Jacob alias Kane ran against Knox county commissioners Brad Anders and Bob Thomas.
While the gap is reported at 17 votes between Jacobs and his closest rival, officials in Knox County have said that Jacobs will not be "officially" reported as the victor until ballots are rechecked next week.
Kane received 14,633 votes to Anders' 14,616.
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"This was a real hard fought race". According to WKRN, provisional ballots are used when there are questions about voter eligibility; 38 of them had no record of voter registration, and officials expect most will not be valid.
Jacobs, who also worked as an insurance agent, continued to make WWE appearances after announcing his campaign a year ago.
Ventura was mayor of Brooklyn Park, Minnesota, from 1991 to 1995 and became governor of Minnesota in 1999. This landmark victory has more than five times as many Republicans voting than Democrats in Knox County.
On the Democratic side, Linda Haney has a comfortable lead over Rhonda "Mousie" Gallman, 4,250-1,912.