After trading long-time quarterback Aaron Rodgers to the New York Jets this offseason, the Green Bay Packers are set to enter a new era in 2023.
2020 first-round pick Jordan Love will take over the starting QB job with minimal experience under his belt and lots of eyeballs as he follows in the footsteps of a future Hall of Famer.
The good news for Love is that he has a very young team around him, and expectations aren’t sky-high after Green Bay missed the playoffs last season with Rodgers.
Let’s take a closer look at the latest Packers betting odds for the 2023 campaign.
Packers Futures Betting Odds
Note: These NFL betting odds are current as of Wednesday, June 28, and provided by DraftKings Sportsbook.
- Win Super Bowl: +6500
- Win NFC Championship: +3000
- Win NFC North: +475
- Make Playoffs: Yes (+190) / No (-225)
- Regular-Season Win Total: Over 7.5 (-110) / Under 7.5 (-110)
Packers Super Bowl 58 Odds
Packers: Win Super Bowl (+6500)
Although it’s been over a decade since the Packers hoisted the Lombardi Trophy, seeing them this far back in the Super Bowl odds is a bit weird.
The mere presence of Rodgers made Green Bay a preseason contender for the last 15 years, so I guess it’s fitting his absence justifies a significant drop in perceived expectations.
Still, this team won just eight games with Rodgers in the lineup last season and averaged fewer than 22 points per game.
While we don’t know what Love will bring to the table, he’ll likely need some time to gel with sophomore wideouts Christian Watson and Romeo Doubs.
Packers NFC Championship Odds
Packers: Win NFC Championship (+3000)
The Packers have long odds to win the NFC Championship this season, which might be a good thing for fans and bettors that have wagered on Green Bay consistently in recent years.
Rodgers led the Packers to five NFC Championship Game appearances in his time with the franchise, most recently in the 2020 season, but Green Bay won just one.
While most Packers fans would probably rather be in that position and suffer the heartbreak, bettors will take some comfort in saving money and avoiding this long shot.
Packers NFC North Winner Odds
Packers: Win NFC North (+475)
The Packers have sat atop the preseason NFC North odds for as long as I can remember, so seeing them on the bottom seems surreal.
Green Bay has won eight of the last 12 division titles and hasn’t finished last in the North since 2005, the year Rodgers was drafted.
However, times are changing.
While the Packers have some promising young talent on offense, and their defense is better than it gets credit for, there’s no denying that the Lions and Vikings are more likely to compete at this stage, and even the Bears are further along in their rebuild.
Packers Make Playoffs Odds
Packers: Miss Playoffs (-225)
Green Bay has +190 odds of making the NFL playoffs in 2023, implying a 34.5% chance of success.
The Packers haven’t been particularly active in free agency, with most of their more-established players, like Allen Lazard and Robert Tonyan, following Rodgers out the door.
GM Brian Gutekunst is going all-in on a youth movement, which is more likely to work out in the long run than in the short term.
Green Bay missing the playoffs is the play, but I would look to parlay it with another team to minimize the initial investment.
Packers Regular-Season Win Total Odds
Packers: Under 7.5 Wins (-110)
The Packers’ regular-season win total for 2023 is set at 7.5 games, with both the Over and Under evenly priced at -110.
Green Bay’s schedule has some winnable games, especially since it matches up with the entirety of the putrid NFC South.
Still, the Packers are only currently favored in five games this season at DraftKings, which means they’ll have to pull off some upsets to get over this win total.
I see this as a seven-win team, so I’m going Under.