Illinois Governor JB Pritzker has officially launched his campaign for a third term, as announced in a video released on Thursday.

CHICAGO (WLS) — Gov. JB Pritzker has announced he will run for re-election on Thursday.

Over the past couple of months, there has been a lot of speculation over whether the governor might run for president.

Last month, Pritzker told ABC7 he would make his decision by July in an exclusive interview with ABC7’s Craig Wall.

On Thursday, Pritzker announces his new campaign in a video titled “Keep Illinois Moving Forward.”

“I’m seeking re-election to safeguard our progress and to keep addressing the challenges we encounter. I have a deep affection for this state, and serving as your Governor is the greatest honor of my life – to guide us through tough times and share in the joyous ones. I’m prepared for the journey ahead. Whether you reside in the heart of Illinois or elsewhere, come join me as we propel Illinois forward,” stated Pritzker.

The governor conducted a press briefing at 10 a.m. at Chicago’s Grand Crossing Park Field House, the very place where he announced his initial gubernatorial campaign in April 2017.

ABC7 first reported on the announcement on Tuesday.

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Pritzker’s next campaign will include a new running mate. Lt. Gov. Juliana Stratton is stepping down to run for Senate.

“The primary concern is if he chooses to run for president and wins, who would be ideally positioned to succeed him?” explained ABC7 Chicago political analyst Laura Washington. “He perceives himself as a more capable governor now than ever before. He has an established record to campaign on, and should he wish to pursue the presidency, he holds a stronger position to do so from the governor’s office.”

If he wins a third term, Pritzker must govern as he keeps on eye on the White House.

“He can speak against Republicans with greater strength and greater reach if he’s a sitting governor, to discuss priorities that are important for him and also the Democratic Party,” former Illinois House Republican Leader Jim Durkin said.

Pritzker has positioned himself as a leading Democratic voice against President Donald Trump.

He is the first Illinois governor since the late former Republican Gov. Jim Thompson to seek a third consecutive term.

So far, the only known Republican who announced he is challenging Pritzker is DuPage County Sheriff James Mendrick.