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New Mexico · U.S. Senate · 2026

New Mexico Senate race

General election in 96 days · Nov 3, 2026
The read · New Mexico Senate race

Ben Ray Luján has raised more than 139 times the next candidate.

Democrat Ben Ray Luján has raised about $4.7M, more than 139 times any rival.

Larry Marker reports 85% of campaign money from individuals.

FEC filings, 2026 cycle. Money raised is net of transfers between a candidate's own committees.

Every candidate on file

Ranked by money raised. Each row shows the campaign money mix and a plain-English read.

Ben Ray Luján

Ben Ray Luján

DIncumbent
D · incumbent

Incumbent leans on PAC money. 37% from PACs and 62% from individuals.

62% individuals37% PACs1% other
$4.7M
raised
LM

Larry Marker

R
R · challenger

Small-donor heavy. 85% from individuals and 0% from PACs.

85% individuals0% PACs15% other
$34K
raised
MD

Matt Dodson

D
D · challenger

66% from individuals, 0% from PACs, and 34% from other sources.

66% individuals0% PACs34% other
$33K
raised
BL

Ben L

R
R · challenger

No receipts on file yet.

0% individuals0% PACs100% other
$0
raised

Where the money came from

$0 in itemized outside money is on file for this cycle. Candidate fundraising is shown separately below.

Small donors & unclassified$171K
Banking & Financial$52K
Tech & Telecom$47K
Law & Lobbying$22K
Health & Pharma$20K
Ideological / Leadership$20K
Energy & Utilities$14K

Biggest itemized outside spenders

  • CAPITAL GROUP · company$33K
  • OPENAI · company$19K
  • Microsoft Corporation · company$18K
  • THE DASCHLE GROUP · company$16K
  • CORNERSTONE GOVERNMENT AFFAIRS · company$15K
  • PATTERN ENERGY · company$14K
  • THEGROUP DC · company$13K
  • OGILVY GOVERNMENT RELATIONS · company$11K

PACs vs the people

This split is from the candidates' own reported fundraising.

37%62%
37% PACs62% individuals1% other

The incumbent's record

Ben Ray Luján is the linked incumbent for this race.

Net worth (2025)
$195K
$89K - $300K.
Stock trades
None on file
No disclosed individual stock transactions.
Committees
6
Current full committee seats on file.

Where they sit

  • United States Senate Caucus on International Narcotics Control
  • Senate Committee on Indian Affairs
  • Senate Committee on Agriculture, Nutrition, and Forestry
  • Senate Committee on Commerce, Science, and Transportation
  • Senate Committee on the Budget
  • Senate Committee on Finance

Who funds them

This is the incumbent's own funding by donor sector for the cycle.

Small donors & unclassified$171K
Banking & Financial$52K
Tech & Telecom$47K
Law & Lobbying$22K
Health & Pharma$20K
Ideological / Leadership$20K
Full profile: net worth, donors, trades, and votes ->

The tale of the tape

Money, side by side. Green marks the leader on each line.

Ben Ray Luján
D · incumbent
Ben Ray Luján
vs
LM
Larry Marker
R · challenger
$4.7M
Raised
$34K
$4.4M
Cash on hand
$12K
37%
From PACs
0%
62%
From individuals
85%
Banking & Financial
Top donor sector
Too few to rank
Yes
Incumbent
No