Ossoff spent $ 93.5 million from October 15 to December 16 and ended that period with $ 17.5 million in the bank in the final weeks of the second round.
Warnock overcame Loeffler by a significant margin as well. The Democrats’ campaign raised $ 103.4 million and spent $ 86.1 million. He had $ 22.8 million in cash in the bank in the final weeks of the campaign before the January 5 twin elections.
Loeffler raised $ 64 million and her fundraiser skyrocketed, although she hardly contributed any of her own funds during that period. Loeffler lent his campaign $ 23 million for the general election, but donated only $ 333,200 in the past two months. She spent $ 48.6 million and ended the period with $ 21.3 million in cash at the bank.
All three candidates who have run so far have broken the $ 57.9 million that South Carolina Democrat Jamie Harrison raised in the third quarter of the year in his frustrated campaign against Republican Senator Lindsey Graham, who was then the best quarterly fundraising for any Senate candidate.
The fundraising advantage for Democrats gave their candidates a huge advantage in TV advertising. Ossoff has spent $ 67 million on TV since the November election, compared with $ 34 million for Perdue, according to data from AdImpact. Warnock has spent $ 53 million so far, compared to $ 36 million for Loeffler. The two Democrats also have more places reserved for the final two weeks of the race.
But outside GOP groups have a main advantage in spending that dulled the advantages of Democratic campaigns.
The two Senate qualifiers are set to be among the most expensive Senate contests in the country’s history, even considering they last for about two months. But due to a peculiarity in the campaign’s financial reporting schedule, the source of the vast majority of foreign spending will remain secret until well after the election.
Many outside groups, along with the senatorial committees of both parties, will not have to report their fundraising until the end of January – meaning that the source of money they have raised from the end of November until the second round will not be publicized long after voters have already done so. voted. (However, they must report their spending on independent expenses, such as advertising or fieldwork, right after spending.)
However, some groups were asked to report a more complete picture of their funding. Fair Fight, a group founded by former Democratic presidential candidate Stacey Abrams, raised $ 22.3 million from November 24 to December 24. 16, including several seven-digit donations from labor groups. Fair Fight redistributed about half that amount to other liberal groups working in the election.
Georgia United Victory – a Republican group to which Loeffler’s husband Jeffrey Sprecher had previously given more than $ 10 million – raised $ 2.8 million in the same period. Sprecher didn’t donate this time.