U.S. Democratic Presidential Candidate Joe Biden speaks during a campaign freeze at the Cincinnati Museum Center at Union Terminal in Cincinnati, Ohio, United States on October 12, 2020.
Tom Brenner | Reuters
Democrats slightly overtook Republicans in the third quarter, increasing their money advantage as polls increasingly point to a possible blue wave on election day.
ActBlue, the Democratic fundraising website, processed $ 1.5 billion in donations from July through September. In September alone, small donors gave over $ 750 million. For comparison, the GOP fundraising website WinRed processed over $ 620 million in donations over the same period.
Democrats who compete against Republican Senators in races known as "Lean Democrats" or "Litter" also dominate their opponents in the fundraising game.
Democratic nominee Joe Biden announced late Wednesday that his campaign raised $ 383 million in September, slightly more than he raised in his record breaking August. His campaign manager Jen O & # 39; Malley Dillon tweeted that the October campaign would cost over $ 400 million. Biden has a national lead of about 10 points over President Donald Trump, according to survey averages.
There is at least one ray of hope when it comes to Republican fundraising during the election. The pro-Trump super-PAC Preserve America raised just over $ 83 million in the third quarter, according to Federal Election Commission records. The fundraising success was largely due to $ 75 million in large cash donations from casino magnate Sheldon Adelson and his wife, Miriam.
CNBC previously reported that Sheldon Adelson was planning a last-minute spending flash in support of Trump and that he was targeting contributions of up to $ 50 million. Last month he gave the Super PAC $ 37.5 million.
Record numbers of people have already voted. Election day is November 3rd.
As of Thursday afternoon, the Trump campaign hadn't revealed how much it had raised in the past month. A campaign spokesman did not respond to a request for comment.
Democrats reap huge profits on several events, including the death of Supreme Court Justice Ruth Bader Ginsburg. ActBlue had its biggest donation day ever the day after Ginsburg's death, processing just over $ 70 million.
Other important moments include the announcement in August that Biden has selected Sen. Kamala Harris as his running mate. She had an immediate impact on the money, and her allies in the business world stepped in to help Biden's fundraising campaign. Just before the end of the quarter in September, Biden's debating performance against Trump helped raise at least $ 25 million for Democrats.
Trump continued to face criticism for dealing with the coronavirus pandemic. After recovering from Covid-19, he returned to the campaign.
U.S. President Donald Trump holds a rally at the John Murtha Johnstown-Cambria County Airport in Johnstown, Pennsylvania on October 13, 2020.
Jonathan Ernst | Reuters
The enthusiasm for Democratic Senate candidates led to a good part of the fundraiser. Republicans have a 53-47 lead in the Chamber, but they are holding several more seats than Democratic candidates this year.
In South Carolina, Arizona, Iowa, North Carolina, Colorado, and Montana, the Democrats have raised over $ 200 million over the past three months. All six of these states were classified as either "lean Democrats" or "flaws" by the Cook Political Report.
In South Carolina, Democrat Jaime Harrison raised $ 57 million in the third quarter, while his opponent, GOP Senator Lindsey Graham, raised $ 28 million. For Graham, it is the most he has ever had to raise if he tried to defend his Senate seat. A Democrat has not held the seat since the 1960s.
In Arizona, astronaut Mark Kelly said he raised more than $ 38 million. The campaign said Thursday it will go into the final month of the election with nearly $ 19 million. It remains unclear how much his opponent, GOP Senator Martha McSally, raised.