With the 2024 U.S. election in the books, online sportsbooks have already released odds on the most likely candidates to capture the White House in 2028.
Vice President-elect J.D. Vance is currently offered at +250 by Bet365 Canada (visit our Bet365 Review), while California Governor Gavin Newsom is trading at +650.
2028 U.S. Presidential Election Betting Odds
The table below provides a snapshot of the current betting odds for potential candidates in the 2028 U.S. presidential election. As speculation grows around key figures in both major political parties, as well as potential third-party contenders, this overview highlights the evolving favorites and dark horses alike.
These odds reflect public sentiment, early campaign activity, and analysts’ predictions on the possible frontrunners who could shape the future of U.S. politics.
2028 U.S.
PRESIDENTIAL ELECTION
| Potential Candidate | Bet365 Odds |
|---|---|
| J.D. Vance | +250 |
| Gavin Newsom | +650 |
| Josh Shapiro | +900 |
| Michelle Obama | +1000 |
| Ron DeSantis | +1600 |
| Gretchen Whitmer | +1600 |
| Pete Buttigieg | +1600 |
| Vivek Ramaswamy | +1600 |
Editor’s Note: The odds referenced in this article were current at the time of publication. For updated odds, refer to the table above.
J.D. Vance Favored to Win 2028 Presidential Election
As Vice President-elect, J.D. Vance is the early favorite to win the 2028 U.S. presidential election. As we go to press, Vance is priced at around +250 depending on which online sportsbook or prediction market you shop at. That’s an implied 25% chance of President Vance, compared to 60% for the GOP as a whole.
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Odds on Ron DeSantis Winning the 2028 U.S. Election
The Governor of Florida has his eyes on the prize, but he’s a distant third favorite in the 2028 election betting at around +900. Vivek Ramaswamy (+1200) is the only other Republican figure being given more than a token chance for now.
Meanwhile, the Democrats are busy picking up the pieces from their failed 2024 campaign. Now that American voters have roundly rejected a female candidate for the second time, California Governor Gavin Newsom is the leading Dem hopeful at around +700; Pennsylvania Governor Josh Shapiro was tied with Newsom earlier this week, but has since slipped back to +1200.
The next tier on the politics odds board is almost entirely populated by Democrats, which explains in part why they’re only small underdogs to win in 2028. The fact that Trump will be 82 if and when he completes his second term also plays a role. But why are the Republicans still favored when incumbencies around the world are falling like dominoes?
That’s politics betting for you. There’s more Republican money being thrown around these markets than Democratic money; people tend to bet on the outcomes they want to see happen, and they’re generally willing to pay a premium for the home team.
That’s also the power of Donald Trump. The “real” history of the world might be about trade, but it’s humanity’s most charismatic figures who draw everyone’s attention – and as things stand, the Republicans don’t have anyone lined up who can replace Trump’s charisma in 2028.
2028 U.S. election
winning party odds
| Party | Bet365 |
|---|---|
| Republican | -150 |
| Democratic | +120 |
| Independent | +10000 |
How Can I Bet on the US Presidential Election?
Currently, you cannot bet on the 2028 presidential election at regulated U.S. sportsbooks, though bettors have been cleared to wager on the U.S. election with financial exchange Kalshi.
Many states have now legalized sports betting, and some permit wagers on novelty and entertainment markets too. However, no state has passed a bill to allow political betting yet.
That is unfortunate, as political betting is extremely popular in the unregulated US market some European countries. Many of the leading U.S. sports betting operators offer odds on U.S politics in other countries such as the UK.
Examples include Bet365 and 888 Sport, along with BetMGM co-owner Entain – which runs Ladbrokes and Coral – and FanDuel owner Flutter Entertainment, which offers a wealth of exciting presidential election odds via sites such as Betfair, Paddy Power and SkyBet.
Kambi, which powers sportsbooks such as Unibet and BetRivers, also offers odds to win the 2028 presidential election. Those sportsbooks would be ready to launch U.S. politics betting immediately if legislation were passed.
BetMGM believes presidential election odds should be regulated in the U.S. by 2028.
Pool Betting
In the meantime, one intriguing option is to take part in free-to-play pools. For example, DraftKings launched a $100,000 pool to mark the 2020 presidential election.
Customers could answer a series of prop betting questions about the election, and the ones with the most correct answers earned bonus credits – which came with a 1x playthrough requirement.
As we now know, many of those predictions proved incorrect. However, some bettors made astute predictions and earned generous prizes.
FanDuel offered a similar “Bet the Ballot” contest in 2020. We hope to see similar pools launched to mark the 2028 presidential election.
How Do Election Odds Work?
The 2028 Presidential election odds could be presented in three formats:
- American Odds
- Fractional Odds
- Decimal Odds
American Odds
American odds begin with a plus (+) or a minus (-). For example, these were the US politics betting odds on the 2020 election before voting began:
- Joe Biden to Win: (-175)
- Donald Trump to Win: (+138)
When the odds begin with a minus, it tells you the amount you must wager to win $100. A $175 bet on Biden would have generated a $100 profit.
If the US presidential election odds begin with a plus, it highlights the profit you would earn from a $100 bet. A $100 bet on Trump would have earned a $138 profit.
In that example, a $20 bet on Biden would have earned an $11.43 profit, whereas a $20 bet on Trump would have earned a $27.60 profit. The smaller profit on Biden told you he was the favorite.
Fractional Odds
Fractional odds are popular in the UK, so they are often associated with US politics betting. To work out your potential profit, you just multiply your bet amount by the fraction.
For example:
- Joe Biden was 4/7 in 2020, so $20 x 4/7 = $11.43.
- Donald Trump was 11/8 in 2020. Hence, $20 x 11/8 = $27.60.
Decimal Odds
When you place a winning wager, you get your bet amount – known as your stake – back along with your profit. For example, a $20 bet at -175 would earn you a profit of $11.43, and a total return of $31.43, as you get your stake back.
Decimal odds tell you the total return you would receive, including your profit and stake. You just multiply your bet amount by the decimal figure. For example:
- Joe Biden was 1.57 in the last election, so $20 x 1.57 = $31.43
- Donald Trump was 2.38 back in 2020, so $20 x 2.38 = $47.60
How to Bet On the 2028 Presidential Election
The world’s leading US politics betting sites offer a wide range of 2028 election betting odds. These are some of the most popular markets:
Winner:
This is a straightforward bet on which candidate will win the election. The US election betting odds for 2028 will change regularly in the build-up to the day of the vote.
To win the Popular Vote
It is entirely possible to win the popular vote and still lose the election. Hillary Clinton and Al Gore know that all too well. The former won the popular vote by almost 2.8 million votes, while Gore earned around 500,000 more votes than George W. Bush.
The electoral college system is set up in a way that gives additional weight to certain parts of the country, so it is not always enough to simply gain more votes than your opponent.
Winning Party: Republicans or Democrats
This is a simple wager on which party will produce the 2028 election winner. It means you do not have to specify a candidate, so it is a popular bet when the vote is still a couple of years away.
Winning Gender
A prediction on whether a man or a woman will win the election. A man was -250 in the US election betting odds 2024 and a woman was +350 before both Biden and Trump secured the required amount of delegates to become the presumptive nominee for their respective parties; before Biden was eventually ousted in favor of Kamala Harris.
Democrat Nominee
This market allows you to predict which individual will earn the Democratic nominee.
What is the Electoral College?
The Electoral College is a voting system devised by the Founding Fathers. It divides the country into 538 electors, who formally choose the president through the electoral college.
The number of electors a state receives depends upon the size of its population. It is determined by the number of members of the House of Representatives and Senate each state has. For example, large states receive the most votes:
- California (55)
- Texas (38)
- Florida (29)
- New York (29)
Meanwhile, smaller states receive just 3 votes. These states are:
- Alaska
- Delaware
- Montana
- North Dakota
- South Dakota
- Vermont
- Wyoming
- District of Columbia (Washington D.C.)
A candidate needs to secure a majority of at least 270 votes to win the presidential election.
What are the Key Swing States for the 2028 Presidential Election?
Some states always vote Democrat, while others are Republican strongholds. Yet certain states sit somewhere in the middle, and they could swing either way.
These swing states are key battlegrounds for presidential candidates, so they spend a large chunk of their time campaigning in those areas, such as:
2028 Presidential Election Odds FAQs
Can I Bet on the 2028 US presidential election?
You cannot bet on the 2028 US presidential election at licensed sportsbooks such as BetMGM, Caesars Sportsbook and FanDuel. However, you can place a bet on the election if you happen to visit a country that permits politics betting, such as the UK.
Can I bet on US politics?
You will not find US election betting odds for the 2028 U.S. Election at regulated sportsbooks in the United States, as politics wagering is not yet permitted.
Where can I bet on the 2028 US presidential election?
You can bet on the 2028 US presidential election at sites such as Bet365, 888 Sport, Betfair and Ladbrokes.
You will not find US politics odds at sportsbooks in the US, as betting on elections is unregulated in the United States aside from financial exchange Kalshi.
Where can I bet on US politics?
You must be physically located in a country that permits betting on politics. For example, bookmakers in Europe offer US politics betting, allowing customers to speculate on the next US president.
How is the winner of the 2028 US Presidential Election Determined?
A candidate must win at least 270 of the electoral college votes to become the next US president. In 2024, Donald Trump won 312 electoral college votes, defeating Kamala Harris and also winning the popular vote.
What is a swing state?
A swing state is a key battleground that could vote either way in a US presidential election. A candidate must often prevail in key swing states to become the next US president.
What is the US Electoral College?
The Electoral College is a process used to determine the outcome of the presidential election every four years. It consists of 538 electors and a candidate must secure a majority of at least 270 to win the election.
As the most populous state, California accounts for 55 votes, whereas smaller states such as Vermont and Wyoming only receive 3 votes.
Are there other parties besides the Democrats and Republicans?
The Democrats and Republicans are the most powerful parties by a comfortable margin, but smaller parties can put forward candidates such as:
- Reform Party
- Libertarian Party
- Socialist Party
- Natural Law Party
- Constitution Party
- Green Party
Yet you will find that Republicans and Democrats dominate the presidential election odds, as it is inconceivable that anyone will break the two-party dominance any time soon.