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2015 Stanley Cup odds: New York Rangers are favored to win first title since 1994

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The New York Rangers are favorites to win their first Stanley Cup in 21 years behind Conn Smythe Trophy favorite Henrik Lundqvist.

Brad Penner-USA TODAY Sports

The New York Rangers dispatched the Washington Capitals in one of the closest playoff series in recent memory during the Eastern Conference Second Round. Now, heading into the Eastern Conference Finals against the Tampa Bay Lightning, they're not only favored to emerge, but they're favored to bring home the Stanley Cup in June as well.

Bovada released its latest odds entering the Conference Finals, and they say the Rangers are the favorites to win the Stanley Cup in 2015, ahead of the Chicago Blackhawks, Anaheim Ducks and the Lightning.

Not only are the Blueshirts the favorites to win the Cup, though. Henrik Lundqvist is the favorite to win the Conn Smythe Trophy as the MVP of the 2015 NHL playoffs. Rangers joining him on the list are Rick Nash, Derick Brassard, Ryan McDonagh and Derek Stepan.