The 2020 election cycle is projected to cost $10.8 billion, 50% more than the 2016 cycle when adjusted for inflation, according to an early estimate from the Center for Responsive Politics.
Spending in the presidential race is projected to hit $5.2 billion, according to CRP's analysis. Previously, the 2008 election was the most expensive presidential election when accounting for inflation, with $2.8 million spent, CRP said.Democratic presidential nominee Joe Biden speaks during a campaign stop outside Johnstown Train Station Sept. 30, 2020, in Johnstown, Penn.
More than $1.3 billion has been spent on television and digital advertising on the presidential election from campaigns and outside groups alone, with $709 million spent by Democrats and $627 million from Republicans, according to an analysis from media research firm CMAG.Mandel Ngan/AFP via Getty Images
Small donors who gave $200 or less account for 22% of all federal committees' fundraising this election cycle, 14% more than in 2016, while the top 100 donors have funneled $756 million, or 8% of the total amount raised by federal committees this year, CRP's analysis shows.
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