NBC's legendary comedy show Saturday Night Live will celebrate its 50th anniversary in 2025 with an "SNL50 Primetime Special," a three-hour show airing on February 16th. While not many details have been released, the show’s creator and producer, Lorne Michaels, says it “is going to be insane.” Now, the speculation begins on who will be hosting—and, of course, there are betting odds. Let’s break down some of the choices, and maybe a surprise or two.
Bill Murray +200
Bill Murray joined SNL for its second season after Chevy Chase left. He’s a five-time host but hasn’t hosted since 1999. Could he make his triumphant return for the show’s 50th anniversary? A decade ago, Murray appeared as Nick The Lounge Singer in the SNL 40th anniversary special. His long history with the show makes him a strong contender to return.
Steve Martin +500
In that same 40th anniversary special, Steve Martin was the host. Can he do it again ten years later? Martin has hosted SNL 16 times, one fewer than Alec Baldwin. He and Martin Short co-hosted the highest-rated episode of season 48, and their chemistry could make him a favorite for the 50th anniversary special.
Tina Fey +800
Tina Fey was a regular on the show from 1997–2006 and has returned for several guest appearances since. Fey has always been considered the heir apparent to Lorne Michaels when he eventually retires, and rumors have suggested that Michaels would step down after the 50th season, as he turns 80. Given her long history with SNL, it would make sense for Fey to host the special and potentially take the reins moving forward.
Lorne Michaels +800
He created the live sketch comedy show, so does it make sense for Lorne Michaels to finish his career with SNL on this milestone? Possibly. As mentioned, Michaels has long said he would retire from the show eventually, and the 50th anniversary could be the perfect moment for him to bow out. Could he open the show and then introduce another host? It’s not far-fetched, given that Michaels is the mastermind behind it all.
Martin Short +1600
Martin Short was a cast member for just one season (1984–1985) but has hosted SNL four times. He’s made numerous cameo appearances over the years, and with the success of Only Murders in the Building, Short is back in the spotlight. At these odds, he could be a dark horse for the role. Not a bad bet!
Odds to Host the 50th Anniversary Special
- Bill Murray +200
- Steve Martin +500
- Will Ferrell +500
- Kristen Wiig +700
- Tina Fey +800
- Lorne Michaels +800
- John Mulaney +800
- Tom Hanks +800
- Andy Samberg +800
- Eddie Murphy +800
- Jerry Seinfeld +800
- Amy Poehler +1000
- Martin Short +1600