OpenSecrets projects US midterm spending of $11.9bn, about 30% above 2022

The short version

• OpenSecrets projects US midterm campaign spending at about $11.9bn, roughly 30% above 2022.[BBC News · The Washington Sun]
• AdImpact tracked $11.15bn in advertising spending through the end of October.[BBC News]
• The Brennan Center counts $2.4bn from the top 40 donors through 14 October, a record high for that point.[BBC News]
• Figures are projections or partial tallies, and sources differ on scope and growth.[BBC News · The Washington Sun]

Key facts

• OpenSecrets projects congressional races will cost about $11.9bn, a $1.7bn rise from 2022 after inflation adjustment.[The Washington Sun]
• OpenSecrets has projected total midterm spending at $11.9bn, about 30% more than the 2022 midterms.[BBC News]
• AdImpact tracked $11.15bn in advertising spending through the end of October.[BBC News]
• AdImpact says state and federal campaign advertising has cost $11.6bn this cycle.[The Washington Sun]
• The Brennan Center reports the top 40 donors gave $2.4bn through 14 October, a record high for that point in a midterm cycle.[BBC News]
• By The Guardian's count, Elon Musk has spent $446 million, just under 4% of OpenSecrets' projected total.[The Washington Sun]
• Ripple and Coinbase combined to give $63 million to fund crypto-industry Super PACs, according to OpenSecrets' Brendan J Glavin.[BBC News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• US midterms campaign 'shattering' spending records to be most expensive everBBC News - World
• ‘Unprecedented’: Election Spending Breaks Records — and StandardsThe Washington Sun