From Sheila Krumholz, OpenSecrets <[email protected]>
Subject Votes cast, $14 billion spent, yet many unknowns
Date November 6, 2020 9:17 PM
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November 6, 2020
This week in money-in-politics

Senate Democrats raised record cash,
but much went to losing candidates

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Democratic Senate candidates raised unprecedented amounts of money in hopes of reclaiming the upper chamber Tuesday, but large chunks of that money went to candidates who lost big on Election Day.

Democrats hoped a rising tide could lift their challengers in red states. Polls showed close races, even in states like South Carolina and Kansas, that forced GOP groups to invest in deep-red areas. Such results never emerged, and Democratic donors who gave record-breaking amounts of money to those Senate candidates were left empty-handed.

In South Carolina, Democrat Jaime Harrison raised nearly $108 million, an all-time record, but is losing by 14 points to Sen. Lindsey Graham (R-S.C.) with 91 percent of the vote reported. Harrison outraised Graham by $35 million through mid-October, a fact that caused Graham to plead for donations on-air, and prompted super PACs to spend $32 million backing him. When all was said and done, the race wasn’t particularly close.

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** Campaign spending continues in Georgia Senate runoffs
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The 2020 election, and possibly the battle for control of the Senate, will spill into 2021 and campaign money will continue flowing as Georgia prepares to host two runoff elections Jan. 5. The Peach State saw an influx of campaign spending this year thanks to a doubleheader of Senate races and a competitive presidential race. With 99 percent reporting, Joe Biden held a narrow lead as of Friday morning, though state election officials plan to recount the vote.
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** GOP House candidates overcome fundraising deficits in toss-up races

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Republican candidates overperformed in key House races, winning a handful of toss-up seats despite raising millions less money. House Democrats significantly outraised GOP candidates this fall, but Republicans held their own. In nine of the most competitive races, Democrats outraised GOP candidates by over $3 million. Of these races, six have been called and Republicans won five. GOP challenger Yvette Herrell flipped New Mexico’s 2nd District.
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** Trump and Biden continue fundraising as they lawyer up for legal battle
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Election Day has come and gone, but the most expensive presidential election in U.S. history is poised to become even pricier as the candidates prepare for a bitter legal battle. President Donald Trump is banking on his supporters’ donations to fund a wave of lawsuits contesting the results in battleground states. Democratic nominee Joe Biden is also asking his supporters for financial help to ensure all votes are counted.
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‘Dark money’ groups find new ways
to hide donors in 2020 election

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“Dark money” groups have poured more than $750 million into 2020 elections through ad spending and record-breaking contributions to political committees such as super PACs.

That’s according to OpenSecrets research in partnership with the Wesleyan Media Project. The top 20 dark money groups spending in 2020 elections account for nearly half-a-billion of that sum. And in a continuation from the 2018 midterms, when liberal dark money groups reported more spending than their conservative counterparts for the first time in history, Democrats are receiving more help from dark money groups than Republicans.

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OpenSecrets in the News

See our media citations from outlets around the nation this week:

* ** Dems head toward House control, but lose incumbents to GOP (The Associated Press) ([link removed])
Although their majority seemed secure, the results were an unexpected jolt for a party that had envisioned gains of perhaps 15 seats. They were a morale booster for Republicans, who going into Election Day were mostly bracing for losses.

* ** Georgia Senate runoff election is shaping up to cost tens of millions of dollars (CNBC) ([link removed])
The coming Georgia Senate runoff between GOP Sen. Kelly Loeffler and Democratic challenger Raphael Warnock is shaping up to cost tens of millions of dollars.

* ** How Stephanie Bice Beat Kendra Horn To Flip Seat Back to GOP (Oklahoma Watch) ([link removed])
In the weeks leading up to Election Day, voters in Oklahoma's 5th Congressional District were bombarded by commercials on the airwaves and online, most of them paid for by outside groups.

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** City and State New York ([link removed])

** The Fayetteville Observer ([link removed])

** The Atlanta Journal-Constitution ([link removed])

** The Indianapolis Star ([link removed])

** The Charlotte News & Observer ([link removed])

** The Waterloo-Cedar Falls Courier ([link removed])

** The Kansas City Star ([link removed])

** Bozeman Daily Chronicle ([link removed])

** Sports Illustrated ([link removed])



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4 star rating for 8 consecutive years
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