The fundraising battle for May was won by Mitt Romney the likely presidential nominee for the Republican Party. His campaign coffers were increased by $76.8 million during the month of May, while President Barack Obama’s reelection campaign raised $60 million. The fundraising news comes as the two campaigns have increased their schedules for fundraising over the past weeks, especially since Rick Santorum, the last legitimate primary rival for Romney dropped out back in early April.

The Obama team might be worried about the amount being raised by the Republican Party after the two campaigns raised nearly the same amount during April. According to insiders, President Obama held 11 events during a five-day span in May, including the huge fundraiser at the home of George Clooney that raised over $15 million.

Romney was busier and fared better holding one or more events over a 15-day period in May, including one in Las Vegas with Donald Trump that took in $2 million. Obama’s campaign announced that close to 98% of all donations were under $250 and the average of all donations was just $54.94.

The president’s $60 million in May represented an increase of 30% from his April fundraising and is the first month he has gone head to head with Romney in fundraising. The announcement also was made to coincide with Obama being on a fundraising swing through California, hitting events around Los Angeles and San Francisco on Wednesday. Another in Los Angeles was scheduled for Thursday.