Major League Baseball

2024 MLB Cy Young Award odds: Tarik Skubal new AL favorite; Wheeler remains steady

Updated May. 9, 2024 11:26 a.m. ET

There's a new Cy Young favorite in the MLB, and it's Tarik Skubal.

Over the last month, the Detroit pitcher moved past Corbin Burnes to take the top spot in the AL.

In the NL, Spencer Strider's elbow injury early in the season led to a shake-up on the oddsboard.

Let's dive into the most recent odds at DraftKings Sportsbook.

American League Cy Young Odds: *

Tarik Skubal, Detroit Tigers: +250 (bet $10 to win $35 total)
Corbin Burnes, Baltimore Orioles: +400 (bet $10 to win $50 total)
Cole Ragans, Kansas City Royals: +900 (bet $10 to win $100 total)
Pablo Lopez, Minnesota Twins: +1500 (bet $10 to win $160 total)
Logan Gilbert, Seattle Mariners: +1500 (bet $10 to win $160 total)
George Kirby, Seattle Mariners: +1600 (bet $10 to win $170 total)
Luis Castillo, Seattle Mariners: +1800 (bet $10 to win $190 total)
Joe Ryan, Minnesota Twins: +2000 (bet $10 to win $210 total)
Kevin Gausman, Toronto Blue Jays: +2500 (bet $10 to win $260 total)
Tanner Houck, Red Sox: +2500 (bet $10 to win $260 total)

National League Cy Young Odds: *

Zach Wheeler, Philadelphia Phillies: +230 (bet $10 to win $33 total)
Tyler Glasnow, Los Angeles Dodgers: +550 (bet $10 to win $65 total)
Shota Imanaga, Chicago Cubs: +650 (bet $10 to win $75 total)
Dylan Cease, San Diego Padres: +850 (bet $10 to win $95 total)
Sonny Gray, St. Louis Cardinals: +1000 (bet $10 to win $110 total)
Zac Gallen , Arizona Diamondbacks: +1200 (bet $10 to win $130 total)
Freddy Peralta, Milwaukee Brewers: +1300 (bet $10 to win $140 total)
Yoshinobu Yamamoto, Los Angeles Dodgers: +1500 (bet $10 to win $160 total)
Logan Webb, San Francisco Giants: +1500 (bet $10 to win $160 total)
Ranger Suarez, Philadelphia Phillies: +1800 (bet $10 to win $190 total)
Max Fried, Atlanta Braves: +2000 (bet $10 to win $210 total)
Jordan Hicks, San Francisco Giants: +3000 (bet $10 to win $310 total)

* odds as of 5/9/24

MLB Power Rankings: Los Angeles Dodgers make big moves

Zach Wheeler remains the favorite to win the award in the National League.

The Philly stud opened the season with the second-highest odds to win the award in the NL at +900, but surged up the board to +230 over the last month.

Taking over the top spot in the American League is Skubal at +250.

Before the start of the season, FOX Sports MLB analyst Ben Verlander named Skubal as one to watch in the AL.

"Skubal has all the elements in place for a breakout 2024. He's a left-hander whose fastball can hit triple digits. He's been lights out so far in spring training. His advanced metrics were off the charts last year, thanks in no small part to that incredible strikeout-to-walk ratio."

Another name to watch on the National League side is Dodgers pitcher Tyler Glasnow, whose odds of winning the award recently moved to +550 from +900.

Who are you backing to win the Cy Young Awards this season?

Keep checking FOX Sports as the odds unfold.