The total cost of the 2020 election will approach $11 billion, obliterating previous spending records, according to an early estimate from the Center for Responsive Politics. That’s more than 50 percent pricier than the 2016 contest when adjusting for inflation.
Even if federal committees didn’t spend another dollar from this point on, the 2020 election would still be the most expensive ever. Federal committees have already spent $7.2 billion so far. That figure will increase dramatically in mid-October when congressional candidates report their third-quarter spending figures covering July 1 through Sept. 30.
“The 2018 election smashed fundraising records for midterms, and 2020 is going to absolutely crush anything we’ve ever seen — or imagined — before” said Sheila Krumholz, executive director of the Center for Responsive Politics. “This is already the most expensive presidential election in history and there are still months of election spending to account for. The unanswered question is whether this will be the new normal for future elections.”2020 election to near $11 billion in total spending, smashing records • OpenSecrets