President Donald Trump has not yet conceded in the 2020 presidential election, and bookmakers who took bets on the winner aren’t ready to call the race, either.
Online gambling sites have yet to call Biden “president-elect,” which has put millions of dollars in wagers in limbo. “At one site alone, London-based Betfair, nearly $600 million in presidential wagers are hanging tight,” the New York Post reported.
“We still have not graded a winner,” Adam Burns, sportsbook manager of BetOnline, told the Post, adding that a call awaits resolution on the Trump campaign’s legal wranglings. “People who bet Trump say it is not over. People who bet Biden say it is. This makes for a tricky situation where we have to be sure. It’s not like a football game,” Burns said.
And that’s left lots of money in the kitty. “The presidential election was bigger than the Super Bowl, which is normally our biggest event of the year,” said Burns. “We