Funding for U.S. Political Campaigns has more than Doubled Since November 2023

Between January 2023 and April 2024, US political campaigns collected around $8.6 billion for the 2024 House, Senate, and presidential elections. Over 65% of that money, about $5.6 billion, came from PACs political action committees.

Individual candidates have drawn over $2.0 billion, while party committees raised just over $929.9 million: $188.6 million for the Democratic National Committee, $130.1 million for the Republican National Committee, with the remainder coming from party committees at the local, state, and national level.

So far, the 2024 campaigns have spent approximately $3.9 billion of total funds raised.

Political fundraising has brought in $5.0 billion since November 2023 alone— a 137% increase in total funding between November 2023 and April 2024.

During the 2020 election cycle, campaigns raised over $9.0 billion between January 2019 and April 2020, about $10.6 billion when adjusted for inflation. By the end of the 2020 cycle, they had collected over $25.3 billion, or $29.8 billion, after adjusting for inflation.