Politics Magazine

O'Rourke Sets Record For Fundraising In Last Quarter

Posted on the 13 October 2018 by Jobsanger
O'Rourke Sets Record For Fundraising In Last Quarter O'Rourke Sets Record For Fundraising In Last QuarterDemocratic candidate for Senate in Texas, Beto O'Rourke, has set a new record for fundraising in a single quarter (3 months). He raised $38.1 million in the most recently reported quarter. That money came from 802,836 individual donors. Not a single penny came from a PAC.
Ted Cruz, the Republican incumbent, raised less than one-third of O'Rourke's total in that same quarter. Cruz raised $12 million, and some of that money did come from PAC's.
That boosts O'Rourke's total fundraising to $61.7 million. Cruz's total funds raised is $29.5 million.
This does not guarantee O'Rourke will win the election. The incumbent always has an edge, especially in red-state Texas. But it does mean the Democrat had the funds to compete and had a lot of enthusiastic supporters. If he loses, he can't blame it on not having the money to compete (which is a nice change for statewide Democratic candidates in Texas).

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