It’s official: the 2018 election was the most expensive midterm ever by a large margin, with total spending surpassing $5.7 billion, according to data compiled by the Center for Responsive Politics.
The final tally surpasses the conservative $5.2 billion projection the Center released in October.
With more than $5.7 billion shelled out by candidates, parties, committees, PACs and outside groups, the 2018 midterm leapfrogs even the then-record breaking 2008 presidential election which saw nearly $5.3 billion in total spending. It also smashes the previous midterm spending record of $3.8 billion in 2014.
“Just as the 2018 elections brought historic wins for a more diverse group of candidates, they also saw greater spending than we’ve ever seen or anticipated for a midterm election, capitalizing on years of loosened campaign finance regulation and oversight,” said Sheila Krumholz, executive director of the Center for Responsive Politics.