BREAKING: Rick Scott Wins Florida Governor Race; Sink Concedes

Democrat Alex Sink finally conceded victory to Republican Rick Scott late Wednesday morning, ending one of the closest, most contentious and most expensive governor's races in the history of Florida.

Trailing Republican Rick Scott by one percentage point and about 50,000 votes out of over 5 million cast, Sink said she fell "just a little bit short."

Sink conceded to Scott from her Tampa headquarters around 10:30 a.m., thanking the voters who came out and said it was "remarkable" how close she came.

This is an important hold for Republicans.  Congratulations to Rick Scott.  Florida went mighty red this cycle. 

UPDATE: Jillian has more on this major outcome.