Much of the focus from donors on down has centered on the governor races in key battleground states, though there is an expectation that more money and support will also trickle down to candidates for secretaries of state and attorney general as well. Democratic governors in Pennsylvania, Wisconsin and Michigan — states President Joe Biden narrowly won in 2020 — have all touted their roles as bulwarks for free elections, and those running for governor in Republican-held state capitals of Arizona and Georgia are pitching themselves as the last opportunity for the party to ensure that those states aren’t lost to Donald Trump-supporting election conspiracists.

“My entire donating life has always been centered around Congress, but I really think that if you care about democracy, you need to worry about these governors’ races,” said Steve Elmendorf, a Democratic donor and lobbyist. “This is critical for us to win in 2024.”…

Interviews with a dozen Democratic donors, bundlers and donor advisers echoed that sentiment, with many citing the intersection of 2022 gubernatorial races with certification of the 2024 presidential results. One example is Democratic megadonor George Soros, who seeded his super PAC with $125 million to focus on pro-democracy efforts and cut big checks to the Democratic Association of Secretaries of State, a group that focuses on electing Democrats to these offices.