With it looking increasingly likely that Donald Trump will run for president again in 2024, the former POTUS has surged up the U.S. presidential election odds board and now has the best odds at +333. Current president Joe Biden and VP Kamala Harris are close behind at +400.
U.S. election betting emerged as one of the biggest betting markets in the world, exceeding $2 billion in handle in 2020, and sportsbooks are eager to cash in during the next election cycle as well.
With the next election still three years away there are plenty of candidates to consider, so let's look at the election 2024 odds and see who has the best betting odds of becoming the next president of the United States.
Odds to win the 2024 US Presidential Election
|Election Winner||Odds to win 2024 US election|
|Donald Trump Jr.||+5,000|
Odds courtesy of William Hill on November 22, 2021.
Favorites to win the 2024 US presidential election
Shortly after the inauguration, Harris was atop the presidential odds board at +350, with Biden close behind at +400 and Trump in third place at +650. However, those odds have shifted and Trump is now leading the field as the 2024 U.S. presidential election favorite at +333, with Biden and Harris tied for second at +400.
Harris was previously on the U.S. Senate and has also served as the Attorney General of California. At 57 years of age, Harris is entering her political prime and ran for the Democratic nomination in 2020 before dropping out to endorse Biden.
Other presidential betting favorites for 2024 include Florida governor Ron DeSantis (+1,100), former South Carolina governor Nikki Haley (+1,800), Trump's VP Mike Pence (+1,400), and Fox News host and political pundit Tucker Carlson (+2,800).
Joe Biden's odds of winning the 2024 US presidential election
While Biden's odds were on the upswing during the first few months of his presidency, the honeymoon period is now over. When Biden first took office, Quinnipiac University’s polling found that 53 percent of Americans approved of him and 36 percent didn't. Now those numbers have completely flipped with 53 percent disapproving.
According to FiveThirtyEight's political tracker, Biden's approval rating is currently at 42.7 percent, a steady decline from the 55.1 percent it peaked at in late March. There are plenty of reasons for that, including the lingering effects of COVID-19, a rocky withdrawal from Afghanistan, infighting within the Democrat Party, and inflation — especially rising gas prices and supply chain issues.
If he loses the confidence of his own party, he may choose not to make another stressful run at the age of 82 and instead hand the reigns over to a successor such as Harris.
Donald Trump's odds of winning the 2024 US presidential election
Although Trump has yet to formally announce he will campaign in 2024, he has been teasing another run in public appearances and has shot to the top of the board at +333. "I am certainly thinking about it and we’ll see," Trump recently told Fox News, "I think a lot of people will be very happy, frankly, with the decision, and probably will announce that after the midterms."
The former President has not strayed far from the spotlight since his election defeat, staging an unofficial rally in Iowa in early October and already amassing more than $100 million in fundraising money.
With Trump still endorsing candidates at the federal and statewide level, it's undeniable that he still maintains a strong grip on the conservative base and is capable of extending that influence over the party.
Three advisors close to Trump have suggested that his nearest Republican competitors, Florida Gov. Ron DeSantis (+1,100) and his former Vice President Mike Pence (+1,400), would not run if he officially threw his hat in the ring. While he would still have to defeat his Democrat opponent in the general election if he wants to get the White House back, the likelihood of that happening doesn't seem quite as improbable as it did earlier this year.
Tucker Carlson's odds of winning the 2024 US presidential election
Carlson has recently shot down rumors that he would consider running for president in the next election. But oddsmakers don't seem so sure, moving his odds all the way up to +2,800. Carlson has a massive following, as he hosts the most-watched show in cable news, and his brand of conservatism appeals to many of the same voters that supported Trump.
AOC's odds of winning the 2024 US Presidential Election
Alexandria Ocasio-Cortez has emerged as one of the brightest young stars of the Democratic Party and is currently installed at +4,000. AOC is currently serving as a member of the U.S. House of Representatives, representing New York's 14th district.
The politically savvy 31-year-old has built a massive online following and will be turning the requisite age of presidential eligibility just before the 2024 election.
Her biggest obstacle may in fact be her own party, with her progressive policies likely to alienate some of her colleagues unless they soften over time. AOC could run the risk of being another Bernie Sanders if she can't convince the moderates that she is willing to make concessions on key issues.
Dwayne "The Rock" Johnson's odds of winning the 2024 US presidential election
What would election betting odds be without some celebrity long shots? Kanye West emerged as a massive underdog candidate this past election and is currently priced at +6,600 but Dwayne Johnson, otherwise known as "The Rock," isn't too far down the presidential odds board at +3,300.
The former WWE superstar and current Hollywood star doesn't have a history of political aspirations but received plenty of publicity for his endorsement of the Biden/Harris ticket in 2020. It might seem like a political career is a bit out of left field for Johnson, but Trump may have opened the door for future celebrity presidential candidates, especially ones oozing with charisma — and money.