Nevada’s congressional races are quickly becoming contests between incumbents and wealthy challengers bankrolling their own campaigns, with one exception, new campaign finance filings reveal. 

According to Federal Election Commission (FEC) reports covering the last three months of 2025, Nevada’s House incumbents, particularly the three Democrats in battleground races, have significant war chests. They’re funded by party bigwigs, some presidential hopefuls, mining and tech executives, and the American Israel Public Affairs Committee. 

“The incumbents are raising money in response to the quality of their likely challengers, district contours, and prior close calls,” UNLV political science professor David Damore said in an email to The Nevada Independent upon reviewing the data.

Here’s a deeper look at the financial state of play:

NV-01: Dina Titus

What jumped out to Damore the most was state Sen. Carrie Buck’s (R-Henderson) strong haul in the 1st District, where Republicans are bullish about ousting Rep. Dina Titus (D-NV). Even though it’s not the state’s most competitive seat on paper, it is the only one where a challenger outraised the incumbent without cutting their campaign a check for the bulk of their money. 

Buck outraised Titus last quarter by slightly more than $50,000. According to the National Republican Congressional Committee, Buck’s money comes from 7,852 donors giving an average of $59. She raised all of it over just five months.

Titus also boasts thousands of dollars in small dollar donations, as well as some notable names among her donors. Those who gave to her campaign last quarter include Democratic megadonors Fred Eychaner and Philip Munger, as well as potential presidential candidate and Illinois Gov. JB Pritzker (D).

But the reports also indicate the state senator faces an uphill battle. Though Buck boasts a huge sum in small-dollar donations, many of them come from out-of-state, her latest filing indicates. And Titus is sitting on a sizable war chest of $841,000. In fact, she began 2026 with more money than she’s ever had at this point in an election cycle. 

NV-02: Mark Amodei

Rep. Mark Amodei (R-NV) also boasts the heftiest war chest he’s ever had at $555,000. The congressman’s donors include Tim Crowley and Jonathan Evans, executives at Lithium Americas, which is developing a key mine in his district. Like Sen. Catherine Cortez Masto (D-NV), he opposed this fall’s government shutdown from the start and received money from the U.S. Travel Association. 

He’s unlikely to need it all; he’s in the state’s safest seat, and though he’s attracted many challengers, they’ve mostly raised small amounts. 

“Institutionally speaking, given his role on Appropriations and as a member of the majority party, he is best positioned to leverage his committee assignment to bolster his fundraising,” Damore wrote. “It will be interesting to watch if he steps it up if the GOP House leadership presses its senior members to transfer money to support more vulnerable incumbents.” 

Amodei’s biggest threat is likely to be venture capitalist Greg Kidd (D), who officially jumped back into the race during the last quarter of 2025. Kidd challenged Amodei as an independent last cycle, driving the congressman to spend money on ads for the first time in years. 

So far, Kidd’s 2026 campaign is almost entirely self-funded; he has loaned himself $375,000 ahead of the midterms. 

NV-03: Susie Lee

Rep. Susie Lee (D-NV) represents the most competitive district in Nevada, and she has the funds to defend it. The congresswoman began election year with the most money she’s ever had at this point in the cycle, a whopping $2.35 million after a strong fundraising quarter in which she brought in more than $800,000.

“Lee has always been an aggressive fundraiser, and not surprisingly, she is gearing up again given how close her race was in 2024 against a relatively weak candidate and the prospect of facing a potential self-funding candidate this cycle,” Damore said. 

Lee’s donors include real estate investor Douglas Durst, Las Vegas Mayor Shelley Berkley, former Assembly Speaker Richard Perkins (D-Henderson), filmmaker Tim Disney, Fox News executive Jason Klarman and OpenAI lobbyist Anna Makanju. Eychaner, Munger and Pritzker also gave to her.

Meanwhile, her field of challengers is fragmented, if well-funded. The Republicans in the race are largely bankrolling their own campaigns. That includes her newest opponent, former Republican Senate candidate Jeff Gunter, who loaned his campaign three quarters of a million dollars in the fourth quarter. 

Her best-funded challenger remains video game composer Marty O’Donnell (R), who got a $1,000 donation from Stronger Nevada PAC, a pro-Gov. Joe Lombardo (R) group run by former Lt. Gov. Mark Hutchison (R), at the end of the year. Though he did not loan more money to his campaign in the fourth quarter, the $3 million he previously loaned should tide him over for quite some time.

NV-04: Steven Horsford

Rep. Steven Horsford (D-NV), whose seat is also considered a battleground, has less cash on hand than his fellow Democratic incumbents, but still reported relatively strong fourth quarter fundraising. Damore said that Horsford’s past leadership of the Congressional Black Caucus “likely helped to open up additional donor networks.”

The congressman spent thousands last quarter on lodging and travel, including at a San Francisco hotel. Punchbowl News reported at the end of January that Horsford is among the Democrats fundraising in Silicon Valley. His latest filing shows a long list of California donors, including venture capitalist Ron Conway, Synopsys Inc. executive Aart J. de Geus, Meta’s Donald Fowler and philanthropist Kathy Kwan, the wife of a former top Google engineer.

The campaign committee for Sen. Mark Kelly (D-AZ), another possible presidential candidate, gave $2,000 to Horsford last quarter. Eychaner, Munger and Disney donated to him as well. 

The field of candidates challenging the congressman remains the smallest in the state, with just two Republicans vying to take him on. Though small-business owner David Flippo (R) outraised another small-business owner, Cody Whipple (R), last quarter, half of Flippo’s money came from the candidate himself. His donors include Vegas Stronger executive and Las Vegas City Council candidate David Marlon (R), while Whipple’s include Michael J. Gaughan III, the owner of South Point.