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J.B. Pritzker is the new Governor of Illinois

CHICAGO, Illinois -- Incumbent Bruce Rauner conceded to challenger J.B. Pritzker, according to a member of Rauner's staff.

With all votes in, Rauner had 40 percent of the vote while Pritzker had 54 percent of the vote.

Rauner took office in 2015 after winning by a small margin of votes against former Illinois Governor Pat Quinn.

According to Ballotpedia, Pritzker has a law degree from Northwestern University.  He's previously served as the chairman of the Illinois Human Rights Commission.

Read More: Rauner political ad drops the “F-bomb,” dramatizes wedding between Pritzker, Madigan

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Skip to 18:30 to hear Pritzker's full speech.