ekblad and Brad Marchand to long-term deals.

The big question is fatigue. The Panthers have played 68 playoff games over the past three seasons. Can Sergei Bobrovsky maintain his elite form at age 37? Matthew Tkachuk is expected to miss the first two months with injury, testing their depth early.

Vegas Golden Knights

Vegas made the offseason’s biggest splash by landing Mitch Marner from Toronto. The $12 million winger joins Jack Eichel and Mark Stone to form hockey’s most dangerous top line. This franchise knows how to win, capturing the Cup in 2023.

The Golden Knights’ aggressive approach paid off before and could again. With Marner locked up for eight years, they have their championship window wide open. If healthy, this roster matches up with anyone.

Edmonton Oilers

The Oilers are on a revenge mission after losing consecutive Cup Finals to Florida. Connor McDavid and Leon Draisaitl remain the league’s most dynamic duo. But McDavid’s contract situation looms large – he can walk as a free agent next summer.

Edmonton’s window is now. They’ve addressed their goaltending concerns and added depth at the deadline. After coming within two wins of the Cup twice, this might be their last shot with McDavid. The pressure couldn’t be higher.

Carolina Hurricanes

Carolina went all-in this offseason, adding Nikolaj Ehlers and K’Andre Miller to an already loaded roster. They’re built for playoff hockey with a suffocating defense and balanced scoring throughout the lineup.

The Canes have everything except recent playoff success. They haven’t reached a conference final since 2019. But this might be their deepest team yet. Frederik Andersen’s health remains the X-factor.

Colorado Avalanche

The Avalanche retooled after trading Mikko Rantanen last season. Nathan MacKinnon and Cale Makar still form one of hockey’s best one-two punches. Colorado knows what it takes, winning the Cup in 2022.

Depth remains a concern after losing key pieces. But when MacKinnon is on, the Avs can beat anyone. They’re a popular dark horse pick at +900 odds.

Five Past Stanley Cup Winners

The Panthers completed their repeat in 2025, beating Edmonton in six games for the second straight year. Sam Reinhart’s four-goal Game 6 will go down as one of the great Finals performances. Sam Bennett took home the Conn Smythe Trophy.

It was the first Finals rematch since Detroit-Pittsburgh in 2008-09. The Oilers couldn’t solve Bobrovsky, who posted a .932 save percentage in the series. Edmonton has now lost back-to-back Finals, joining a short list of teams to suffer that fate.

Florida’s dynasty hopes are real. Only four teams have won three straight Cups in NHL history. The last? The New York Islanders from 1980-83. Before that, you have to go back to the Canadiens’ run from 1976-79.

The salary cap era makes three-peating nearly impossible. Tampa Bay came closest with back-to-back titles in 2020-21. The Panthers would cement themselves among hockey’s all-time great teams with another championship.

NHL Teams Searching for Their First Stanley Cup

Vancouver and Buffalo share the longest Cup droughts at 56 years each. The Canucks came agonizingly close in 2011, losing Game 7 at home to Boston. Buffalo hasn’t made the playoffs in 14 years now.

Utah surprised everyone in their inaugural season. The Jazz ownership group has deep pockets and commitment. They’re building the right way with young stars like Clayton Keller and Dylan Guenther.

The expansion teams have shown it’s possible to win quickly. Vegas captured the Cup in Year 6. Seattle made noise in Year 2. Utah could follow that blueprint with their promising young core.

Canadian Stanley Cup Winners

Canada’s Cup drought hit 32 years after Florida beat Edmonton again in 2025. The Oilers have now lost consecutive Finals, crushing the nation’s hopes twice.

Montreal’s 1993 championship feels like ancient history. Patrick Roy’s heroics delivered Canada’s last Cup. Since then, Canadian teams have reached the Finals eight times and lost them all.

The math is staggering. Seven Canadian teams make up 22% of the league but haven’t won in three decades. Edmonton remains the best hope with McDavid and Draisaitl, but the clock is ticking on that duo.

Toronto traded away Mitch Marner, breaking up their core. The Leafs haven’t won a playoff series since 2023. Their 58-year Cup drought is the longest active streak in the NHL.

Stanley Cup Odds FAQ

Who has the best odds to win the Stanley Cup?

The Florida Panthers have the best odds to win the 2026 Stanley Cup at +600, followed by Carolina at +800.

Who won the Stanley Cup last year?

The Florida Panthers won the 2025 Stanley Cup, defeating the Edmonton Oilers in six games for the second consecutive year.

Which NHL team has the most Stanley Cups?

The Montreal Canadiens have won a record 24 Stanley Cups.

When is the 2026 Stanley Cup Final?

The Stanley Cup Final will likely begin in late May or early June 2026, depending on the length of the earlier playoff rounds.

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Archived Stanley Cup Odds:

• 2025
• 2024
• 2023
• 2022
• 2021
• 2020
• 2019
• 2018