Romney super-PAC banks $20M in June, outpacing Obama group's efforts

The super-PAC supporting Mitt Romney's presidential campaign raised $20 million in June, outpacing the effort by the rival group supporting President Obama.

The $20 million banked by Restore Our Future means the group has already raised more than $80 million in support of Romney this political cycle. June's amount raised was more than four times the organization's tally in May. It also far surpassed the $6 million brought in by Priorities USA, the group backing the president's reelection.

"Restore Our Future raised over $20 million in the month of June 2012, the highest monthly amount ever raised by a super PAC," said the group's treasurer, Charlie Spies, in a statement. "This record-breaking fundraising effort is a tribute to the hard work of the entrepreneurs, small businesspeople, investors, and concerned citizens who believe America can do better than the Obama economy of the past years.”

Boosting the group in June was a reported $10 million donation from casino mogul Sheldon Adelson. Adelson, who dumped more than $20 million into a group supporting Newt Gingrich's efforts in the Republican primary, committed to backing Romney's election in the spring after the former House Speaker's exit from the race.

Adelson's donation alone was more than what was brought in by Priorities USA — despite that group's best month to date. 

“Last month, we raised over $6 million, which is about $2 million more than we raised the month before, which was $2 million more than we'd raised the month before," Priorities USA Director Bill Burton told Bloomberg on Friday. 

Restore our Future will look to seize on that financial advantage later this month by running a sizable television campaign during the Summer Olympics in 11 swing states.

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