Georgia Sen. Jon Ossoff has raised $131 million for his 2026 re-election. His Republican challenger, Mike Collins, has raised $10.2 million. That's 13 times as much in a race the handicappers rate Likely Democratic.
The gap is even wider on cash. As of Sept. 30, Ossoff had $26.3 million on hand with zero debt. Collins had $1.16 million on hand and no debt. Collins beat Derek Dooley in the Republican runoff by 11 percentage points on June 16. Ossoff ran unopposed in the Democratic primary.
Who's writing the checks? The donor bases look very different:
- Ossoff: Lawyers top his list at $1.37 million, followed by physicians ($631,000), professors ($460,000) and business owners ($255,000). It's a professional-class donor base, spanning medicine, academia and law. Lawyers alone gave him more than five times what Collins's top four occupations gave combined.
- Collins: His list is led by business owners ($96,000), CEOs ($72,000), company presidents ($57,000) and lawyers ($33,000), which makes it a small-business and executive coalition.
- Retirees matter on both sides. Donors listed as not employed or retired account for 67% of Ossoff's itemized individual dollars ($22.1 million) and 42% of Collins's ($877,000).
- Collins relies more on committees. Twenty-nine percent of his receipts came through other committees, compared with 7% of Ossoff's.
What to watch: Money doesn't decide races by itself, and outside groups have already spent $6.6 million in Georgia, most of it supporting the Republican. Still, Collins starts the general election with less than 5% of Ossoff's cash, and a candidate with far less cash depends more on super PACs and party committees to compete on the airwaves.
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