Trump Election Odds Continue Slide Amid $75 Million DonationPublished October 20, 2020 by Sol FH
Casino mogul Sheldon Adelson has donated $75 million to help boost the Trump reelection campaign, but it could be too late.
President Donald Trump has an obvious strategy when it comes to everything he does in life. Make it big, and if it isn't big, talk about it being the biggest so it seems that way. The thing is, it may have worked miraculously in the previous election, but, with more and more of his voter-base abandoning ship, and swing states now in favor of former Vice President Joe Biden, Trump's approval rating has dipped to all-time lows.
Trump has much more of an uphill battle against Biden, a two-term VP with President Barack Obama, and a 36-year senator, than he did in 2016 facing former secretary of state, first lady, and New York Senator, Hillary Clinton. Clinton's disapproval ratings were among the highest of any presidential nominee.
Now, casino magnate Sheldon Adelson and his wife Miriam have donated $75 million to the pro-Trump super PAC, received by Preserve America PAC. Even though the $75 million is more than virtually anyone will see in a lifetime, it is relatively modest when comparing to the record-breaking donations being received by Biden's super PAC, Priorities USA Action.
Adelson, the well-known CEO of the Las Vegas Sands, had a falling out with Trump in August for not giving enough money to assist with his reelection hopes. Trump has taken strategic measures to ensure donors like Adelson continue to give, even giving Miriam Adelson the Presidential Medal of Honor in 2018. This is just an example of the sometimes crooked ways that global politics operate.
The reality is, the Trump campaign is short on cash and has even stopped advertising in the state of Ohio, which is one of the swing states he needs to be focused on. His camp stated that he won it easily in 2016, albeit the current polls show that it will be a tight race, but if he wants to keep his job, an important one.
Biden is enjoying a base that is willing to support his election effort and gave a whopping $383 million in September. That makes a total of $432 million to spend in the final two and a half weeks before the election. That money has let Biden outspend Trump in six different US states, actually spending $240 million more than the President.
US Presidential Election Odds
The President is the underdog going into the final push before the ballots are counted, trailing Biden 2.45 to Biden's 1.57, according to leading online bookmaker, 888Sport.
The odds mentioned in this article at the bookmaker mentioned above were accurate at the time of its writing, Oct. 20, 7:15 GMT.