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Photo: Spencer Platt/Getty Images

Michael Bloomberg is funneling more than a third of his massive advertising war chest into the 14 states voting on Super Tuesday, data from Advertising Analytics shows.

Why it matters: While most candidates are focusing their dollars and efforts on early primary states, the Democratic presidential candidate has his eyes set on the states he thinks he can win — and those with the most delegates.

Expand chart
Data: Advertising Analytics; Chart: Danielle Alberti/Axios

Details: 35% of Bloomberg's ad money has been spent on the four states with the largest number of Democratic delegates — California, New York, Texas and Florida. Nearly half has been spent on Super Tuesday and Rust Belt states.

  • Meanwhile, former Mayor Pete Buttigieg, Sen. Bernie Sanders, former Vice President Joe Biden, and Sen. Elizabeth Warren have spent more than half of all their ad dollars since last January on early voting states.
  • Biden and Warren were forced to scramble and shift money to New Hampshire as poor Iowa results rolled in, AP reported. Biden is struggling to raise money to last until states with more diverse demographics begin voting.
"While other campaigns have been focused on Iowa, we’ve been building an operation of political and organizing talent across the country that is unmatched and laying the groundwork in the states critical to defeating Trump in November."
— Statement by Bloomberg's 2020 States director, Dan Kanninen

The big picture: Bloomberg's team has also been invested on the ground, hiring staff and setting up offices in every Super Tuesday state, according to the campaign. They aim to have conversations with 10 million voters before Super Tuesday.

Yes, but: While skipping the early primary states ensures that the presidential nominee comes out unscathed ahead of Super Tuesday, it also means Bloomberg has missed out on potentially building more earned media support nationally. 

  • Buttigieg, for example, saw a bump in national polls after Iowa. He was polling fourth in New Hampshire right before the first 2020 caucus. Now, he's polling second, just 5 points behind Sanders, according to FiveThirtyEight.

Early states missed out on the Bloomberg money surge.

  • Total campaign spending on tv, radio and satellite ads on the Iowa caucus fell from 2016 to 2020. This was in part due to the decline in super PACs this election cycle, according to Steve Passwaiter, VP of political advertising at Kantar Media/CMAG, an ad measurement firm.
  • It didn't help that Bloomberg largely skipped over the state.

Go deeper: Bloomberg's big bet on the power of money

Go deeper

7 mins ago - Sports

U.S. swimmer Caeleb Dressel wins 50-meter freestyle final, sets new Olympic record

Caeleb Dressel during the men's 100m butterfly final at Tokyo Aquatics Centre on July 31, 2021 in Tokyo, Japan. Photo: Xavier Laine/Getty Images

American swimmer Caeleb Dressel won gold and set an Olympic record in the men's 50-meter freestyle on Saturday, beating his own world record that he set in 2020.

The big picture: This was his last race in Tokyo. Dressel won gold in the men's 100-meter butterfly, 100-meter freestyle and 4x100-meter medley relay in Tokyo. He also broke the world record in the men's 100-meter butterfly final on Friday.

  • Dressel had two gold medals going into the Tokyo Olympics.

Go deeper: Full Axios Olympics coverage

2 hours ago - Health

Florida records most new daily COVID cases in state since pandemic began

Nurses bring a portable x-ray machine to a treatment tent outside the emergency department at Holmes Regional Medical Center in Melbourne, Florida, set up to serve as an overflow area as the number of COVID-19 infections surges throughout Brevard County. Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

Florida reported 21,683 new COVID-19 cases — the most in the state in a single day since the pandemic began, per data released by the Centers for Disease Control and Prevention on Saturday.

The big picture: Florida is now the U.S. coronavirus epicenter, with the Delta variant driving a surge, Axios Tampa Bay's Ben Montgomery notes.

Updated 4 hours ago - Health

Chart: Less than 0.1% of vaccinated Americans tested positive for COVID-19

Expand chart
Data: CDC and state Covid dashboards. Dani Alberti/Axios

Of the 164 million vaccinated Americans, around 125,000 people have tested positive for breakthrough infections and 0.001% have died, according to state data compiled from state dashboards by NBC and data from the Centers for Disease Control and Prevention.

Why it matters: While "breakthrough cases" have been getting media attention, the low numbers show that the pandemic is mostly a threat for the unvaccinated population.