By Greg Milam, US Correspondent
Barack Obama looks on course to secure a second term in the White House as Americans cast their votes following the most expensive election campaign in history.
The president appears to have the narrowest of leads over rival Mitt Romney in a number of critical swing states.
The Republican candidate and his wife Ann voted in Belmont, Massachusetts, before he headed to Cleveland in Ohio and Pittsburgh in Pennsylvania for some last-minute campaigning.
Asked who he voted for, Mr Romney said: "I think you know," adding he felt "very, very good" about his election prospects.
If elected, he would be the first Mormon to become US president.
Mitt and Ann Romney cast their votes in Belmont, MassachusettsMr Obama, who voted earlier in the campaign, is spending the day in his home town of Chicago. He has recorded a number of television and radio interviews to be broadcast today.
His vice-president Joe Biden cast his ballot in Greenville, Delaware, saying: "It's always a kick."
When asked if he thought it was the last time he would vote for himself, he told reporters: "No, I don't think so."
US vice-president Joe Biden votes in DelawareMr Biden shook hands with and hugged other voters as he waited. He urged Americans to vote "even if you have to stand in line".
In a possible sign of the tightness of the race, the first ballots on election day saw both candidates receive five votes each in the tiny town of Dixville Notch, New Hampshire.
The president wrapped up his campaign with a rally in Iowa, the state where his 2008 campaign sparked into life, calling on Americans to give him a second chance.
"I came back to ask you to help us finish what we started because this is where our movement for change began, right here," he said.
"After all we've fought through together, we cannot give up on change now. We know what real change looks like."
:: Watch full coverage on Sky News as the results come in from 2230
The two candidates have criss-crossed a handful of swing states in recent days as they try to energise supporters and secure every last vote. Both have sounded weary and hoarse at times.
The latest 'poll of polls' by RealClearPolitics puts Mr Obama on 48.8% and Mr Romney on 48.1%.
In swing states, Mr Obama had a 2.9% lead in Ohio and was ahead by slimmer margins in Virginia and Colorado. Mr Romney led in Florida.
Voting at the Boston Public LibraryOther states to watch include Iowa, Wisconsin, Nevada and Pennsylvania, where Mr Romney has poured money into a late run.
The electoral college system and the state polls suggest Mr Obama could be headed toward re-election partly due to his lead in Ohio, according to Ipsos pollster Julia Clark.
A victory in US presidential elections relies not on a popular vote count but reaching 270 electoral college votes. They are allocated to each state based on the size of its population.
Ms Clark said: "Obama only needs a couple of these swing states and the data suggests that he'll win one or two of them."
Mr Obama and Mr Romney picked up five votes each in Dixville NotchBut Mr Romney's advisers have dismissed those polls and believe they have the momentum.
At a rally in New Hampshire on Monday night, Mr Romney said: "Tomorrow is a moment to look into the future and imagine what we can do, to put that past four years behind us and build a new future.
"Walk with me. Tomorrow, we begin a new tomorrow."
The economy has been the key issue in the campaign and both candidates have been driving grassroots efforts to mobilise support.
Barack Obama's final rally in IowaMr Romney told them: "We have one job left, and that's to make sure that on election day, we make certain that everybody that's qualified to vote gets out to vote."
In the last few days, Mr Obama has been accompanied by stars including Bruce Springsteen and Jay-Z and with appearances from former president Bill Clinton.
Both campaigns have victory rallies lined up, in Chicago and at Mr Romney's HQ in Boston. The candidates will address the nation once the results are known.
There have already been some allegations of irregularities at polling stations and if the numbers are close, recounts and absentee ballots could mean it is days before the result is known.
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