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2026-11-03T20:28:23.000Z

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Who Pays for US Elections

Who Pays for US Elections

Spending on the 2026 U.S. midterm elections is on track to reach a record $11.9 billion, including about $3.9 billion in outside spending, while candidates’ campaigns are expected to spend $3.7 billion. Advertising money comes from independent political committees, lobbying groups, wealthy donors and corporations, including entities linked to the AI industry. So-called “dark money”—whose ultimate funders cannot be identified—has reached about $1.47 billion. In congressional races, outside groups have spent more on advertising than candidates have. But the sheer scale of the funding alone does not prove that it determines election outcomes, and the many intermediaries and funding sources make it harder to trace who is behind the messages reaching voters.

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