Businessman and GOP megadonor Sheldon Adelson is coming to President Trump’s aid in a big way this fall.
The CEO of Las Vegas Sands, which owns 11 casino properties across the globe, is coordinating with GOP operatives on how to best help Trump get re-elected, according to CNBC.
Adelson will spend somewhere between $20 and $50 million to ensure President Trump defeats Joe Biden in November.
It’s expected that a large chunk of the money will go to Preserve America PAC which is run by longtime GOP Operative Chris LaCivita.
The group launched a $30 million dollar ad campaign in key battleground states earlier this month which targets Arizona, Florida, Georgia, Iowa, North Carolina, Pennsylvania, and Wisconsin.
The new spending by Adelson could lead to him outpacing his financial support for Trump in 2016 (CNBC):
Adelson’s potential spending spree could end up surpassing the amount he put up during the 2016 presidential election. Data from the nonpartisan Center for Responsive Politics shows that he and his wife combined to contribute over $82 million to mostly Republican causes that cycle. They were ranked second that cycle behind Democratic donor Tom Steyer and his wife, Kathryn, who gave $91 million to Democrats.
The Adelsons have given just over $27 million this cycle, CRP data shows.
Adelson’s involvement comes at a crucial time for President Trump’s reelection. In August, Biden’s campaign and the Democratic National Committee outraised Trump and the Republican National Committee by a whopping $154 million. Biden and the DNC combined for $365 million while Trump and the RNC combined for $210 million (Politico) which might wipe out Trump’s previous cash advantage (Politico):
Neither campaign has yet released their cash-on-hand totals, but last month’s fundraising disparity means Biden may have closed Trump’s once-formidable cash advantage.
That dwindling cash edge has alarmed Republicans, as the Trump campaign comes under new scrutiny for how it has spent the hundreds of millions of dollars it raised from 2017 until now.
Money isn’t the only factor that will influence the outcome in November, but it sure is helpful for campaigns and aligned PACs to fully fund ad production and placement, get out the vote efforts, and the people that make these crucial campaign activities possible.