Markets

Insider Trading

Hedge Funds

Retirement

Opinion

13 States With The Most Electoral Votes

In this article, we will take a look at the 13 states with the most electoral votes. If you would like to skip our discussion on the electoral process, you can go to the 5 States With The Most Electoral Votes.

The United States uses an electoral system to determine the outcomes of its presidential elections. Each state is assigned a fixed number of electoral votes. In total, there are 538 electoral votes available across the country. Large states with sizeable populations have a substantial impact on the overall election result.  The states with the least electoral votes are those with small populations, like Alaska, the District of Columbia, Montana, North and South Dakota, Vermont, and Wyoming, each having three electoral votes.  As a result of their smaller populations, these states have a relatively smaller impact on the electoral process. The allocation of electoral votes to all states is based on the number of senators and representatives in Congress, which is determined by population size.

Each state is allocated electoral votes based on the number of members it has in the House of Representatives, determined by the national census conducted every ten years. Additionally, every state receives two electoral votes for its two senators. The majority of states employ a winner-takes-all system for allocating electoral votes, while Maine and Nebraska use a proportional system based on the candidate’s victory in each congressional district. These electors, who form the Electoral College, convene after the general election to cast their votes for the presidential candidate. To win the presidency, a candidate must secure at least 270 electoral votes out of the current total of 538.

In the 2020 elections, President Biden secured 81.28 million votes, which accounted for 51.3% of all cast votes. This marked a historic milestone as Biden became the first presidential candidate to surpass 80 million votes. His contender, Donald Trump, garnered 74.22 million votes, constituting 46.8% of the votes cast. This surge in voter participation is reflected in the record-breaking turnout, with over 159.63 million Americans casting their votes. This turnout is unprecedented in US history, marking the first instance where voter participation surpassed 140 million. In terms of the percentage of the voting-eligible population, the voter turnout reached 66.7%, the highest seen in 120 years. To find a higher percentage turnout, one must trace back to the year 1900, when it stood at 73.7%. The record for the highest turnout belongs to the election of 1876, at 82.6%.

The significant increase in voter turnout in the 2020 elections was greatly facilitated by companies that supported the electoral process by allowing their employees time off to vote. Following the 2016 elections, where 14% of registered voters cited conflicting work or study schedules as a barrier to voting, companies such as Levi Strauss & Co. (NYSE:LEVI), Walmart Inc. (NYSE:WMT), and PayPal Holdings Inc. (NASDAQ:PYPL) took proactive measures. Levi Strauss & Co. (NYSE:LEVI) offered its workers five hours of paid time off to vote, while Walmart Inc. (NYSE:WMT) provided three hours of paid time off for employees unable to leave for voting during their shifts. Similarly, PayPal Holdings Inc. (NASDAQ:PYPL) offered up to four hours for voting or volunteering. These companies, along with others, are members of the non-partisan Time to Vote coalition, consisting of over 1,850 companies that encouraged their employees to participate in the 2020 elections. Their efforts were notably successful, contributing to the record-breaking voter turnout in US history in the 2020 elections.

Research shows that companies that implement employee-friendly practices, such as granting employees the opportunity to vote, experience benefits in terms of employee productivity and firm value. For instance, in a study published in the Journal of Organizational Culture, Communications, and Conflict, it was found that companies prioritizing employee well-being tend to exhibit superior financial performance and reduced risk levels compared to their counterparts. It was discovered that companies listed on the Fortune “Best 100 Companies to Work For” exhibit positive abnormal returns upon the announcement of employee-friendly policies. Similarly, findings from a study by Pepperdine University highlight the link between higher employee satisfaction and improved corporate performance, citing enhancements in recruitment, retention, and motivation within the organization. These findings highlight the importance of corporate initiatives aimed at providing employee-friendly policies and work environments.

Here’s what Wedgewood Partners said about PayPal Holdings Inc. (NASDAQ:PYPL) in its Q4 2023 investor letter:

PayPal Holdings, Inc. (NASDAQ:PYPL) also contributed less to portfolio performance than most holdings during the fourth quarter. The total payment volume handled by PayPal during its most recent quarter grew +15%, which helped drive healthy revenue growth and +20% earnings per share growth. Critically, the Company’s new management team has significant opportunity to drive more revenue and earnings growth across the massive, multi-trillion-dollar payments addressable market. PayPal’s rapidly growing payment processing brand, Braintree, represents one of those revenue growth opportunities, either by raising prices, as the Company had previously used a low-price strategy to establish a beachhead in this market, or by adding value-added services. PayPal’s branded checkout remains the largest volume and profit driver for the business, and we expect this to continue to track in-line with e-commerce growth in the near term, and eventually take share as the Company rolls out new features to its over +400 million users and +30 million merchants. We added to our position with the stock trading at just 10X forward earnings estimates during the quarter because there are many more long-term growth opportunities relative to most financial companies that trade for similar multiples and compared to technology companies that trade for much higher multiples.”

Alexandru Nika/Shutterstock.com

Our Methodology 

We compiled a list of the top 13 states with the most electoral votes using the current allocations for the 2024 and 2028 presidential elections, as provided by The US National Archives and Records Administration. The states have been ranked in ascending order based on their electoral votes.

By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders. 

13 States With The Most Electoral Votes

 13. Washington

Number of Electoral Votes: 12

Washington has 10 US Representatives, and it leans toward Democrats. While its political allegiance has shifted in the past, it has consistently supported Democrats in the last nine elections. In the 2020 election, Joe Biden won over Donald Trump here with a 58% to 39% lead.

12. Virginia

Number of Electoral Votes: 13

Virginia has 13 electoral votes. While it was a battleground in 1990 and leaned towards Republicans until 2004, the state has consistently supported Democrats since 2008. In the 2020 election, Biden secured a 10-point victory in Virginia, further solidifying its Democratic allegiance. It is likely to continue favoring Democrats in the 2024 elections.

11. New Jersey

Number of Electoral Votes: 14

New Jersey, with a population of 9.32 million, leans towards the Democratic Party. Over time, the state has lost electoral votes due to a population decline. New Jersey has consistently favored Democrats in the past eight elections, with Biden defeating Trump by a significant 16% margin in 2020. It is expected to maintain its pro-Democrat stance in the 2024 elections as well.

10. Michigan

Number of Electoral Votes: 15

Michigan, with a population of 10.04 million, is a swing state. The state has experienced a decline in electoral votes, dropping from 16 in 2020 to 15 in 2024. Historically, Michigan leaned Republican from 1972 to 1988 before shifting Democratic from 1992 to 2012. However, it flipped towards Republicans in 2016 and back to Democrats in 2020, with Joe Biden securing victory by a narrow margin of 2.8%. The 2024 election remains a toss-up in Michigan, highlighting its unpredictable political landscape. Michigan is among the top 10 states with the most electoral votes as of 2024.

9. North Carolina

Number of Electoral Votes: 16

North Carolina, with a population of 10.96 million, gained an additional electoral vote following the 2020 Census. It now shares the 8th largest electoral vote count with Georgia, totaling 16 electoral votes. Historically, North Carolina has been predominantly Republican, but it experienced a shift in 2008 when Barack Obama narrowly secured a victory. The state has a reputation for closely contested races, often swinging between parties. Donald Trump emerged victorious in both 2016 and 2020, defeating Hillary Clinton and Joe Biden by margins of 3.6% and 1.3%, respectively. As of 2024, North Carolina is leaning towards the Republican Party.

8. Georgia

Number of Electoral Votes: 16

Georgia is at the eighth position on our list of the states with the most electoral votes. Historically, the state leaned towards the Republican Party from 1972 to 2016. However, it has become increasingly competitive since then. In the 2020 election, Joe Biden secured a slim victory over Donald Trump by a margin of just 0.2%, marking the narrowest margin of victory in that election. The 2024 elections are anticipated to be another toss-up between the Democrats and Republicans in Georgia.

7. Ohio

Number of Electoral Votes: 17

Ohio, with a population of 11.81 million, has experienced a steady decline in the number of electoral votes since the 1960s. The state will lose another electoral vote in 2024, bringing its total to 17 votes. In recent elections, Ohio has been a battleground state. The 2004 election saw a particularly close race, with George W. Bush edging out John Kerry by a narrow 2% margin. In 2016, Donald Trump secured a significant victory, winning by approximately 8 points over Hillary Clinton, marking the widest margin in Ohio since 1988. Trump also emerged victorious over Joe Biden in the 2020 election.

6. Pennsylvania

Number of Electoral Votes: 19

Currently, Pennsylvania has 19 electoral votes. Traditionally, Pennsylvania has been a battleground state, favoring the Democratic Party until 2016, when Donald Trump narrowly won by a margin of just 0.7%. In 2020, Trump secured victory again, albeit by a slightly larger margin of 1.2%. Pennsylvania is often considered a bellwether state, as its outcome is indicative of the successful presidential candidate.

Click to continue reading and see the 5 States With The Most Electoral Votes.

Suggested Articles:

Disclosure: None. 13 States With The Most Electoral Votes is published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

  • The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
  • Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
  • Lifetime Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

  1. Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
  2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
  3. Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…