Sheldon Adelson’s Lousy Election Bets

Aptyp_koK /ShutterstockAptyp_koK /ShutterstockCasino magnate Sheldon Adelson and his wife, Miriam, dropped more than $57 million on super-PACs in this election, becoming America’s most famous conservative megadonors (besides the Kochs). So what did they get in return for their investment? A look at the groups they funded and the races they tried to influence shows that overall, their return on investment was about 40 percent: Only two out of every five races these super-PACs spent on had the outcome the outside spending group desired. The two biggest Adelson-backed losers were Republican presidental hopefuls Newt Gingrich and Mitt Romney, to whose super-PACs the couple gave a total of $40 million. In the congressional races that Adelon-backed super-PACs spent on, the results were decidedly mixed. (A few of those races remain undecided.)

Here’s the full tally of those races so far:

Adelson donation Super-PAC Candidate supported/opposed by super-PAC Outcome ROI
$20 million Winning Our Future Pro-Newt Gingrich (R, president) He lost Bad bet
$20 million  Restore Our Future Pro-Mitt Romney (R, president) He lost Bad bet
$5 million  Congressional Leadership Fund Anti-Betty Sue Sutton (D, House, Ohio) She lost Good bet
    Anti-Pete Gallego (D, House, Tx) He won Bad bet
    Anti-Kathleen Hochul (D, House, New York) She lost Good bet
    Anti-Brad Schneider (D, House, Illinois) He won Bad bet
    Anti-Patrick Kreitlow (D, House, Wisconsin) He lost Good bet
    Anti-Shelley Adler (D, House, New Jersey) She lost Good bet
    Anti-Lois Capps (D, House, California) She won Bad bet
    Anti-Leonard Boswell (D, House, Iowa) He lost Good bet
    Anti-John Barrow (D, House, Georgia) He won Bad bet
    Anti-Val Demings (D, House, Florida) He lost Good bet
    Anti-Krysten Sinema (D, House, Arizona) Undecided  
    Anti-Mike McIntyre (D, House, North Carolina) Undecided  
    Anti-Gary McDowell (D, House, Michigan) Undecided  
$5 million YG Action Fund Anti-Larry Kissell (D, House, North Carolina) He lost Good bet
    Anti-John Tierney (D, House, Massachusetts) He won Bad bet
    Anti-William Enyart (D, House, Illinois) He won Bad bet
    Anti-Mark Critz (D, House, Pennsylvania) He lost Good bet
    Anti-Scott Kreadle (R, House, North Carolina) He lost Good bet
    Anti-Lois Frankel (D, House, Florida) She won Bad bet
    Anti-John Barrow (D, House, Georgia) He won Bad bet
    Pro-Richard Hudson (R, House, North Carolina) He won Good bet
    Pro-Adam Kinzinger (R, House, Illinois) He won Good bet
    Anti-Mike McIntyre (D, House, North Carolina) Undecided  
    Pro-Allen West (R, House, Florida) Undecided  
$2 million Freedom PAC Pro-Connie Mack (R, Senate, Florida) He lost Bad bet
    Anti-Patrick Murphy (D, House, Florida) Undecided  
$1.5 million Independence Virginia PAC Pro-George Allen (R, Senate, Virginia) He lost Bad bet
$1 million Ending Spending Action Fund Anti-Barack Obama (D, president) He won Bad bet
    Pro-Mitt Romney (R, president) He lost Bad bet
    Pro-Deb Fischer (R, Senate, Nebraska) She won Good bet
    Anti-Bob Kerrey (D, Senate, Nebraska) He lost Good bet
    Pro-Josh Mandel (R, Senate, Ohio) He lost Bad bet
    Anti-Sherrod Brown (D, Senate, Ohio) He won Bad bet
    Anti-Richard Carmona (D, Senate, Arizona) He lost Good bet
    Pro-Jeff Flake (R, Senate, Arizona) He won Good bet
    Pro-Ted Cruz (R, Senate, Texas) He won Good bet
    Anti-Tim Kaine (D, Senate, Virginia) He won Bad bet
    Anti-Jon Burning (R, Senate, Nebraska) He lost Good bet
    Pro-Connie Mack (R, Senate, Florida) He lost Bad bet
    Pro-George Allen (R, Senate, Virginia) He lost Bad bet
    Pro-Richard Mourdock (R, Senate, Indiana) He lost Bad bet
    Pro-Tommy Thompson (R, Senate, Wisconsin) He lost Bad bet
    Pro-Dean Heller (R, Senate, Nevada) He won Good bet
$1 million Patriot Prosperity PAC Pro-Shmuley Boteach (R, House, New Jersey) He lost Bad bet
    Pro-Joe Kyrillos (R, Senate, New Jersey) He lost Bad bet
$1 million Treasure Coast Jobs Coalition Pro-Allen West (R, House, Florida) Undecided  
$250,000 Conservative Renewal Pro-David Dewhurst (R, Senate, Texas) He lost Bad bet
$250,000 Texas Conservatives Fund Pro-David Dewhurst (R, Senate, Texas) He lost Bad bet
$190,000 Hispanic Leadership Fund Pro-Mitt Romney (R, president) He lost Bad bet
$57.7 million spent total       42% good bets, 58% bad bets

 Sources: Center for Public Integrity, Center for Responsive Politics, Sunlight Foundation

This article has been updated.

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