A long day of pushing his plan to become the next President of the United States has paid off for Sen. Ted Cruz (R-TX). NBC News reports that Cruz raised nearly half of a million dollars on his first day as an official candidate.
Cruz raised $500K in 1st day. Advantage of jumping in first is that his totals can't be compared to others' http://t.co/uoyld9TDNE
— Leigh Ann Caldwell (@LACaldwellDC) March 24, 2015
While Cruz remains fairly far behind in the polls, he managed to make $500,000 in donations on his first day of the 2016 race. Online donations made of 40 percent of the total and 60 percent came from large individual donors.
Cruz’s first day bank roll is not comparable to other candidates, but compared to previous election cycles, Cruz only had a moderate level of success. According to NBC News:
Cruz’ half-a-million dollars, however, is far cry from the top one-day fundraising feats that surpassed $6 million by 2008 presidential candidates Ron Paul, Hillary Clinton and Barack Obama. An important difference is that all three had been on the campaign trail for a significant amount of time building their brands, name recognition and following.
During his announcement speech at Liberty University in Lynchburg, Virginia, on Monday, Cruz asked audience members and viewers to text the word ‘constitution’ to donate to his campaign. Cruz also held a fundraiser in New York City later that evening.
While Cruz must now adhere to the $2,700 per person limit on individual campaign donations, he has previously come out in support of eliminating all campaign contribution limits.