Update (November 8, 2018): All of Florida's ballots will now be recounted to see who has won the governor's race, the Orlando Sentinel reports.

Republican Ron DeSantis' lead on Democrat Andrew Gillum fell to 0.47 points Thursday afternoon. Just 39,000 votes now separate the two men.

The recount will be done by machines and should be concluded by November 18. 

Original: After conceding the governor’s race in Florida to Republican Ron DeSantis, Democrat Andrew Gillum’s campaign has been given new hope. According to the Tallahassee Democrat, tens of thousands of ballots still need to be counted in the tight race.

As of Thursday, DeSantis has a 0.7 percent lead on Gillum, with 4,052,118 votes to the Democrat's 3,996,679, according to the Naples Daily News. This is a difference of 55,439 votes. However, according to the Tallahassee Democrat, White House reporter April Ryan's sources have told her the actual vote difference between the men is only 15,000.

After the news broke that a potentially pivotal number of ballots remain uncounted, Gillum's campaign released a statement that said the mayor "operated with the best information available" when he conceded, but will now be "monitoring the situation closely."

The candidate himself tweeted, "I'm looking forward to seeing every vote counted."

I’m looking forward to seeing every vote counted. https://t.co/WT86K6Od7T

— Andrew Gillum (@AndrewGillum) November 8, 2018

According to the Miami Herald, if the margin of victory in a Florida race is 0.5 percent or less, a electronic recount of ballots must be carried out (unless the loser refuses). Should Gillum pick up just a few thousand more votes, the recount will happen.

Florida's U.S. Senate race is also tight, and a recount seems very likely in that contest as well.

The first unofficial results from Broward County are anticipated to come in on Friday by 1:00 p.m., and all counties must have their tallies in by Saturday at 12:00 p.m. Should the races meet the requirements for a recount at that time, every single ballot in the state will be fed into machines for digital tallying.

At that time, the winners of the races would be declared once and for all.