His stance drew a sharp attack from Hillary Clinton as the two faced off in the feisty final presidential debate in which she was declared the winner.
The controversial 70-year-old Republican candidate maintained that he would keep the suspense about accepting the election result till November 8.
"I will look at it at the time. I'm not looking at anything now," he said in response to a question whether he would accept the poll results, during the third presidential debate at the University of Nevada here.
"The media is so dishonest and so corrupt and the pile on is so amazing, The New York Times wrote an article about it. They don't even care, it's so dishonest, they've poisoned the minds of the voters, but unfortunately for them, I think the voters are seeing through it," he said.
Also Read
Trump's comments at the Las Vegas showdown marked a stunning moment that has never been seen in the weeks before a modern US presidential election, CNN said.
Trump's remarks came after moderator Chris Wallace of Fox News said the peaceful transfer of power, a hallmark of American democracy, depends on the losing candidate accepting the validity of the electoral results.
Democratic nominee, Clinton, described her rival's refusal to accept the outcome of the election as "horrifying", and even went so far as to paint him as a "puppet" of Russian president Vladimir Putin.
"And I, for one, am appalled that someone who is the nominee of one of two major parties would take that position."
"That is not the way our democracy works. We've been
around for 240 years. We've had free and fair elections. We've accepted the outcomes when we may not have liked them. That is what must be expected of anyone standing on a debate stage during a general election."
Trump, meanwhile, said American voters are wise enough to see through everything.
According to CNN, Clinton emerged as winner in today's debate with an impressive 13 percentage points lead.
Overall 52 per cent of those who watched the debate said Clinton did the best job, while 39 per cent said Trump was the winner, CNN said, releasing the results of its unscientific poll.
Clinton has won all the three presidential debates. But the network noted that the victory margin was narrowest for Clinton in the third and final debate.
During the debate, Trump accused Clinton campaign of orchestrating a series of accusations by women who said the businessman made unwanted sexual advancements.
"She should not be allowed to run. And just in that respect, I say it's rigged, because she should never have been allowed to run for the presidency based on what she did with e-mails and so many other things," Trump said during the debate to woo undecided American voters.
The bad blood between the candidates was unmistakable throughout their final head-to-head - and pointedly there was no handshake before or after the contest.
"Those stories are all totally false - I have to say that," Trump said.
"And I didn't even apologise to my wife who is sitting right here because I didn't do anything."
Trump called Clinton "such a nasty woman" after she attacked his personal record on paying no income tax for years.
Trump, under enormous pressure to halt Clinton's steady rise in opinion polls, came across as repeatedly frustrated as he tried to rally conservative voters with hard-line stands on illegal immigration, abortion rights and gun laws.
Clinton said that Trump is the "most dangerous person to run for presidency".
Trump is "unfit (to be president, and he proves it every time he talks," Clinton alleged.
"No, you are the one that's unfit," Trump responded by interrupting her remarks.
Trump also slammed the foreign policy of outgoing US President Barack Obama and Hillary Clinton in Iraq and Syria.