While campaign finance is not the only factor in electoral outcomes, successful fundraising can provide a candidate with advantages during a campaign. Fundraising can also indicate party momentum.

In state-level elections, the race for governor is the marquee contest on the ballot, setting the tone for the next two to four years in state government. And several upcoming governor’s races are expected to garner more attention — and be more contentious — than usual due to governors’ COVID-related decisions and rumored 2024 presidential aspirations. We’ve looked at the initial fundraising numbers in the 2022 gubernatorial races in the swing states. Even before the deadline for challengers to jump in, the incumbents are actively fundraising, with Abbott and DeSantis leading the pack.  

The stakes were particularly high for the 2020 elections, and not just for the presidency. At the state-level, some of the most closely watched races were Democratic efforts to flip swing state legislatures blue and take control of the upcoming redistricting process.