Prince Harry and Meghan Markle ain’t much for wasting time — they’re already expecting their first royal baby.

Kensington Palace announced Monday morning Meghan, the Duchess of Sussex, is pregnant and said she’s due sometime next spring … which would be right around Mom and Dad’s one-year anniversary.

As for baby name’s, according to Ladbrokes, the favorites are as follows …

-Victoria 8/1

-Albert/Arthur/Philip 10/1

-Alice 12/1