The Democrats top the list of U.S. Senate candidates who have spent the most money per year from 2010 to the present, and many lost their respective elections, according to figures from the Federal Electoral Commission of the United States (FEC).
The Democratic U.S. Senate candidate Jaime Harrison from South Carolina spent the most money on his election campaign and reported a total payout of $105,502,730.37 for the period from 2019 to 2020.
Harrison was beaten in this year’s election by the incumbent Republican Senator of South Carolina, Lindsey Graham, who spent $59,742,955.21 on his campaign from 2019 to 2020.
Former US Senate candidate Beto O’Rourke from Texas was the second most expensive Democratic loser since 2010, spending $80,458,720.11 from 2017 to 2018.
O’Rourke spent almost twice as much as the incumbent Republican senator from Texas, Ted Cruz, who spent $45,582,260 in the same period.
O’Rourke was followed by the Democratic U.S. Senate candidate Mark Kelly in Arizona, whose total spending from 2019 to 2020 was $78,790,737.03.
Kelly, a former astronaut, defeated the incumbent Republican Senator Martha McSally in this year’s election in the decisive battlefield state. According to the FEC, McSally spent $48,672,919.90 on her election campaign from 2019 to 2020.
Amy McGrath from Kentucky was the third most expensive defeated Democratic U.S. Senate candidate and spent $75,280,930.25 from 2019 to 2020.
McGrath was defeated by the incumbent senator and majority leader in the Kentucky Senate, Mitch McConnell, who won his seventh term in this year’s election. McConnell spent $42,975,425.36 from 2019 to 2020 according to the FEC.
Linda McMahon, the former U.S. Republican Senate candidate for Connecticut, had the highest annual spending among Republicans, according to the FEC, with $50,735,195.00 spent from 2011 to 2012.
The chart below, prepared by Statista, illustrates total spending on U.S. elections from 2000 to 2020.
The total cost of this year’s election was estimated at $14 billion, making it the most expensive election in history and doubling the cost of the 2016 election, the Center for Responsive Politics reported last week.
Democratic presidential candidate Joe Biden’s campaign has so far cost $952,239,369.70 according to the FEC, and has cost $790,193,382.80 from 2017 to 2020 so far.
According to the Center for Responsive Politics, Biden was to become the first candidate in history to receive $1 billion from his supporters.
According to the FEC, President Donald Trump has received $601,392,178.39 from 2017 to 2020 and spent $565,389,516.57 on his campaign.
Top 7 US Senate candidates who spent the most in the history of the election
(from 2010 until today, according to the Federal Election Commission of the USA)
Jaime Harrison (Democrat; South Carolina): $105,502,730.37
Rick Scott (Republican; Florida): $83,771,112.48
Beto O’Rourke (Democrat; Texas): $80,458,720.11, issued from 2017 to 2018
Mark Kelly (Democrat; Arizona): $78,790,737.03 spent from 2019 to 2020
Amy McGrath (Democrat; Kentucky): $75,280,930.25 spent from 2019 to 2020
Lindsey Graham (Republican; South Carolina): $59,742,955.21 spent from 2019 to 2020
Linda McMahon (Republican; Connecticut): $50,735,195.00 issued from 2011 to 2012
The following graphic, created by Statista, illustrates how close the presidential races were historically.
The following chart, also created by Statista, illustrates the profit margins of the US presidential elections since 1980.