In a surprising twist, Baltimore Ravens' quarterback Lamar Jackson has become the favorite in the race for the 2023 NFL MVP award, according to BetMGM. Following a Week 16 victory over the San Francisco 49ers on Christmas night, Jackson's stellar performance has propelled him to the top spot.

Jackson's rise to MVP frontrunner comes after a series of shifts in the odds over the past few weeks. Initially, Dallas Cowboys' Dak Prescott held a slight lead over 49ers' quarterback Brock Purdy after Week 14. However, Purdy surged ahead in Week 15, leaving Jackson in second place.

But in a head-to-head matchup against Purdy in Week 16, Jackson proved his worth and outshone his opponent. He threw for 252 yards and two touchdowns, in addition to 45 rushing yards, leading the Ravens to victory. On the other hand, Purdy struggled, posting a career-worst 42.6 passer rating and throwing four interceptions.

As a result, Purdy has now dropped to fourth place in the MVP race, with odds set at +1200. Meanwhile, 49ers' teammate Christian McCaffrey has made a significant jump to second place, with odds at +400. Tua Tagovailoa of the Miami Dolphins currently holds the third position at +900, while the Buffalo Bills' Josh Allen rounds out the top five with odds set at +1300.

It is worth noting that among the top eight contenders for the award, Jackson is the only player who has previously won the NFL MVP, having secured the title in 2019. This could potentially work in his favor as voters may value his past success.

While the MVP race continues to evolve, Jackson's dominant performance and his ability to lead the Ravens to victory on Christmas night has sent a powerful message to the league. With his impressive physicality and playmaking skills, Jackson has cemented his place as the frontrunner for the prestigious award.

The odds for other non-MVP awards have not been mentioned or provided in the information given. Therefore, no information can be given regarding other award contenders or their respective odds.