CHICAGO - Acknowledging he doesn't have enough votes to win the election, Governor Pat Quinn conceded the race to republican Bruce Rauner Wednesday afternoon.
With 99 percent of the precincts reporting, Governor Quinn remained five percentage points behind Rauner. Governor-elect Rauner had declared victory last night but Quinn said he'd wait for all votes to be counted before conceding. By Wednesday afternoon, it became clear to Quinn he couldn't win. He promised to help out with the transition.
Rauner's victory marks the first time Republicans have been in control of Illinois' Executive Mansion since 2003.
It was Rauner's first bid for political office and quickly became one of the most expensive races in the country. Approximately $100 million was spent on the race for governor. Rauner is a venture capitalist from Winnetka. Quinn first became Illinois governor in 2009 in the wake of ex-Governor Rod Blagojevich's corruption scandal. Quinn narrowly beat Bill Brady in 2010.