VIDEO: Crowds celebrate as Barack Obama re-elected as president

Supporters of President Barack Obama celebrated in Chicago as the major networks projected he would have a majority of electoral college votes.

2012 US Presidential Elections: Barack Obama gets 281 votes till now, Mitt Romney gets 203 votes.

Predictably, Mitt Romney won in several Republican strongholds, but President Barack Obama won in several of the battleground states such as Ohio, New Hampshire, Florida, Iowa, Virginia and Pennsylvania that determine the outcome of presidential elections in the US. He also won California, a major Democratic stronghold with 55 electoral votes.

Mitt Romney not yet ready to concede defeat, says a Republican aide.

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