US Presidential Election Odds: $260M Staked On Trump vs. Biden As US Election Becomes Most Wagered On Event In Betting History

As of this morning, over $260M has been bet on the outcome
Pete Watt
Wed, October 28, 6:21 AM EDT

The 2020 US Presidential Election is now the event upon which the most money has been wagered in the history of betting.

How much money has been wagered on the Election?

The previous record was held by the 2016 US Election, where nearly $256M was staked on whether Donald Trump of Hillary Clinton would become the 45th President of the United States.

Earlier this week, however, the amount of money bet on the upcoming election between Donald Trump and Joe Biden surpassed the previous record and this morning saw it pass the 260 million dollar milestone.

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As a result, more money has now been placed on the election than last year’s Super Bowl, Mayweather vs McGregor, the Kentucky Derby and the NBA Finals combined.

This data is taken from European sportbooks where, unlike in the US, political wagering is legal, regulated and thriving.

With less than week to go until the election and with interest only continuing to build, there will likely be several million more dollars staked between now and November 3rd.

Who will win Presidential Election 2020?

Donald Trump trails in the market, with his odds at time of writing listed at -188, or 15/8, which carries an implied chance of 34.78%. His Democrat rival Joe Biden has odds of -190, or 10/19, which puts him in the driving seat with a 65.53% chance.

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2020 Presidential Election: Play FanDuel's free Bet The Ballot game

We have some fantastic news, our good friends FanDuel have launched 'Bet The Ballot' a free to play game, with $50,000 in total payouts, based around the upcoming election.

Despite online gambling now being legal in various states, online sportsbooks aren't taking bets on the 2020 Presidential election, so these free to play games are the closest way to legally win money on the election.

It's so simple to play.

1) Sign up to FanDuel

2) Recieve 1,000 tokens to use on Bet The Ballot

3) Wager at least 1 token on each of 17 of the questions

4) Watch the results roll in on Election Day and potentially win your share of the $50,000 prize pool

Even though you can’t bet on political, there are various sportsbooks taking wagers on all your favorite sports. Click here to check out the various bonuses and offers available for the biggest US sportsbooks.

It’s not just sportsbooks which are now online, you can play all our favorite casino games online with companies like BetMGMClick here to see the best online casinos.

OddsChecker's data is used by some of the biggest publications in the world, including BBC News, Fox News, Washington Post.

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