Latest Heisman Trophy 2026 Odds as Jeremiah Smith Rises, Arch Manning Falls

Ohio State wide receiver Jeremiah Smith established himself as the solo betting favorite to win the 2026 Heisman Trophy with a historic performance Saturday against visiting Illinois.

His rise coincides with a drop in Arch Manning's Heisman odds after the Texas quarterback threw an interception in Saturday's narrow win over Tennessee.

Here's a look at the latest Heisman Trophy odds courtesy of FanDuel Sportsbook, through games played on the afternoon of Sept. 26.

2026 Heisman Trophy Odds

• Jeremiah Smith, WR, Ohio State: +270
• Darian Mensah, QB, Miami: +500
• Kamario Taylor, QB, Mississippi State: +500
• Trinidad Chambliss, QB, Ole Miss: +1000
• CJ Carr, QB, Notre Dame: +1200
• Jadan Baugh, RB, Florida: +1200

Manning's fall out of the top five of the betting odds came after an inconsistent performance in which he was sacked six times, threw an interception and took two illegal forward pass penalties.

Smith earned his spot as the clear-cut favorite after recording a single-game career high 217 receiving yards and a program-record tying four touchdown catches.

Florida running back Jadan Baugh was another big mover on Saturday with 29 carries for 142 yards and three touchdowns in the Gators' decisive win over No. 4 Ole Miss.