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Adelson to Spend $45M to Help Trump, Down-Ballot Republicans: Report

According to the latest reports, billionaire and Republican megadonor Sheldon Adelson is set to donate upwards of $45 million to help Donald Trump win the election.

The Hill reports:

Adelson contributed $20 million to the Senate Leadership Fund, a GOP super PAC that has ties to Senate Majority Leader Mitch McConnell (R-Ky.), and will disclose the donation Tuesday. He’s planning to give a similar amount to Congressional Leadership Fund, a super PAC focused on the lower chamber.

The Las Vegas casino magnate is also planning to donate at least $5 million to the Ricketts family’s political operation in an effort to help Trump. The owners of the Chicago Cubs are supposed to also donate to support the GOP nominee.

This is the first time this cycle that Adelson will contribute to help Trump, though he has endorsed the real estate mogul and has previously signaled that he’d give him a financial boost.

Adelson said back in May that he was willing to donate more than $100 million to Trump’s campaign. He spent at least $98 million on the 2012 elections, according to ProPublica.

The financial help comes as Trump starts to catch up to Democratic nominee Hillary Clinton’s significant fundraising operation and as he closes the gap with Clinton in polls nationally and a handful of battleground states.

It also gives a jolt of momentum to Republicans as they seek to defend their slim Senate majority and protect their 30-seat advantage in the House.

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