According to Politico, the spending will fund "paid ads, field programs, messaging research and polling."
LiveAction writes that the spending is "roughly double" what the three organizations collectively spent in 2018 (the last mid-term election year). It also writes that the three organizations spent approximately $82 million on the 2020 election.
The spending will target nine states, and it will benefit candidates running for state legislatures, governorships, and US Senate. The states include Arizona, California, Georgia, Kansas, Pennsylvania, Michigan, New Hampshire, Nevada, and Wisconsin.
Six of those states are holding competitive Senate races, and all nine have gubernatorial elections.