How to measure Current being drawn by Arduino Platform

Easiest method is to put your multimeter into mA mode, and put it in series with the Positive power lead into the board.

Doing it in software, put a shunt in series with the power lead, use the arduino to do analog readings on both sides, and do the math: (Vhigh - Vlow)/shunt resistance, with Vhigh = analogreading * 5/1024 (or ~.00488)