Nevada 2026 Governor’s Race

Nevada Gov. Joe Lombardo, the only candidate to flip a governor’s mansion from blue to red in 2022, reported more than $9 million in cash on hand at the end of 2025 and roughly $15 million total when including two affiliated PACs, which his campaign says is a record non‑election‑year war chest for a Nevada governor. Lombardo raised about $4.28 million for his campaign last year, while the PACs brought in over $4.7 million and now hold $5.9 million in reserve, putting him in what his team calls the “strongest financial position” of any Nevada governor at this point in a cycle. He argues the support reflects confidence in his agenda on housing, health care, public safety and education, and continues to cast himself as a backstop against what he labels a "woke, California agenda" from neighboring Gov. Gavin Newsom. Nevada Democrats, who now have Attorney General Aaron Ford and Washoe County Commissioner Alexis Hill running for their nomination, are tying Lombardo closely to President Donald Trump and blame his embrace of Trump’s policies for "worst-in-the-nation" unemployment, a deepening housing crisis and high costs. The cash gap signals that one of the nation’s most closely watched gubernatorial contests in a presidential battleground may begin with a sizable Republican financial advantage, with implications for turnout and organizing in 2026 and beyond.