Trump has raised $550 million for his campaign, setting a record in midterm election history

According to Jin10 Data, Trump has already raised $550 million for his campaign before the midterm elections, marking the highest record in the history of presidential midterm election cycles.

His super political action committee, MAGA Inc., raised a total of $35.6 million in March, bringing the total funds to this record-breaking level of $550 million.

Despite the strong midterm campaign funds, polls show that Trump’s voter coalition for 2024 is disintegrating, and historically, the party in the White House usually loses House seats in midterm elections.

Currently, Trump’s team is trying to reverse this historical trend in hopes of maintaining the Republican majority in Congress amid increasingly tough candidate battles.

Democrats also see an opportunity to retake the Senate. According to the Political Market Forecast Report, the predictions for four Senate seats this month lean toward the Democrats, with candidates in three of those races raising significantly more funds than their Republican opponents.

In terms of fundraising, Republicans hold a clear advantage in external groups, with their House and Senate super PACs, Trump-affiliated groups, and MAGA Inc. accumulating a total of $853 million, far surpassing their Democratic counterparts.

At the candidate direct fundraising level, Democrats maintain a lead, with their collective fundraising exceeding that of Republican candidates. ActBlue raised $568 million in the first quarter, setting a record for small-dollar Democratic donations.

Trump’s $550 million in midterm campaign funds rely heavily on large donors, with just eight donors contributing all of his super PAC’s funds in March.

However, Trump’s team has not ignored small donors; entities focused on small donations raised $11.7 million in the first quarter of 2026.

In summary, Trump has raised more than any other president in a midterm cycle with $550 million. But under the iron law that the ruling party usually loses seats in Congress, he still tries to reverse this trend and hopes that money can break the pattern.

But his voter base is disintegrating, while Democratic fundraising has hit record highs. This also indicates that money is an advantage but not a guarantee. If public support continues to decline, even more “ammunition” won’t save the Republicans’ seats.