Vice President Kamala Harris’s presidential campaign has surpassed $1 billion in fundraising since its inception despite seemingly losing ground to President Donald J. Trump in several key swing states.
Fundraising began with a surge of donations following President Joe Biden’s announcement on July 21 that he was exiting the race. Harris’s campaign collected $81 million within a day, climbing to over $100 million by July 22.
In August, the campaign reported raising $361 million, escalating its fundraising total to over $615 million. September’s figures are yet to be disclosed. Official records of recent fundraising efforts are expected in mid-October.
In Pennsylvania, a pivotal state for both parties, Republican factions have invested approximately $222.5 million in presidential race advertisements.
Meanwhile, Democratic factions have spent slightly more, at $275.1 million. The Harris campaign intends to allocate further resources toward advertising and operational efforts, particularly in battleground states, over the approaching weeks.
The rapid pace of fundraising has given Harris’s campaign a financial edge over the Trump campaign, particularly evident in August, when Harris’s campaign raised $230 million more. As of now, the campaign holds over a $100 million advantage. The Trump campaign reported a September fundraising total of $160 million.
Despite the large amount of cash, the Harris campaign has been unable to move poll numbers substantially and meaningfully, and in recent days, Trump has been improving in many polls.
Betting markets, such as Betfair, Polymarket, and Bwin, now all put Trump ahead of Harris, with the betting average giving Trump a 52 percent chance of winning next month to 46.4 percent for Harris.
Swing state polling suggests that Trump could win at least 280 electoral college votes, more than enough to meet the 270 required to win the presidency.