State candidates, party committees and ballot measure committees for the 2021 and 2022 elections are projected to raise more than $7 billion.
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October 20, 2022
State-level midterm election fundraising on track to exceed $7 billion
A new OpenSecrets analysis projects state-level candidates, party committees and ballot measure committees are projected to raise over $7 billion for 2021 and 2022 elections.
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GOP House leadership pivots to back Gen Z candidate Karoline Leavitt in New Hampshire’s 1st Congressional District
Republican U.S. House leadership pivoted to support Karoline Leavitt after spending big to back her moderate opponent in the GOP primary.
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“Pop-up” super PAC that spent big in New Hampshire’s U.S. Senate primary funded by Senate Leadership Fund and GOP megadonor
Senate Leadership Fund and a GOP megadonor funded White Mountain PAC, a “pop-up” super PAC that spent $4.6 million in New Hampshire.
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Secretary of state candidates have raised a record $56.2 million for 2022 election
Secretary of state candidates have raised nearly $56.2 million, more money than in any previous election cycle, adjusted for inflation.
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Election-denying Republican nominees for secretary of state lag in fundraising
America First Secretary of State Coalition candidates are outraising Democrats ahead of 2022 elections in just one state.
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Republican Accountability PAC launched ads targeting Herschel Walker after abortion bombshell
Bankrolled by Democrats, the Republican Accountability PAC has spent $600,000 opposing Walker.
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Outside groups spent a midterm-record of $1.3 billion on 2022 federal elections
Outside groups have spent over $1.3 billion on 2022 federal midterm elections, surpassing the nominal – not adjusted for inflation – 2018 midterm election record.
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Following Supreme Court decision, self-funding candidates are using campaign funds to pay themselves back
A rule change after the Supreme Court’s FEC v. Ted Cruz decision is helping put campaign money back in self-funding candidates’ pockets.
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In case you missed it: OpenSecrets' Pre-election Briefing
OpenSecrets hosted a pre-election briefing on the total cost of state and federal elections as well as major campaign finance trends in 2022.
** Watch the full briefing here. ([link removed])
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
** New poll finds deep economic pessimism ahead of midterms (NBC News) ([link removed])
“Republicans and Democrats are engaged in an intensifying money race with polarization bringing more money than ever into our elections,” said OpenSecrets Executive Director Sheila Krumholz. “State-level candidates vying to oversee future elections are seeing an especially noteworthy surge in funding, highlighting the public’s concern with election integrity.”
** See how campaign money is being spent ahead of midterms (PBS NewsHour) ([link removed])
"Both sides are raising millions of dollars within — from these dark money groups. But, right now, what we're seeing is the — especially in the Senate, the Senate Leadership Fund is able to outspend the Democratic — their Democratic counterparts," said Brendan Glavin from OpenSecrets.
** Democrats’ feared red October has arrived. (The New York Times) ([link removed])
In state races, candidates, party committees and ballot measure groups are on track to raise $7.4 billion this election cycle, per OpenSecrets. That’s a $400 million increase from 2018 but less than the $2.4 billion increase from 2014 to 2018.
** The Washington Post ([link removed])
** Axios ([link removed])
** Roll Call ([link removed])
** Forbes ([link removed])
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** Wisconsin Public Radio ([link removed])
** Cleveland.com ([link removed])
** NorthJersey.com ([link removed])
** Sludge ([link removed])
** Colorado Public Radio ([link removed])
** FactCheck.org ([link removed])
** Crain's Chicago Business ([link removed])
** Responsible Statecraft ([link removed])
** The Guardian ([link removed])
** Law.com ([link removed])
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