In addition, compensation picks were distributed for players who did not sign from the 2022 MLB Draft.

The first round picks of the New York Mets and Los Angeles Dodgers were moved down 10 slots as a result of those teams exceeding the first luxury tax threshold by $40 million or more.

[5] The first and second rounds of the draft were held at Lumen Field, a football and soccer stadium adjacent to T-Mobile Park, where the 2023 All-Star Game took place.

Schanuel became the first player to debut in the major leagues in the same year of his draft since Garrett Crochet in 2020.

[7] The following table lists the percentage chances for each team to receive specific picks as a result of the draft lottery.