After Mitt Romney and Rick Santorum battled to a draw in the Iowa caucus on Tuesday night, the campaign turns to New Hampshire, which will hold the first presidential primary on Tuesday next week.

While Romney and Santorum both took 24.6 percent -- Romney finished 8 votes ahead of Santorum when the smoke cleared -- to continue their presidential bids, some of the Republican hopefuls, namely Rick Perry and Michele Bachmann, are reassessing and may pull the plug on their campaigns altogether.

At 24.6 percent, Romney took less of the Iowa electorate this time around than he did in 2008, when he pulled 25.2 percent to take second behind Mike Huckabee. With Perry and Bachmann likely heading to the sidelines, Romney needs to appeal to conservatives and hope they do not solidly line up behind Santorum.

Still, Romney has some advantages and, according to  a poll from Suffolk University/7NEWS released on Tuesday afternoon, leads the pack of Republican presidential hopefuls in New Hampshire.

The poll finds Romney running away with the primary in the Granite State with 43 percent, followed by Ron Paul in second with 16 percent and Jon Huntsman in third with 10 percent. Newt Gingrich takes fourth with 9 percent, followed by Santorum with 5 percent and Perry and Bachmann lagging behind with 2 percent each.

Gingrich had been second in New Hampshire polls last month but is showing signs of fading in the Granite State.

“Newt Gingrich is struggling to revive his campaign in New Hampshire,” said David Paleologos, director of the Suffolk University Political Research Center, in a statement released on Tuesday. “But Rick Santorum now trails Gingrich by only 4 points, and if he surpasses Gingrich and knocks him into fifth place, it would be fatal for Gingrich.”
 
The poll of 500 likely New Hampshire Republican primary voters was taken on Jan. 1-2 and had a margin of error of +/- 4.4 percent.

Romney could get a boost on Wednesday when he is expected to receive the backing of John McCain, the Arizona senator who won the New Hampshire Republican primary in 2000 and 2008.