2026 Heisman Trophy Odds: Jeremiah Smith Skyrockets; Trinidad Chambliss Tumbles

Indiana’s Fernando Mendoza’s 2025 season couldn’t have been more perfect.

He led his Hoosiers to an unblemished 16-0 season, won the national championship in historic fashion and won the 2025 Heisman before being selected first overall in the 2026 NFL Draft by the Raiders.

Now that the path is clear for someone new to leave NYC in December carrying the Heisman, who will it be?

Miami teammates Darian Mensah and Malachi Toney have made their mark early this season, and Trinidad Chambliss stepped up after a historic performance against his former coach, Lane Kiffin, and LSU. But on Saturday, Ohio State wide receiver Jeremiah Smith sealed his case to become the first passer since DeVonta Smith to win the award.

Let’s take a look at the latest Heisman Trophy odds at FanDuel Sportsbook as of September 27th.

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Jeremiah Smith: +290 (bet $10 to win $39 total)
Darian Mensah: +440 (bet $10 to win $54 total)
Kamario Taylor: +550 (bet $10 to win $65 total)
Trinidad Chambliss: +1100 (bet $10 to win $120 total)
CJ Carr: +1200 (bet $10 to win $130 total)
Jadan Baugh: +1200 (bet $10 to win $130 total)
Keelon Russell: +1600 (bet $10 to win $170 total)
Malachi Toney: +2200 (bet $10 to win $230 total)
Julian Sayin: +2500 (bet $10 to win $260 total)
Arch Manning: +2500 (bet $10 to win $260 total)
Gunner Stockton: +2500 (bet $10 to win $260 total)

Here’s what you need to know about the 2026 Heisman odds table:

Jeremiah Smith continued to torch defenses on his way to a historic performance on Saturday against Illinois. Smith set his own receiving record with 217 yards. He also had his first career three-touchdown game before halftime and had 150 receiving yards in the first half. He finished the game with four catches, becoming the fifth Ohio State receiver to do so, after getting one early in the fourth quarter.

Smith’s previous career high came as a true freshman in Ohio State’s Rose Bowl win over Oregon, when he had 187 receiving yards.

He is up to 605 yards on the season, and has reached that total with key plays. On Saturday, he made Illinois defensive back Mac Resetich look silly on a 72-yard punt and went up for two jump balls on fade routes in the red zone.

He went from third place at +1000 to favorite +290.

Darian Mensah is the +440 second pick to win the Heisman Trophy (Photo by Ezra Shaw/Getty Images).

Mensah’s Miami career couldn’t have gotten off to a much better start. He immediately silenced the doubters by throwing for 401 yards and five touchdowns against Stanford in Week 1. In the process, Mensah became just the sixth quarterback since 2000 to complete at least 90% of his passes while throwing for 400 or more yards and five touchdowns in a game.

He followed that performance by completing 14 of 15 passes for 252 yards and three touchdowns in Miami’s 77-7 win over Florida A&M in Week 2. Then, against Wake Forest on Friday night, Mensah completed his first 24 passes, two shy of the record for most consecutive completions to start a game.

Mensah continued on that path with 338 yards and four total touchdowns in Miami’s loss to Central Michigan in Week 4.

Mensah remained in second place, but his odds dropped from +360 to +440.

Kamario Taylor is leading the SEC with 14 touchdown passes through three games in 2026. (Photo by Justin Ford/Getty Images)

Kamario Taylor entered the Heisman conversation after throwing for 251 yards and four touchdowns as he led the Bulldogs to a 41-34 win over South Carolina in Week 3. He followed that up by throwing for 382 yards and three touchdowns in a 31-24 win over Missouri on Saturday. No player has grown more than Taylor during the early part of the college football season.

Trinidad Chambliss fell to fourth in the Heisman Trophy race after Ole Miss’ loss to Florida in Week 4. (Photo by Justin Ford/Getty Images).

Chambliss put on a Heisman-worthy performance to beat his former coach Lane Kiffin and LSU in Week 3. But the following week, Ole Miss and Chambliss fell victim to a trap game. The fourth-ranked Rebels lost 52-28 to No. 21 Florida. Chambliss still put up a respectable statline with 298 passing yards and three total touchdowns, two of which came on the ground.

But he dropped to fourth on the odds chart at +1,100 after the loss and will need to lead Ole Miss to as many wins as possible during the remainder of its SEC schedule, as the Heisman Trophy is more than a statistical award.

Jadan Baugh rushed for 142 yards and three touchdowns in Florida’s win over Ole Miss. (Photo by David Rosenblum/Icon Sportswire via Getty Images)

Florida’s Jadan Baugh became the first running back to truly enter the 2026 Heisman conversation after a three-touchdown performance against Ole Miss. Baugh led Florida to a 52-28 victory over No. 4 Ole Miss. He also became the sole rushing leader in college football with 12 through four games of the season.

Baugh was placed fifth in the Heisman Trophy odds at +1200.

CJ Carr increased his total to 965 passing yards through four games in Notre Dame’s 49-10 win against Purdue. (Photo by Zach Bolinger/Icon Sportswire via Getty Images)

Notre Dame quarterback CJ Carr continued his quiet but efficient season with 237 yards and three touchdowns as the third-ranked Fighting Irish defeated Purdue. Carr added another touchdown.

His odds increased to +1,200 as he is tied for fifth, but Carr’s Heisman case will remain slim as Notre Dame has just three games against the current 25 AP teams on its schedule.