How a record $8.2 billion was spent in the 2022 midterm elections

In the context of midterm elections, 2022 turned out to be a record spending year. Though despite the hopes of ad sellers, it was not larger than the 2020 presidential year according to CMAG-monitored media. Knowing it would be difficult to recreate the conditions that swept 2020 into the record books, Kantar/CMAG initially forecast a 2022 figure near $8 billion. Anyone that bought or sold political ads cannot be disappointed by what transpired this year: $8.2 billion in total ad spend in our tracked media. There was nearly $16 billion raised in contributions this year. Usually, around 60% of that figure is dedicated to advertising, meaning there was around $9.5 billion in total advertising for this cycle. Breakdown by media Broadcast TV led the pack in tracked media with a total of $4.3 billion vs. $3 billion in the previous midterm cycle four years ago; cable/satellite weighed in at $1.4 billion vs. $1.2 billion in 2018; streaming hit the $1 billion mark for the first time and is well positioned to keep growing rapidly; Google and Facebook brought in $1.2 billion; and radio received $300 million. Top marketers, brands and agency ventures Ad Age Datacenter’s definitive rankings of the biggest U.S. and global advertisers and agency companies Click here Breakdown by party, props and races Throughout the primary and general election period, Democrats outspent Republicans. That difference was greater during the general election as Democrats spent nearly $300 million more than Republicans in races and media that CMAG tracks. Record ballot initiative spending made California the biggest recipient of political dollars in 2022. Online gambling-related Propositions 26 and 27 fueled California media outlets. CMAG tallied just over $380 million for all ballot initiatives across California in 2022, with Props 26 and 27 accounting for $305 million of that. In Senate races, five contests topped the $100 million mark in the general election: Georgia ($200 million), Pennsylvania ($163 million), Nevada ($121 million), Arizona ($112 million) and Wisconsin ($107 million). Ohio and North Carolina fell just below $80 million each, and the Georgia runoff added more than $70 million in new spending to that race. Among Senate candidates, Georgia Sen. Raphael Warnock was a fundraising juggernaut, and his $71 million (between the general and runoff) was the most money spent by any candidate in 2022. (Warnock, a Democrat, won the runoff on Dec. 6, 2022.) The top advertisers in the Senate were the Super PACs Senate Leadership Fund (SLF) (R) and Senate Majority PAC (D). SLF was active in eight states led by Georgia and Pennsylvania. Some controversy accompanied the Republican fund’s support of Alaska Sen. Lisa Murkowski, whose top competitor was a fellow Republican supported by former President Donald Trump. Equally controversial was SLF’s decision to not advertise in support of Blake Masters in Arizona. In all, SLF spent just short of $200 million. SLF did support a Trump-backed candidate, spending nearly $28 million in Ohio in support of Senator-elect J.D. Vance. Sen. Charles Schumer’s Senate Majority PAC was active in just six states, spending $128 million in the general election. Pennsylvania saw the most ($37 million), followed by Arizona ($28.5 million). In a move that divided Democrats a bit, Democratic PACs ran ads to support far-right Senate candidates in both New Hampshire and Colorado. The strategy worked in New Hampshire but not in Colorado, although the more moderate Republican ended up not posing a real threat to the reelection of Democratic Sen. Michael Bennet. In the House, Democrats outspent Republicans by about $80 million during the general election. House leadership PACs Congressional Leadership Fund (R) and House Majority PAC (D) led the spending. Congressional Leadership Fund spent about $184 million while House Majority PAC spent about $134 million. The market that took most of Congressional Leadership Fund’s money was Las Vegas, with just over $18 million dedicated to losing efforts in NV-3 and NV-1. New York City saw a lot of Congressional Leadership Fund ads totaling nearly $16 million. The GOP did better than expected in New York, and that helped the party gain a narrow majority that will allow it to control the House next year. The loss Democrats suffered in the New York Supreme Court when their redistricting map was overruled by the court also played a role. The biggest amount of Congressional Leadership Fund money in New York went toward unseating Democratic Congressional Campaign Committee (DCCC) Chair Sean Patrick Maloney, who ran in the new 17th District. Congressional Leadership Fund spent nearly $7 million to help assist Michael Lawler flip that seat to Republicans. It was the first time a DCCC chair has lost in more than 40 years. Speaker Nancy Pelosi’s House Majority PAC’s top markets were New York and Las Vegas. The races getting most of House Majority PAC’s attention were NV-1 ($5.3 million) followed by $5 million spent defending Representative Elissa Slotkin in MI-7. In gubernatorial races, contests in Georgia ($66 million), Nevada ($64 million), Texas ($64 million) and Florida ($62 million) led. In Nevada, Republican Joe Lombardo won a narrow victory over incumbent Gov. Steve Sisolak (D). In Illinois, Gov. J.B. Pritzker (D) won an easy victory over Republican State Senator Darren Bailey by nearly 14 points. Pritzker made a conscious effort to draw Bailey as an opponent by advertising (along with the Democratic Governors Association) in the Republican primary against Aurora Mayor Richard Irvin. Pritzker and the Democrats saw Irvin as a stronger threat and moved to portray him as not conservative enough to Republican primary voters. The strategy worked. With his views highlighted in opposition ads, Bailey struggled to raise cash during the campaign, and Pritzker overwhelmed him and a Republican PAC. Billionaire Pritzker spent more of his own campaign money than any other gubernatorial candidate at just under $50 million. We’re now onto the 2024 cycle, and who knows what surprises await? We expect a spirited and expensive battle is ahead of us. How expensive? We’ll let you know in six to eight months. 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How a record $8.2 billion was spent in the 2022 midterm elections

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