National Football League

2024 NFL Draft odds: Raiders favored to select Michael Penix Jr.

Updated Apr. 25, 2024 12:14 p.m. ET

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Michael Penix Jr. has seemed to solidify himself as a first-round pick in the 2024 NFL Draft, with one team increasingly becoming the favorite to select him. 

The Las Vegas Raiders' odds to draft the Washington quarterback have only shortened in the hours ahead of Thursday's first round, becoming +100 favorites to nab Penix.

As for where Penix will go, it seems increasingly likely that he'll be a first-round pick. It was reported earlier in April that it's "pretty likely" Penix would be selected in the first round and "likely" that he'd be one of the first 16 picks in the draft.

The odds have started to reflect that. The lefty quarterback has -400 odds to be a first-round pick. 

Let's take a look at all of the latest odds on Penix (via DraftKings Sportsbook).

TEAM TO DRAFT MICHAEL PENIX JR. ODDS

Las Vegas Raiders: +100 (bet $10 to win $20 total)
Minnesota Vikings: +450 (bet $10 to win $55 total)
Denver Broncos: +700 (bet $10 to win $80 total)
New York Giants: +750 (bet $10 to win $85 total)
New England Patriots: +1200 (bet $10 to win $130 total)
Atlanta Falcons: +1200 (bet $10 to win $130 total)
Los Angeles Rams: +1300 (bet $10 to win $140 total)
Seattle Seahawks: +1500 (bet $10 to win $160 total)

ODDS MICHAEL PENIX JR. IS A FIRST-ROUND PICK

Yes: -400 (bet $10 to win $12.50 total)

MICHAEL PENIX JR. DRAFT POSITION ODDS

Over 32.5: +285 (bet $10 to win $38.50 total)
Under 32.5: -370 (bet $10 to win $12.64 total)

ODDS MICHAEL PENIX JR. IS A TOP-10 PICK

Yes: +380 (bet $10 to win $48 total)

* odds as of 4/25/24

The Raiders' odds to select Penix moved from +250 three weeks ago to even odds. As the Raiders hold the 13th overall pick, Penix's odds of being a first-round pick have also dramatically improved, moving from +125 three weeks ago.

Many mock drafts also have Penix landing in the Sin City, with FOX Sports' Joel Klatt and Peter Schrager among them.

"The Raiders can go in a lot of directions here, but they have a lot of questions at quarterback," Klatt wrote in his final mock draft. "Penix is one of the most polarizing prospects in this draft, but I'm unsure why. What he was asked to do at Washington was what he'll be asked to do in the NFL. You don't have to project his success because we got to see him 15-to-20 times a game control the game from the pocket."

NFL Mock Draft 2.0: QB predictions ft. Michael Penix Jr, Drake Maye & J.J. McCarthy

While some expect Penix to land in Vegas, others think he could land in the Twin Cities. FOX Sports NFL Draft expert Rob Rang and FOX Sports' NFL staff have the Vikings selecting Penix with the No. 11 pick after missing out on the perceived top-four quarterback prospects. 

"Everything the Vikings have done in the offseason points to them targeting a skill-position star early in this draft, specifically a quarterback to replace Kirk Cousins," Rang wrote. "Penix is viewed by many in the media as a Day 2 selection, but league sources suggest he will be drafted in the top half of the first round."

"Realistically, Minnesota is the only quarterback-needy team that owns two first-round picks, and I don’t think they’ll sit pat with both of them," Carmen Vitali added in the FOX Sports NFL staff mock draft. "General manager Kwesi Adofo-Mensah armed himself with the No. 23 pick to be aggressive. However, if the Vikings don’t get their first choice, perhaps Penix Jr. is the better second choice."

Follow along with FOX Sports for the latest news on the NFL and other sports.

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