Campaigns supporting and opposing statewide ballot measures in 2026 reported $1.27 billion in contributions as of Nov. 10. Among the 97 measures with reported contributions, the side that raised more money won or is leading in 62 (64%). The side that raised less won or is leading in 35 (36%).
That’s below the overall rate from 2016 to 2025. Among 525 decided measures with campaign contributions, the side with more funding won 385, or 73%. In the even-numbered years from 2016 to 2024, that rate ranged from 67% (2024) to 82% (2022).
The analysis covers 164 statewide measures with results, including five that remained uncalled as of Nov. 10. Uncalled measures are counted according to their current leads. Of the 164 measures, 97 had reported contributions on at least one side, and 67 did not.
Of the 62 measures where the side that raised more won or is leading, 43 (69%) were supporters and 19 (31%) were opponents. Of the 35 where the side that raised less won or is leading, 25 (71%) were opponents and 10 (29%) were supporters.
Among the 43 measures for which only one side reported contributions, the funded side won or is leading in 30 (70%). Among the 54 measures with contributions on both sides, the better-funded side won or is leading in 32 (59%) and lost in 22 (41%).
Of the 10 measures with the most contributions, the side that raised more money won or is leading in seven and lost in three.
The side that raised more won:
- California Proposition 40: Opponents raised $140.5 million to supporters' $33.2 million. Defeated with 46.8% voting "Yes."
- Virginia Redistricting Amendment (April): Supporters raised $67.6 million to opponents' $35.4 million. Approved with 51.7% voting "Yes," then overturned.
- California Proposition 3: Supporters raised $74.9 million to opponents' $5,500. Approved with 60.4% voting "Yes."
- California Proposition 37: Supporters raised $73.8 million, while opponents reported no contributions. Approved with 62.2% voting "Yes."
- California Proposition 38: Supporters raised $71.2 million to opponents' approximately $10,000. Approved with 54.2% voting "Yes."
- California Proposition 44: Opponents raised $38.6 million to supporters' $16.9 million. Defeated with 19.1% voting "Yes."
The side that raised more is leading, but the race has not been called:
- California Proposition 42: Supporters raised $138.5 million to opponents' $34.2 million. Uncalled, with 51.6% voting "Yes."
The side that raised more lost:
- California Proposition 41: Supporters raised $68.8 million to opponents' $34.2 million. Defeated with 45.4% voting "Yes."
- California Proposition 45: Supporters raised $44.1 million to opponents' $30.4 million. Defeated with 44.1% voting "Yes."
- California Proposition 39: Supporters raised $39.5 million to opponents' $33.6 million. Defeated with 39.6% voting "Yes."