State-level midterm election fundraising on track to exceed $7 billion

State candidates, party committees and ballot measure committees for 2021 and 2022 elections are projected to raise more than $7 billion, a new OpenSecrets analysis of state-level campaign finance disclosures projects. 

Although more difficult to predict, expenditures by those same three groups could approach $7 billion, likely surpassing the estimated 2018 midterm spending record of $6.6 billion, adjusted for inflation. 

“As with federal races, money flowing into state elections has skyrocketed in recent years — and 2022 ups the ante again. With so many governors up for election this year, gubernatorial races could have enormous consequences in states across the country,” said OpenSecrets Executive Director Sheila Krumholz.