Rep. Jim Banks easily wins Indiana’s open U.S. Senate race

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U.S. Rep. Jim Banks addresses supporters at the GOP's annual State Dinner at the JW Marriott in downtown Indianapolis, Aug. 10, 2023. (Peter Blanchard/IBJ photo)

U.S. Rep. Jim Banks of Indiana will be swapping congressional chambers after decisively winning his Senate race Tuesday over Democrat Valerie McCray.

“Only in America can a kid like me, who grew up in a trailer park in Columbia City and was the first in my family to go to college, go on to become a United States senator,” Banks said in a statement Tuesday. “As your next senator, I will fight every day to protect that American dream for the next generation.”

Banks will replace Sen. Mike Braun, who is running for governor, and will join fellow Republican Sen. Todd Young in representing Indiana in the U.S. Senate.

Banks passed on running for a fourth term in northeastern Indiana’s heavily Republican 3rd District to instead seek the state’s open U.S. Senate seat.

“We need true conservative fighters in Washington who are not afraid to cut reckless spending and fight to secure our border and end the Democrats’ border crisis,” Banks said. “I got in this race to champion working Hoosier families and put Indiana first, and that’s what I plan to do on day one in the United States Senate.”

With 68% of vote counted, Banks had a commanding 59% to 38% lead over McCormick.

Banks, who served in Afghanistan, was elected to serve in the U.S. House in 2016. His Senate campaign priorities included several hot-button issues he’s weighed in on previously, including immigration, abortion and “wokeness in schools and sports.”

This race’s disparities were illustrated by fundraising numbers. According to Federal Election Commission filings through Oct. 16, Banks had raised $6.8 million and McCray only $129,000. The race was largely uncompetitive with McCray failing to gain momentum early in the campaign season.

McCray took the stage at the Athenaeum and called out her competitor for not appearing at a debate hosted by the Indiana Debate Commission.
“We did not win the Senate race from what I understand,” McCray said. “And it’s a shame because my opponent did not show up for a debate. This was an algorithm, Fox News, social media mess because it had nothing to do with character. It had nothing to do with being on the right side.”

With the race’s wide fundraising gap and former President Donald Trump on the ballot, the race would have been especially tough for Democrats to win, said Chad Kinsella, director of the Bowen Center for Public Affairs at Ball State University.

In a statewide race, a lesser-known candidate needs to run commercials and send out mailers, something McCray wouldn’t have been able to do with the funds she raised, he said.

“To a degree, it’s almost to the point where it seems like he’s running unopposed,” Kinsella said ahead of Tuesday. “The Democrat has not gotten any traction.”

That lack of traction resulted in party boosters skipping over this race, said Laura Merrifield Wilson, a political science professor at the University of Indianapolis. There’s a limited amount of money to go around, she said, so it was targeted toward the most flippable Senate seats.

“The Senate race certainly gets forgotten because there’s just less space for it,” she said. “I don’t know how much voters are aware or really following these races.”

New Congress members will be sworn in Jan. 3.

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