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When Do They Select the Heisman Winner and Who is Going to Win?

Scott Morris | December 4, 2024

All of the ballots have been sent out to members of the media who are eligible to vote as well as former Heisman Trophy winners. They are due on December 9th and that is when the finalists will be announced as well. On Saturday, December 13, 2025, at 8 p.m. ET, the ceremony to announce the winner begins and will be broadcast on ESPN.

The Heisman Trophy voting process includes:

Media votes

870 media votes are distributed across the United States, with each section receiving 145 votes

Former Heisman winners

89 living Heisman winners each have a vote
Fan vote

A single fan vote is included in the overall tabulation through a partnership with Nissan North America
Point system

Voters select three players on their ballot, with the first choice receiving 3 points, the second choice receiving 2 points, and the third choice receiving 1 point

2025 Heisman Trophy Favorites

As of November 30, 2025, with the regular season complete and conference championships approaching, Indiana quarterback Fernando Mendoza is the clear betting favorite to win the 2025 Heisman Trophy. Mendoza has led the undefeated Hoosiers (11-0, 8-0 Big Ten) to a perfect regular season, throwing for 2,641 yards, 30 touchdowns, and just 5 interceptions (73.0% completion rate) entering Week 14. His odds have shortened dramatically due to Indiana’s dominance, including a 63-0 rout early in the season and key wins over top 10 teams like Oregon.

The Heisman ceremony is set for December 13, 2025, and the award will likely hinge on Big Ten Championship performances, with Mendoza facing Ohio State’s Julian Sayin in a potential title game matchup.

Odds can be wagered at BetOnline.ag

Rank	Player	Position	Team	Odds
1	Fernando Mendoza	QB	Indiana	-2500
2	Diego Pavia	QB	Vanderbilt	+900
4	Jeremiyah Love	RB	Notre Dame	+20000
3	Julian Sayin	QB	Ohio State	+50000
5	Marcel Reed	QB	Texas A&M	+50000

Has a Heavy Underdog Ever Won the Heisman?

There is a list of underdog winners of the Heisman Trophy but usually the overall favorite wins the award. Marcel Reed is a rising star quarterback for the Texas A&M Aggies, known for his dual-threat ability, poise under pressure, and leadership that has propelled the team to one of its best starts in decades.

At just 21 years old, he’s emerged as a Heisman Trophy contender in 2025, blending pinpoint passing with elusive running. Standing at 6’1″ (or 6’2″ per some sources) and 185 lbs, Reed plays with the maturity of a veteran, earning praise for his arm talent and decision-making.

He is a heavy underdog now (+50000) especially after losing his last outing and putting up pedestrian stats and an underwhelming performance.