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The (Really Bad) Gambler

You'd think being a billionaire casino magnate would make Sheldon Adelson a good gambler. You'd be wrong.


Photo by Nicholas KAMM/ Getty

It's not exactly breaking news that political mega-doners from both sides of the aisle poured billions into the 2012 election campaign through direct donations and Political Action Commitees, but few got less bang for their buck than billionaire casino magnate Sheldon Adelson, whose international gaming empire has netted the tangerine-haired geriatric a fortune topping $20 billion. So just how bad a night did Adelson have? Well, even before the race got this far, Adelson donated tens of millions to Newt Gingrich's ill-fated campaign for the Republican nomination. No problem – once Newt went down, Adelson turned his largesse to Mitt Romney, and to several other candidates. Here's how they faired:

Mitt Romney: Lost presidential election to Barack Obama despite $20 million of Adelson's cash. You might have heard about this one.
George Allen: Lost Virginia gubernatorial election to Tim Kaine, despite $1.5 million from Adelson.
Connie Mack: $1 million from Adelson couldn't help Mack beat Bill Nelson for Florida's Senate seat.
Schmuley Boteach: Adelson backed the Jewish Orthodox Boteach, but with a name like Schmuley is it any wonder he lost his New Jersey congressional race to Bill Pascrell?
Newt Gingrich: As mentioned above, Adelson almost single-handedly kept Gingrich in the primaries, to no avail.
David Dewhurst: The Adelson-backed candidate in Texas' republican Senate primary never even made it to the general election.

But there may still be hope for Adelson: in Florida's 18th congressional district his candidate, Allen West, was still trailing Democrat Patrick Murphy. Though he had not yet conceded the race.

Adelson wasn't the only big loser on Tuesday. Karl Rove's "Crossroads" PAC spent over $400 million in support of a range of GOP candidates, all of whom lost. You know it's bad when Donald Trump of all people is throwing shade your way:

Congrats to @KarlRove on blowing $400 million this cycle. Every race@CrossroadsGPS ran ads in, the Republicans lost. What a waste of money.

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