Buffalo billionaire Terry Pegula is seen as the favorite to become the new owner of the Buffalo Bills as the auction enters its second and expected final round this week.

Pegula, the owner of the NHL’s Buffalo Sabres, has the financial clout — he made billions from fracking — and local sentiment — he has promised to keep the NFL team in western New York — to beat out his two known rival bidders.

The 63-year-old natural gas and real estate mogul is said to be ready to bid at least $1.1 billion, which would be a record price for an NFL team.

Toronto-based bidders Larry Tanenbaum, chairman of Maple Leaf Sports & Entertainment, which controls the NHL’s Maple Leafs and the NBA’s Raptors, and Rogers Communications are in a bit of disarray since they moved to sideline rocker Jon Bon Jovi, who had led the group. The Post was first to report that Bon Jovi was no longer part of the group.

The third known bidder is Donald Trump.