The 2023-24 NFL is officially underway, which means the Super Bowl futures markets have already begun to fluctuate.

The San Francisco 49ers are the favorites to win the Super Bowl. The Kansas City Chiefs, who entered the season as the favorite, follow close behind. The Philadelphia Eagles are also near top as those three teams appear to be above the rest. But watch out for the Miami Dolphins. 

Odds via Caesars, updated in real-time. Confused? Learn more about how American odds work.

1. San Francisco 49ers (+525)

The 49ers entered the season with high expectations. The major question mark was whether Brock Purdy was a legitimate starting quarterback in the NFL. He has answered the bell. This is an elite team without many holes and that's why they've become the outright favorites to win the Super Bowl. If San Francisco 49ers has your attention, so should the BetMGM bonus code – don't miss out. 

2. Kansas City Chiefs (+625)

Even with Patrick Mahomes severely banged up with a high ankle sprain during the AFC Divisional Game, the Chiefs found a way to get it done in that game, their subsequent one and the Super Bowl. It's obviously a testament to Mahomes' greatness. But did the Chiefs get much better this offseason? With the AFC as good as ever, can this team hold serve yet again? The season opener has dropped them down the odds board but how much is that game going to matter in January and February? Is Travis Kelce distracted? There are more questions than answers for the Chiefs right now. 

3. Philadelphia Eagles (+750)

The birds were just a quarter away from closing out their second Super Bowl in five seasons. But alas. Jalen Hurts and company are back -- and their potent offensive attack figures to rank in the top five in most statistical categories yet again this season. The addition of D'Andre Swift only amplifies a team with a run-pass-option machine in Jalen Hurts, a physical deep ball threat in A.J. Brown, another all-world talent receiver in Devonta Smith and one of the league's best pass catching tight ends in Dallas Goedert. A weak NFC is a godsend, too.

 4. Miami Dolphins (+900)

Three weeks into the season, there doesn't appear to be a more potent offense than the Dolphins. They proved that while dropping 70 on the Broncos. Tua Tagavailoa is currently the favorite to win the MVP, Tyreek Hill is the best receiver in football and Mike McDaniel could be the smartest man in football right now. How long can they keep this up?

5. Dallas Cowboys (+1000)

The Dallas Cowboys made the biggest statement during Week 1. On Sunday Night Football, with everyone watching, they dominated the New York Giants from start to finish to a 40-0 victory. The defense looks elite. How far can Micah Parsons take this team? Do they have the horses on offense to beat top teams in the NFC? People will be skeptical about the Cowboys throughout the season but the Week 1 performance will remain in people's brains.