Total outside spending for the 2016 election has already reached a record $660 million, more than twice the $289 million spent by outside groups by this point in the 2012 election.
Super PACs have led the charge, breaking the half-a-billion dollar mark in spending and making up about 80 percent of total outside spending. The nearly $530 million is almost three times the amount spent by super PACs in the 2012 election by the end of August. And by the end of the 2012 contest, that $177 million had skyrocketed to $609 million, so expect the groups to burn through much more cash by the time voters cast their ballots this November.
On the receiving end, super PACs are breaking another record, raising just short of $1 billion. For context, these groups pulled in about $828 million in the entire 2012 election cycle.
Super PAC spending hits $500 million, while 501(c)s hit the brakes | OpenSecrets Blog