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Election Day is finally here and many are saying that this election could be the closest yet.

In the last wave of polls released on Monday, President Obama has a slim and narrow lead over his Republican challenger Mitt Romney.

According to RealClear Politics' average of polls, the president leads Romney by 0.7 percent, 48.8 to 48.1 percent.

The final Rasmussen Reports daily presidential tracking poll this season shows Romney leading Obama by one percent, 49 - 48 percent. The poll shows that 52 percent of voters believe the president will be reelected, while 38 percent think Romney will win.

In the final POLITICO/George Washington University Battleground Tracking Poll, 47 percent of likely voters support the president and Romney.

Gallup's final poll numbers give Romney 50 percent of the support from likely voters and Obama 49 percent.

An ABC News/Washington Post poll shows the president leading Romney by three points, 50 - 47 percent.

HuffPost Pollster Simon Jackman gives Obama a 91 percent chance of being reelected.

New York Times pollster Nate Silver said "Obama has a 91.6 percent chance of winning, up 14 percent since Oct 30.

"In order for Mr. Romney to win the Electoral College, a large number of polls, across these states and others, would have to be in error, perhaps because they overestimated Democratic turnout," Silver wrote. "It's this possibility, more than the chance of a successful hail-mary in a state like Pennsylvania, that accounts for most of Mr. Romney's remaining chances of winning the Electoral College. But Mr. Romney's chances of winning the Electoral College have slipped, and are now only about 8 percent according to the forecast model - down from about 30 percent 10 days ago."

The first results are in and it's a tie.

Obama and Romney each received five votes from residents in Dixville Notch, New Hampshire. The voters were first to cast a ballot on Election Day in the nation.

The first set of polls close at 6 p.m. EST in Indiana and Kentucky and Alaska's results will start rolling in after midnight.

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