NBA Draft Lottery 2023 Odds, Predictions, Picks, & How it Works

The NBA Draft Lottery is an annual event where the order of the NBA Draft's first round is determined through a random selection process. 

Teams with the worst records from the previous season will have the best odds of getting the top pick, which could land them a transformative player and propel them toward future success. With so much at stake, the 2023 NBA Draft Lottery promises to be an exciting and highly anticipated event for basketball fans worldwide.

Where Can You Bet on the 2023 NBA Draft?

Several online sportsbooks and NBA betting sites offer wagering on the NBA Draft, including popular ones such as FanDuel, BetMGM, and PointsBet. 

If you have any questions about how to place bets on the NBA Draft Lottery or the 2023 NBA Draft, refer to our expert reviews of some of the top sportsbooks! 

It's important to note that sports betting is regulated differently in different regions and countries. It's essential to ensure that online betting is legal and regulated in your area before placing any wagers.

2023 NBA Draft Odds

The 2023 NBA Draft will be one of the most exciting in recent memory, with one absolute star at the top and several high-ceiling players fighting for the next top position.

First, the NBA must determine who will win the right to pick first overall. The league must also determine the draft order for the remainder of the 2023 NBA Draft Lottery. Given the league's weighted odds system, chances at the top pick are better than ever.

We'll also dive into the odds behind who will be the top pick in the 2023 NBA Draft. Standing at 7'3 with the skills of a guard, Victor Wembanyama is a heavy favorite to be picked first, regardless of the team. The talent pool gets much more competitive once you look past Wembanyama.

Team to be Awarded 1st Pick

Odds taken from DraftKings Sportsbook

1st Overall Pick

Odds taken from FanDuel Sportsbook

NBA Draft 2023 Our Picks

Odds taken from FanDuel Sportsbook

(F-C) Victor Wembanyama - Metropolitans 92 - France

• Odds to be drafted #1 (-20000) 
• NBA Player Comparison: Ralph Sampson, Kristaps Porzingis, Kevin Durant

Victor Wembanyama is a French basketball player, born on January 8, 2004. He is 7 feet 3 inches tall and is considered one of the top prospects in the world due to his unmatched size, skillset, and potential. He has shown great agility, athleticism, and coordination at his size, with a rare combination of length and mobility that allows him to effectively block shots and defend the pick-and-roll. Offensively, he has excellent touch around the basket, a growing mid-range game, and league-ready three-point shooting ability. Barring injury, many believe Wembanyama could become a top-level two-way player and a franchise cornerstone.

(G) Scoot Henderson - NBA G League Ignite - USA

• Odds to be drafted #1 (+2500) 
• NBA Player Comparison: Derrick Rose, Russell Westbrook

Scoot Henderson is highly touted for his incredible potential to become one of the league's best point guards. Born September 4, 2004, Henderson stands out with his athleticism, speed, and playmaking ability. Henderson's ball-handling skills, court vision, and passing ability set him above the rest of his class at point guard. He is also a skilled scorer with an improving outside shot and NBA-ready finishing ability at the rim. Defensively, he showcases quick hands, good lateral movement, and an ability to defend from day one in the NBA. While he has yet to be able to push Wembanyama out as the favorite to go first overall, Henderson's potential is top-pick quality.

(F) Brandon Miller - Alabama - USA

• Odds to be drafted #1 (+12000)
• NBA Player Comparison: Paul George, Brandon Ingram

Brandon Miller possesses diverse offensive skills, with the ability to hit contested shots, drive past solid defenders, and utilize slick finishing moves around the rim. Although Miller excels as a pull-up and step-back shooter, his three-point shooting still lacks consistency. Defensively, Miller showcases solid shot-blocking, versatility in guarding multiple positions, and solid off-ball awareness. However, Miller has failed to show elite athleticism and still needs to improve his strength, finishing ability, and shot selection. While he's a savvy offensive player for his age with a high ceiling, Miller still has room to grow.

Best Sports Betting Sites to Bet on the NBA Draft

FanDuel

FanDuel has become a go-to platform for NBA betting and fantasy gaming. Fans can engage in daily fantasy contests, make wagers on NBA games, and participate in various NBA-related promotions.

New users can receive up to $150 in bonus bets with just one $5 wager!

PointsBet

PointsBet offers many sports betting options, including traditional wagers and unique betting formats like PointsBetting. PointsBet aims to provide sports enthusiasts with an exciting and immersive betting experience through its user-friendly interface and competitive odds.

New users can receive a welcome bonus that earns them 5 x $50 in bet credits just by signing up!

Caesars

Caesars Sportsbook is a renowned sports betting platform that offers numerous betting options and an immersive gaming experience. Backed by the trusted Caesars Entertainment brand, the sportsbook provides a safe and secure environment for experienced and new bettors!

New users can use our exclusive promo code "WSNFULL" to earn up to $1250 in bonuses when signing up at Caesars Sportsbook!

BetMGM

With its sleek and user-friendly interface, BetMGM provides a consistent and exciting betting experience across many sports, particularly basketball, including the NBA. The platform features competitive odds, a vast selection of betting markets, and enticing promotions to enhance the excitement for users.

New users can receive up to $1000 paid back in bonus bets if their first wager doesn't win!

WynnBet

WynnBet is an emerging online sports betting and casino platform that offers a premium betting experience. Focusing on providing a sophisticated betting experience, WynnBet offers a range of betting options for sports enthusiasts, including basketball, such as the NBA.

WynnBet's welcome bonus provides new users $100 in bet credits if they make a $100 wager!

How Does the NBA Draft Lottery Work?

In September 2017, the NBA changed the lottery system for the 2019 NBA Draft and beyond. The change was made to create a more competitive environment and limit "tanking." the new format ensures that the team with the worst record will receive no worse than the fifth pick, whereas before, they would pick no lower than the fourth.

The new system's goal is to make the odds more even for the top picks. Now, the three teams with the worst regular-season records each have a 14 percent chance of winning the lottery. Previously, the team with the top seed had a 25 percent chance, the second seed had 19.9 percent, and the third seed had 15.6 percent.

Drawings will occur using ping pong balls representing each team's weighted chances to receive every pick. That drawing will determine the first 14 selections in the upcoming NBA Draft.

How to Watch the 2023 NBA Draft Lottery

The 2023 NBA Draft Lottery will be broadcasted on ESPN. The event can also be streamed on the ESPN or WatchESPN app.