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Democrats dominate fundraising in key Senate races, but Republicans still have ample resources

Democratic Senate candidate James Talarico speaks during a “Talarico for Texas: Frontera Tour” campaign rally at the La Posada facility, July 14, 2026, in Laredo, Texas. Brandon Bell/Getty Images

(WASHINGTON) — Democrats raised more money than their Republican opponents in key Senate races across the country in the second quarter, according to campaign finance filings made this week to the Federal Election Commission. 

In Georgia, Democratic Sen. Jon Ossoff raised almost ten times what Republican Rep. Mike Collins did. In Ohio, Democrat Sherrod Brown outraised Republican Sen. Jon Husted by roughly $10 million. In Texas, Democrat James Talarico outraised Republican Ken Paxton by over $26 million. 

Talarico’s haul marks a new record for second quarter fundraising, far surpassing other Democrats who previously pursued Senate seats in Texas.

At this point in Beto O’Rourke’s 2018 campaign, O’Rourke had raised a grand total of just under $24 million since the start of the election cycle. MJ Hegar had raised $6.6 million in 2020, and Colin Allred had raised over $38 million in 2024. All three of those Democratic candidates ultimately lost their general election fights.

Talarico has raised nearly $69 million this cycle, and the candidate still has over $21 million to spend. Lone Star Rising, a super PAC that supports Talarico, raised $12.7 million in the second quarter, most of it from LinkedIn co-founder Reid Hoffman.

Talarico’s opponent, Paxton, who is currently serving as the state’s attorney general, raised $2.2 million in the second quarter and has around $1.8 million in the bank, according to filings.

Lone Star Liberty, a super PAC that supports Paxton, raised about $4.3 million. They have about $35,000 cash on hand.

Republican PACs remain well-stocked, and Elon Musk contributions grow

Still, there are reasons for Republicans to be optimistic as the general election approaches.

In some cases, Republicans still have more money saved. Alaska Democrat Mary Peltola outraised her opponent, Republican Dan Sullivan, by nearly $5 million. But Sullivan spent little (under $1 million) in the second quarter, and still has more than $8 million on hand, according to FEC filings. That puts him $1 million ahead of Peltola.

Republican super PACs and party committees are also well-resourced. The Senate Leadership Fund, a flagship Republican super PAC affiliated with Senate Majority Leader John Thune, outraised its Democratic equivalent, the Senate Majority PAC, by nearly $20 million. 

The National Republican Senatorial Committee (NRSC) reported having a cash on hand lead of over $10 million on the Democratic Senatorial Campaign Committee (DSCC) when those groups filed their most recent monthly reports. The Republican National Committee (RNC) has over $125 million in the bank, while the Democratic National Committee (DNC) is in debt. 

MAGA Inc., a Donald Trump-affiliated super PAC, had over $382 million on hand when its most recent monthly report was filed. 

Among MAGA Inc.’s donors is Elon Musk, who has emerged as one of the Republican party’s top supporters this midterm cycle despite past spats with Trump. He has invested at least $90 million dollars, including a recent $5 million donation, to Vivek Ramaswamy’s super PAC, V-PAC. Ramaswamy is running for Ohio governor against Amy Acton. Musk also endorsed Ramaswamy, which comes after notable tension between the two when co-leading the Department of Government Efficiency. 

Musk’s own super PAC, America PAC, has kept a relatively low profile since last year, when Brad Schimel, Musk’s preferred candidate in a Wisconsin Supreme Court race, lost in a 10-point blowout. America PAC and other Musk-affiliated groups spent millions supporting Schimel. 

Democrats face internal struggles in Michigan and Maine 

Democrats also face challenges internally. In Michigan, two Democratic Senate candidates are still locked in a hard-fought primary, vying for the opportunity to challenge Republican Mike Rogers. Abdul El-Sayed, a progressive candidate endorsed by Sen. Bernie Sanders, raised $4.6 million, while Rogers raised under $3 million. Rep. Haley Stevens raised about $2.1 million, according to FEC filings. Rogers has more cash on hand, $5.7 million, than either of his potential Democratic opponents. 

In Maine, Democrat Graham Platner’s campaign raised over $9 million, while Republican Sen. Susan Collins’ campaign raised around $5.7 million. Collins has far more cash on hand however, $11 million compared to the Platner campaign’s $1.8 million.

Given that Platner dropped out of the race earlier this month in the wake of a sexual assault allegation, which he’s denied, it is still unknown if and how Democrats will access the Platner campaign’s war chest to benefit whoever his replacement turns out to be. Candidate-to-candidate transfers are limited to $2,000. 

ABC’s Gina Montagna contributed to this report.

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Florida Senate race set between Ashley Moody and Angie Nixon

▶ Watch Video: Debbie Wasserman Schultz wins primary for Florida's new 20th district, AP projects Washington — GOP Sen. Ashley Moody and Democratic state Rep. Angie Nixon will face off in November after winning their primaries for U.S. Senate on Tuesday night, The Associated Press projects. Moody defeated a handful of lesser-known Republicans to secure the GOP nomination Tuesday as she fights to hold onto the seat she was appointed to fill last year. But Democrats are eyeing a long-shot pickup opportunity in the Sunshine State in their effort to flip control of the Senate. Nixon, a member of the Democratic Socialists of America, defeated Alex Vindman, a National Security Council whistleblower who testified in President Trump's first impeachment trial, in Tuesday's primary. The win marks the latest example of an insurgent Democrat pulling off a victory in the primary over a more moderate opponent with a significant cash advantage. It's a dynamic that has defined the midterm elections so far, cropping up in races from New York City to Colorado to Michigan."Rep. Nixon ran a strong campaign. I will be standing by her side in the fight against Ashley Moody. I hope you'll join me," Vindman said in a statement Tuesday night.In the primary, Nixon, 42, leaned on her deep roots in the state and ran on progressive policies like Medicare for All, free childcare, paid family and sick leave and a national rent freeze, while highlighting her background as a champion for working and middle-class Floridians. She's represented portions of the Jacksonville area in the Florida statehouse since 2020."Like in many parts of the country, Florida voters were fed up," Nixon said in a statement Tuesday night. "They made it clear that they want someone who will fight for the change that actually helps their lives such as lower costs, higher wages, Medicare for All, and a people-powered government that prioritizes families.""Winning the primary was only the beginning," Nixon added. "We have 77 days to flip Florida blue, win this Senate seat, and help take back the U.S. Senate. And we cannot waste a single one. They tried to stop us. We won anyway. Now, we're coming for the U.S. Senate."Meanwhile, a handful of Republicans, including Army veteran Chris Gleason, physician Neelam Perry and minister Ernie Rivera, had been vying for the GOP nomination. But Moody, a former Florida attorney general, secured the nomination, billing herself as a fifth-generation Floridian with a track record of backing law enforcement and fighting for safer communities. The Florida Republican, 51, was appointed by Gov. Ron DeSantis to replace Secretary of State Marco Rubio in Congress' upper chamber. Now, she's aiming to win the special election to serve out the remainder of his term, which ends in early 2029. Moody served as Florida's attorney general from 2019 until her appointment to the Senate in January 2025. Before that, she worked as a commercial litigator and federal prosecutor, and became Florida's youngest circuit court judge in 2007. In the Senate, she's been a reliable supporter of Mr. Trump's agenda, and received his endorsement last month. Ahead of the primary, Mr. Trump said she's "doing a tremendous job representing the incredible people of Florida."With the primary victories, attention now turns to November's general election. Democrats have been hoping to make inroads in Florida, despite the formerly purple state becoming increasingly red in recent years. Florida last elected a Democrat to the Senate in 2012.With 53 Republicans in the Senate, Democrats would need to win four seats to flip the chamber. But with limited opportunities for pickups, and a handful of their own seats to defend, Democrats' ability to take back control of the chamber has appeared to be an uphill battle. With the race in Florida, they're aiming to improve that picture.
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