With the official still unknown, Sportsbet has decided to pay out early on Joe Biden to be elected President of The United States of America.

After CNN projected the state of Michigan would go to the Democrats and holding the ascendancy in Nevada and Arizona, the online bookmaker has deemed the lead unassailable.

In total, $23 million and over 100,000 bets was paid out to Sportsbet punters who backed Joe Biden to win the election.

With postal votes and potential legal proceedings to play out, it could be weeks before an announcement is officially made. But we’ve seen enough, so why make the punters wait?

“In 2019, we made the call to pay out on Labor two days before the federal election, and we know how that panned out. However, we have supreme confidence that Biden will end up in the Oval Office,” said sportsbet.com.au’s Rich Hummerston.