A little more than four months before Election Day, the Trump and Biden campaigns each announced massive fundraising totals as the former vice president’s effort to unseat President Trump gains momentum.
Despite a pandemic and the subsequent economic free fall, President Trump’s reelection campaign and the Republican National Committee announced Wednesday evening they had raised $266 million for the three months ending June 30, including $131 million in June alone.
A few hours later, Biden’s campaign and the Democratic National Committee announced that they had eclipsed Trump’s totals, bringing in $282 million during the last quarter and $141 million in June. It’s the second month in a row that Biden has outraised Trump’s campaign.
It’s highly unusual for a challenger’s campaign to raise more money than an incumbent president’s campaign.
“It’s clear that voters are looking for steady leadership, experience, empathy, compassion, and character — and they’ll find all of these qualities in Vice President Joe Biden,” wrote Biden campaign manager Jen O’Malley Dillon in an email to supporters.
While Biden has conducted frequent fundraisers with high-dollar donors, Biden’s campaign touted its success growing its list of small donors and said the average online donation last month was just $34.
The Biden campaign did not announce how much cash it holds as it enters the summer and fall campaign season. Full numbers will be available no later than July 20.
Trump’s campaign was quick to tout its $295 million bank account.
“The Trump campaign’s monumental June fundraising haul proves that people are voting with their wallets and that enthusiasm behind President Trump’s re-election is only growing,” said Trump campaign manager Brad Parscale in a statement.
Biden’s fundraising surge comes as national and state polls show the president increasingly lagging behind the former vice president due to the Trump administration’s response to the pandemic and protests against racial injustice.
While Trump’s campaign claimed earlier this year it would try to flip several states won by Democrats in the past, its spending shows that it is focused entirely on holding onto states that Trump won in 2016, including some that appeared safe for the president until recently.
The ad buying firm Medium Buying said on Tuesday that the Trump campaign had reserved nearly $100 million worth of ad time this fall in Arizona, Florida, North Carolina, Ohio, Pennsylvania and Wisconsin. The campaign is also buying ads in Georgia, Michigan and Iowa. Trump won all of those states in 2016, some by comfortable margins.
UPDATE: We have tracked more than $94M in future TV ad bookings from the Trump campaign in AZ, FL, NC, OH, PA and WI. For 9/8-11/3
— Medium Buying (@MediumBuying) June 30, 2020
The most recent analysis of the Electoral College battleground from NPR showed that neither candidate appears to have the 270 electoral votes needed to win the presidency in hand, but Biden was closer with at least one state Trump previously won — Michigan — leaning his way, while the president has failed to make progress in states that Democrat Hillary Clinton won in 2016.