CFP Championship Game odds: Michigan remains favorite over Washington

And then there were two.

The College Football Playoff National Championship matchup is here. It'll be Jim Harbaugh's Michigan Wolverines (14-0) against Kalen DeBoer's Washington Huskies (14-0).

The Wolverines opened as 3.5-point favorites at multiple sportsbooks. DraftKings Sportsbook did open their number slightly higher, at Michigan -4.5.

As of Monday morning, the Wolverines are 5-point favorites at DraftKings.

The CFP title game will be played at 7:30 p.m. ET on Jan. 8 at Houston's NRG Stadium.

No. 1 Michigan advanced with a 27-20 overtime win over No. 4 Alabama in the Rose Bowl.

No. 2 Washington advanced with a thrilling 37-31 win over No. 3 Texas in the Sugar Bowl.

Betting Odds

No. 2 Washington vs. No. 1 Michigan (7:30 p.m. ET Monday, ESPN)

Point spread: Michigan -5 (Michigan favored to win by more than 5 points, otherwise Washington covers)
Moneyline: Michigan -205 favorites to win (bet $10 to win $14.88 total); Washington +170 underdogs to win (bet $10 to win $27 total)
Total: 56 points scored by both teams combined

The Wolverines are seeking their 12th National Championship, the first since the 1997-98 season.

The Huskies are seeking their third national title and first since the 1991-92 season.

DraftKings also released odds for Offensive MVP of Monday night's game, with Michigan's J.J. McCarthy atop the oddsboard.

J.J. McCarthy, QB, Michigan: +125
Michael Penix Jr., QB, Washington: +200
Blake Corum, RB, Michigan: +400
Roman Wilson, WR, Michigan: +1500
Rome Odunze, WR, Washington: +1700
Donovan Edwards, RB, Michigan: +2200

Who are you backing to win the national championship? Follow FOX Sports for the latest college football news.