A good summary: Republicans bet everything, Obama won it all.
Update 12:45 am ET: Mitt to speak any minute now. Watch.
Update 12:40 am ET: Mitt has officially called Obama to concede defeat.
Update 12:30 am ET: Media now reporting Mitt will concede tonight. There was a question as to whether his camp wanted to concede Ohio, but Obama already won without Ohio.
As of 12:30 am, Mitt hasn't called Obama yet to concede. Mitt told the media he only wrote a victory speech. He didn't bother with a concession speech, so he's probably holding everything up scratching out a speech. After they have that conversation, Obama will speak.
Obama has already crossed the 270 threshold. If Obama wins Florida, the only state outstanding, my map was correct, except for NC, which went to Mitt. It looks like the final number will be 332 electoral votes for Obama, which is big. This was my final prediction:
Mitt just spoke (watch Mitt's concession speech.) I know many thought Mitt's speech was gracious, but I read between the prayers and found it less than gracious. Live stream of Obama's victory speech coming up:
