The former VP's decision to skip out on running for California governor changes the political math for her party - and back in her home state.

Kamala Harris’ decision not to enter the governor’s race is an immense victory for her would-be Democratic opponents, unlocking troves of donors who had been waiting for her announcement and voters who almost universally know the former vice president.

The odds-on Kamala Harris becoming the next president have improved sharply from 50/1 (2 percent) to 25/1 (3.8 percent) among one bookmaker after the former vice president announced on Wednesday that she won't be running to be the next governor of California in 2026.