North Carolina Democrats entered the 2026 midterms with a fundraising edge in several major races, though analysts said those totals alone will not determine the outcome.
Former Gov. Roy Cooper, now running for U.S. Senate, had raised more than $26 million by March 31, compared with just over $8 million for Republican Michael Whatley, a former Republican National Committee and North Carolina GOP chair. Cooper ranked fifth among Senate candidates nationally this cycle in total fundraising.
In individual donations, Cooper reported $10.68 million, compared with $3.75 million for Whatley and $4.59 million for Sen. Thom Tillis by the end of March. Whatley still outpaced past North Carolina Republicans at this stage, raising about twice what Sen. Ted Budd had raised by this point in 2022. Cooper, however, had raised more than three times what Democrat Cheri Beasley had raised by the end of March 2022.
Charles Hellwig, a Republican consultant, credited Cooper’s political network and national support. “Cooper has all the national push, just on a bigger scale, and he’s got decades of his own network and decades of longtime Democratic donors,” he said.
Election forecasters Sabato’s Crystal Ball and Cook Political Report no longer rated the Senate race a toss-up and instead listed Cooper as the favorite, though both still viewed it as close. Western Carolina University political scientist Chris Cooper said that shift could reduce outside spending in North Carolina if national groups focus on tighter contests elsewhere.
A similar gap appeared in the state Supreme Court race. Justice Anita Earls had raised more than $2.4 million as of Feb. 14, according to a March report to the State Board of Elections, while Republican Rep. Sarah Stevens had raised about $240,000. Stevens also returned $8,300 in donations ruled illegal by the board while she was serving in the Legislature.
Republicans, however, could remain competitive through outside spending. Democratic consultant Morgan Jackson said that, as of mid-June, Republicans had reserved $88 million in airtime, compared with $31 million for Democrats.