According to OpenSecrets, federal and state candidates are expected to spend more than $2.5 billion more than the 2018 midterm. abc15
The 2022 election is projected to be the most expensive midterm on record with a projected $16.7 billion being spent on federal and state races.
According to OpenSecrets, candidates for federal office are expected to spend $8.9 billion. State candidates will generate over $7.8 billion in spending, the organization estimates.Senate races, particularly those projected to be toss-ups, generate the most spending. Pennsylvania, Georgia, Arizona, Nevada and Wisconsin are projected to be the most expensive races in the U.S., OpenSecrets says.
“No other midterm election has seen as much money at the state and federal levels as the 2022 elections,” said Sheila Krumholz, OpenSecrets’ executive director. “We’re seeing record-breaking totals spent on elections up and down the ballot.” OpenSecrets noted that expensive primaries, especially on the Republican side, was a big reason for the jump. The group said inflation might play a role in keeping general election figures lower.
“Aggressive fundraising in early 2021 and competitive Republican primaries contributed to the record-smashing totals we saw earlier this year, but as 2022 wears on we are seeing candidates report more pedestrian hauls,” said Sarah Bryner, OpenSecrets’ director of research and strategy.
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