Broncos still third favorite in AFC West with Jaylen Waddle addition

Oddsmakers have been fairly tepid about Denver's prospects in 2026 despite last season's run to the AFC Championship Game, although they applauded Tuesday's report that the Broncos are acquiring wide receiver Jaylen Waddle from the Miami Dolphins.

Shortly after the news broke, DraftKings trimmed the Broncos' odds to win the AFC West next season from +240 to +230. That's still behind the Kansas City Chiefs (+165) and Los Angeles Chargers (+185), but light-years ahead of the Las Vegas Raiders (+2000).