Betting on Broadway – Updated 2026 Tony Awards Odds & Predictions
Wagering on the latest 2026 Tony Awards odds is the easiest way to cash in on your Broadway knowledge. This year’s Tonys are scheduled for Sunday, June 7th.
I discuss the latest odds for the 2026 Tony Awards in the guide below. Also, I break down the cases for every top contender and give my predictions for this year’s Tonys.
2026 Tony Awards Betting Odds
BetUS has competitive odds on multiple categories for the upcoming Tony Awards. Here are the latest betting lines for this year’s awards.
| Category | Favorite | Prediction |
|---|---|---|
| Best Musical | Schmigadoon! (-350) | Schmigadoon! (-350) |
| Best Play | Liberation (-400) | The Balusters (+200) |
| Leading Actor (Play) | Nathan Lane (-125) | John Lithgow (-110) |
| Leading Actress (Play) | Lesley Manville (-700) | Lesley Manville (-700) |
| Leading Actor (Musical) | Joshua Henry (-8000) | Joshua Henry (-8000) |
| Leading Actress (Musical) | Caissie Levy (-800) | Sara Chase (+1200) |
Joshua Henry, who played Coalhouse Walker Jr. in Ragtime, is the biggest favorite at this year’s Tony Awards. Henry is listed at -8000 odds to win Best Performance by a Leading Actor in a Musical.
At -8000 odds, Henry’s implied win probability is 98.77%.
Not every favorite has prohibitive odds at the 2026 Tony Awards. Nathan Lane (Willy Loman, Death of a Salesman) is listed at -125 odds to win Best Performance by a Leading Actor in a Play. John Lithgow (Roald Dahl, Giant) is a close second at -110 odds.
BetUS has odds on every awards show, including the Tonys. Read our BetUS review to find out more about this top-ranked entertainment betting sportsbook.
Best Musical Odds
| Musical | Best Play Actor Odds |
|---|---|
| Schmigadoon! | -350 |
| The Lost Boys | +200 |
| Two Strangers | +1200 |
| Titanique | +1600 |
Schmigadoon! is the betting favorite to win Best Musical at the 2026 Tonys at -350 odds. It is an adaptation of the TV series of the same name. The show premiered at the Eisenhower Theater at the Kennedy Center in 2025 before moving to Broadway in 2026, and a North American tour is planned for 2027.
The Lost Boys has the next-best odds at +200. Two Strangers (+1200) and Titanique (+1600) round out the nominees in this year’s Best Musical category.
It has been a productive award season for Schmigadoon!. The show won multiple categories at the Outer Critics Circle Awards, including Outstanding New Broadway Musical. It also won Outstanding Musical at the Drama Desk Awards.
The success of Schmigadoon! should continue this weekend. Titanique had a successful Off-Broadway run, but its Broadway production has only won one award. Likewise, Two Strangers only has one award so far, Outstanding Lyrics at the Drama Desk Awards, and The Lost Boys has received mixed reviews in its limited run.
Best Play Odds
| Play | Best Play Odds |
|---|---|
| Liberation | -400 |
| The Balusters | +200 |
| Giant | +800 |
| Little Bear Ridge Road | +3500 |
The Best Play category also has a heavy favorite. Liberation is listed at -400 odds to win the award.
Written by Bess Wohl, Liberation is a memory play that explores second-wave feminism. The Broadway production won Outstanding Production of a Play at the Drama League Awards. Wohl also won the Pulitzer Prize for Drama.
The Balusters has the second-best odds to win Best Play at +200. Giant (+800) and Little Bear Ridge Road (+3500) are also nominated.
Despite the odds, The Balusters has racked up multiple awards in 2026, including:
- Outstanding New Broadway Play at the Outer Critics Circle Awards
- Outstanding Play at the Drama Desk Awards
- Outstanding Broadway Play at the Dorian Awards
The Balusters’ success makes it a valuable underdog at 2-1 odds. I recommend betting on the David Lindsay-Abaire comedy to win Best Play this year.
Best Performance by a Leading Actor in a Play Odds
| Actor | Best Play Actor Odds |
|---|---|
| Nathan Lane in Death of a Salesman | -125 |
| John Lithgow in Giant | -110 |
| Daniel Radcliffe in Every Brilliant Thing | +1200 |
| Will Harrison in Punch | +2800 |
| Mark Strong in Oedipus | +3500 |
The closest category in the updated Tony Award odds is Leading Actor in a Play. Nathan Lane (Death of a Salesman) is the favorite at -125 odds, but John Lithgow (Giant) is a close second at -110.
Daniel Radcliffe (Every Brilliant Thing) is third at 12-1 odds. Will Harrison (Punch) and Mark Strong (Oedipus) round out the nominees at 28-1 and 35-1 odds, respectively.
This is a two-man race between Lane and Lithgow. Lane won Outstanding Lead Performer in a Broadway Play at the Outer Critics Circle Awards. Lithgow, on the other hand, won Outstanding Lead Performance in a Broadway Play at the Dorian Awards.
He also beat Lane for the Drama Desk Award for Outstanding Lead Performance in a Play. Lithgow has the better head-to-head record so far, and I think he will beat out Lane again at the Tonys.
Best Performance by a Leading Actress in a Play Odds
| Actress | Best Play Actress Odds |
|---|---|
| Lesley Manville in Oedipus | -700 |
| Susannah Flood in Liberation | +500 |
| Kelli O’Hara in Fallen Angels | +1200 |
| Carrie Coon in Bug | +1400 |
| Rose Byrne in Fallen Angels | +2000 |
Lesley Manville (Oedipus) is a heavy favorite to win Best Performance by a Leading Actress in a Play at -700.
Manville won Outstanding Lead Performance in a Play at the Drama Desk Awards and was an honoree at the Theatre World Awards for her portrayal of Jocasta. She was also nominated for Outstanding Lead Performer in a Broadway Play at the Outer Critics Circle Awards but lost to Nathan Lane.
Susannah Flood (Liberation) has the best odds to upset Manville, but she is a distant second at +500. Kelli O’Hara (Fallen Angels), Carrie Coon (Bug), and Rose Byrne (Fallen Angels) are also nominated.
In addition to her 2026 hardware, Manville won Best Actress at the 2025 Critics’ Circle Theatre Awards and the 2025 Laurence Olivier Awards. She will cap off her successful run as Jocasta with her first Tony Award.
Best Performance by a Leading Actor in a Musical Odds
| Actor | Best Actor Musical Odds |
|---|---|
| Joshua Henry in Ragtime | -8000 |
| Nicholas Christopher in Chess | +1200 |
| Luke Evans The Rocky Horror Show | +5000 |
| Sam Tutty in Two Strangers | +8000 |
| Brandon Uranowitz in Ragtime | +8000 |
Joshua Henry is listed as a -8000 favorite to win Best Performance by a Leading Actor in a Musical. Henry portrayed Coalhouse Walker Jr. in the revival of Ragtime.
The latest revival of Ragtime has been extremely successful, and Henry is a big reason why. He has won multiple awards, including:
- Distinguished Performance at the 2025 Drama League Awards
- Outstanding Lead Performer in a Broadway Musical at the 2025 Outer Critics Circle Awards
- Outstanding Lead Performance in a Musical at the 2025 Drama Desk Awards
- Outstanding Lead Performance in a Broadway Musical at the 2026 Dorian Awards
Henry has not lost a Best Leading Actor category so far, and that will not change this weekend. His odds do not offer a lot of value, but he can be a stable leg of a Tony Awards parlay.
Best Performance by a Leading Actress in a Musical Odds
| Actress | Best Actress Musical Odds |
|---|---|
| Caissie Levy in Ragtime | -800 |
| Marla Mindelle in Titanique | +500 |
| Sara Chase in Schmigadoon! | +1200 |
| Christiani Pitts in Two Strangers | +1600 |
| Stephanie Hsu in The Rocky Horror Show | +2000 |
Caissie Levy, who played Mother in Ragtime, is a -800 favorite to win Best Performance by a Leading Actress in a Musical. She won this category at the Drama Desk Awards but lost similar nominations at the Drama League Awards and the Dorian Awards.
Marla Mindelle (Titanique) has the second-best odds at +500. Sara Chase (Schmigadoon!), Christiani Pitts (Two Strangers), and Stephanie Hsu (The Rocky Horror Show) are also nominated.
Chase (+1200) is my top underdog pick in this category. Schmigadoon! is a heavy favorite to win Best Musical and is nominated in a dozen categories. However, Chase is the only lead nominated for an individual award.
She has yet to win an award for her portrayal of Melissa Gimble, but Chase’s luck can turn around this weekend. The show’s overall popularity will help Chase outperform expectations in this category.
Recent Tony Award Winners
| Best Play | Best Musical | Leading Actor (Play) | Leading Actress (Play) | Leading Actor (Musical) |
|---|---|---|---|---|
| Purpose | Maybe Happy Ending | Cole Escola | Sarah Snook | Nicole Scherzinger |
| Stereophonic | The Outsiders | Jeremy Strong | Sarah Paulson | Jonathan Groff |
| Leopoldstadt | Kimberly Akimbo | Sean Hayes | Jodie Comer | J. Harrison Ghee |
| The Lehman Trilogy | A Strange Loop | Simon Russell Beale | Deirdre O’Connell | Myles Frost |
| The Inheritance | Moulin Rouge! | Andrew Burnap | Mary-Louise Parker | Aaron Tveit |
| The Ferryman | Hadestown | Bryan Cranston | Elaine May | Santino Fontana ( |
| Harry Potter and the Cursed Child | The Band’s Visit | Andrew Garfield | Glenda Jackson | Tony Shalhoub |
| Oslo | Dear Evan Hansen | Kevin Kline | Laurie Metcalf | Ben Platt |
| The Humans | Hamilton | Frank Langella | Jessica Lange | Leslie Odom Jr. |
| The Curious Incident of the Dog in the Night-Time | Fun Home | Alex Sharp | Helen Mirren | Michael Cerveris |
| All the Way | A Gentleman’s Guide to Love and Murder | Bryan Cranston | Audra McDonald | Neil Patrick Harris |
Advice for Betting on the 2026 Tony Awards
Award show betting is easier said than done, but it can also be very exciting. Here are three tips to help you succeed when betting on the Tony Awards:
- Compare results from other award shows
- Look for betting value
- Take advantage of sports betting bonuses
Researching the results of previous award shows will make you a more informed bettor. You can compare results and see how each nominee has fared against the competition so far.
This information will help you identify the best value bets in the latest Tony Awards odds. Also, you can use bonuses to fund your bankroll and reduce your risk.
Where to Bet on the 2026 Tony Awards
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