President Obama's and Mitt Romney's campaigns have placed $40 million in ad time in the final eight days of the election, CNN reports. "For ad time running from Monday through Election Day, the Obama campaign bought $22.6 million compared to $17.4 million for Romney -- as of late Tuesday," according to CNN.
The three states in which the most ad dollars have been spent are Florida, Ohio, and Virginia because they are considered the most competitive battlegrounds. From Monday through Election Day in Ohio, Obama has so far bought $5.1 million in ads compared to $3.9 million for Romney. In Florida, Obama purchased $5 million vs. Romney's $3.7 million, and in Virginia it is $2.3 million for Obama while Romney's tally is $1.8 million.