US Presidential Election 2024 – Who Will Run for President in 2024?
The next United States presidential election is just around the corner and campaigning has already begun. Though candidates may not have formally announced they are running, sportsbooks and bettors are already speculating who will run and who will, eventually, win. Here is a quick rundown of the current markets, including the US presidential election odds.
Next US President Betting Guide
There are a few different markets to bet on during a US presidential election. The overall winner of the election is the most popular market, but bets can also be placed on the Democratic and Republican primary winners, the popular vote spread, the electoral college spread, and the winning party.
The markets available at each sportsbook may vary, and betting on United States politics is currently unavailable to sportsbooks based in the US. Sportsbooks based in other nations, such as Canada and the U.K., do offer these markets to their customers.
When Is the Next US Presidential Election and Who Can Be Elected?
The next United States presidential election will be held on Tuesday, November 5th, 2024. Though some states allow early voting, mail-in ballots, and votes cast by Americans overseas, the vast majority of votes will be cast and counted on this date. The announcement of the winner of the election can take some time, but the result is normally announced on the evening of the election or early the next morning. The result can be disputed, but this is a rare occurrence.
2024 Election Key Dates
- November 5, 2024: US Presidential Election
- December 10, 2024: State Electors Must be Finalized
- December 16, 2024: Electors Meet to Vote for President and Vice President
- January 6, 2025: Congress Certifies Election Results
- January 20, 2025: Swearing-In of Next President of the United States (POTUS)
Latest 2024 US Election Odds
In the coming months, candidates will begin to formally declare their intention to run. Sportsbooks are already offering odds on likely runners from both main political parties and candidates from outside of politics.
Ron Desantis and Donald Trump lead the Republican side’s odds, both hovering around 3/1 (+300 moneyline). The Democrat field is a little more open, with contenders coming from inside and outside of the White House. President Joe Biden and his VP Kamala Harris are at 3/1 (+300 moneyline) and 14/1 (+1400 moneyline) respectively.
Betting Markets for the Next US President 2024
The US presidential election opens up a few different markets. Though you can bet on the outright winner already, you can also bet on the party primaries before they are settled. This gives you a few different markets to choose from, but you could also place bets in all three.
For longer odds, and a higher potential profit, there are non-political figures you can bet on. Though their chances of becoming President are slimmer, as reflected in their odds, one of them could shock the world with by winning the presidency in 2024. The odds of Donald Trump winning in 2016, even after he won the Republican primary, were very long and yet he did the impossible and became president. Never discount a dark horse, but we recommend gauging the mood among voters and the media first.
Legality of Betting on the Election in the United States & Canada
It is currently illegal to bet on the outcome of the US presidential elections within the United States of America. This may change in the future, but legislation that legalizes election betting has not been passed in time for the 2024 US presidential elections or primaries.
Bets can be placed in Canada, and often on the same sportsbooks that are available within the American states that permit sports betting. You have to be geo-located in Canada to have access to the markets. Many Ontario sportsbooks will allow their members to place bets on the US election, and other political events, when they are in Ontario. However, it's important to note that these bets must be placed in Canadian Dollars, not American.
Who Will Run for President in 2024?
The US Presidential race is open to everyone eligible, not just politicians. Operators in the world of politics have an advantage, but the 2016 victory of businessman and reality TV star Donald Trump shows that anything is possible.
Here is a quick rundown of the main contenders from each political party, and some of the people from outside of politics that may have a shot at victory in 2024.
On the Republican side, most insiders are anticipating a battle between former President, Donald Trump, and Florida Governor, Ron DeSantis.
Governor Ron DeSantis has the upper hand, with slightly shorter odds to beat one of the likely Democratic candidates, like current President Joe Biden or his Vice-President Kamala Harris. There are a few other candidates in the race offering some longer odds, but Trump and DeSantis dominate the Republican race and have a better shot in a general election.
- Ron DeSantis - Governor of Florida - 3/1 (+300)
- Donald Trump - Former US President - 4/1 (+400)
- Nikki Haley - Former Governor of South Carolina - 25/1 (+2500)
- Mike Pence - Former US Vice-President - 33/1 (+3300)
- Mike Pompeo - Former US Secretary of State - 66/1 (+6600)
The Democrats have several potential candidates, most notably the current President of the United States, Joe Biden. His Vice-President, Kamala Harris, is also in the running but most commentators feel that her chances will be greatly diminished if Joe Biden runs.
Pete Buttigieg and Gavin Newsome could swing their party’s nomination and have a good run in the national campaign against one of the Republican candidates, and their odds are attractive. If you are looking for longer odds in the US presidential race, either of these names could be a good choice.
- Joe Biden - Current President of the United States - 3/1 (+300)
- Kamala Harris - Current VP of the United States - 14/1 (+1400)
- Gavin Newsome - Governor of California - 16/1 (+1600)
- Pete Buttigieg - US Secretary of Transportation - 22/1 (+2200)
- Michelle Obama - Former First Lady of the United States - 33/1 (+3300)
People Not in Politics
There are plenty of potential candidates from outside of politics, but the outright odds reflect how difficult it is for a non-politician or third-party candidate to become the POTUS. There has been an online campaign for the movie star and wrestling legend Dwayne ‘The Rock" Johnson to run for president for a few years now. This makes him a more likely bet. Many more likely candidates exist, however, though none so far have declared their intention to run for president, including The Rock.
- Dwayne ‘The Rock" Johnson - Former pro-wrestler and movie star - 50/1 (+5000)
- Jamie Dimon - Billionaire and ex-CEO of JPMorgan Chase - 100/1 (+10000)
- Dave Smith - Comedian and Podcaster - 100/1 (+10000)
- Robert Kennedy Jr - Medical Advocate and Son of Robert Kennedy - 150/1 (+15000)
- Bill Maher - HBO talk show host and comedian - 200/1 (+20000)
Does DraftKings Offer Betting Lines on US Elections Betting?
DraftKings does offer betting lines on US elections, but only on their Ontario-based sportsbook. Betting on US elections is not currently permitted from inside the United States, though this may change in the future.
Who Is the Favorite To Win the 2024 US Presidential Election?
Current US President Joe Biden is the favorite to win the 2024 US presidential election and remain in office. The incumbent president usually has an advantage in the early stages of the race, and Joe Biden's odds reflect this. His nearest Democratic contender is his Vice-President Kamala Harris with odds of around 16/1 (+1600).
What Are Donald Trump’s Odds for Becoming President After the 2024 US Elections?
Donald Trump’s odds of being elected President of the United States for a second time in 2024 are currently around 4/1 (+400). As the election draws closer these odds will change, and events like the Republican primaries and news stories will impact the odds.
What Are Joe Biden’s 2024 US Election Odds?
Joe Biden's odds of being re-elected in the 2024 presidential election are currently around 3/1 (+300). These odds will change as the election draws closer and will be impacted by events such as the presidential debates and the Republican Party nomination.
Do US Sportsbooks Offer 2024 US Election Odds?
Sportsbooks based in the United States cannot offer markets on US politics. Many betting firms have sportsbooks based in Canada and other countries that do offer these markets, but bets cannot be placed from inside the United States.
Why You Still Can’t Gamble on Politics in the US?
Sports betting has only recently been legalized in the United States, but betting on domestic politics has always been explicitly excluded as part of that. Some political commentators feel that political gambling could negatively affect election turnouts, or could even lead to ballot tampering. Having said that, people can legally bet on US politics throughout the rest of the world.
When Will I Be Able To Bet on Politics in the US?
Most experts believe that betting on US Politics in the United States will be allowed in time for the 2028 Presidential elections. As sports gambling becomes more popular and receives more mainstream exposure, it is expected that political betting will become more widely accepted and legalized. Oddspedia will keep you up to date with all the news as it happens.
Can Elon Musk Become President in 2024?
No. Elon Musk became a naturalized US citizen in 2002, but he was born in South Africa. He cannot become the President, or the Vice-President, as he is not a natural-born US citizen as outlined in the Constitution.
When Is The 2024 US Presidential Election?
The 2024 US Presidential election will be held on Tuesday, November 5th, 2024. Early voting will take place in some states ahead of this date, but the bulk of votes will be cast on this date and a result should be announced that evening or early the next morning.