Democrats are significantly outspending Republicans on advertising for high-profile elections Tuesday in Virginia, New Jersey and Pennsylvania, which are being watched as a preview of the 2026 midterms.

Why it matters: The party's spending — along with the states' political makeup, persistent economic concerns and historical trends benefiting the party out of power nationally — is among the reasons Democrats are favored to win most of the key races.

By the numbers: In the Virginia governor's race, Democrat Abigail Spanberger has been heavily favored, and her donations reflect it. • Spanberger and her allies have spent $50 million on ads for Tuesday's election, compared with $25 million by Republican nominee Winsome Earle-Sears and GOP groups, according to the ad-tracking firm AdImpact.

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