US Political Ad Spending Forecast 2024

Presented by  LG Ad Solutions

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CTV Share Grows as Campaigns Rethink Social Media Strategies

The 2024 election cycle is set to redefine political advertising. We forecast that US political ad spending will surpass $12 billion this year, up 28.7% from the 2020 presidential election, which saw $9.57 billion spent on ads. In 2024, digital platforms will lead the charge in a landscape that’s traditionally been dominated by TV. 

This shift toward digital, spearheaded by the growth of connected TV (CTV), represents a broader trend of adaptation and innovation in political campaigning. But despite digital’s growth, traditional media still commands the bulk of political ad dollars. 

Download a complimentary copy of our analyst report, “US Political Ad Spending Forecast 2024: CTV Share Grows as Campaigns Rethink Social Media Strategies,” for an in-depth look at how political campaigns and the ad agencies that support them are reaching potential voters.

In this report, you’ll learn about:

  • What’s driving the record-setting growth trajectory of political ad spending
  • Why CTV is becoming the leading channel for political ads
  • The continued significance of traditional media channels like TV
  • Concerns about AI, misinformation, and social networks’ limits and outright bans on political ads

11 pages

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