President Joe Biden is the third most-likely candidate to win the 2024 presidential election, according to bookmakers who see two Republican candidates as more likely to win the presidency than the Democratic incumbent.
DraftKings Sportsbook went live with its 2024 election odds for bettors in their Canada markets, and the early money is behind former president Donald Trump as the favorite at +250, followed by Florida governor Ron DeSantis at +350. Biden comes in a distant third behind the two Republicans at +550, meaning a $100 bet would net those bullish on Biden’s chances to retain the White House $550.
The betting markets are likely pricing in Biden’s historically low approval rating, which has made him the least-popular president in American history. Approximately two-thirds of Americans believe Biden is responsible for the 40-year-record inflation facing the nation. A majority of voters say inflation is the most important issue facing the country, causing many vulnerable House Democrats to distance themselves from the president as midterms approach.
It also remains unclear whether Biden will even be on the ballot—several Democratic operatives and liberal pundits have stated that Biden is too old to be president.
Vice President Kamala Harris trails far behind Biden, with the sportsbook offering +1,200 odds for anyone who thinks Harris will be elected the United States’s first female president. Only 38.7 percent of Americans have a favorable view of Harris, according to RealClearPolitics polling.
The other candidates trailing Harris with the best odds are former vice president Mike Pence (+1,400), former U.N. ambassador Nikki Haley (+2,500), Transportation Secretary Pete Buttigieg (+2,500), California governor Gavin Newsom (+3,000), actor Dwayne “The Rock” Johnson (+4,000), and two-time failed presidential candidate Hillary Clinton (+4,000).
Other failed presidential candidates on the betting sheet include Republican senator Rand Paul, who at a price of +15,000 is viewed as less likely to win the presidency than rapper Kanye West (+10,000) and activist George Clooney (+10,000).