WASHINGTON (AP) -- President Donald Trump's reelection campaign is set to report that it raised more than $30 million in the first quarter of 2019, edging out his top two Democratic rivals combined, according to figures it provided to The Associated Press.

The haul brings the campaign's cash on hand to $40.8 million, an unprecedented war chest for an incumbent president this early in a campaign.

The Trump campaign said nearly 99% of its donations were of $200 or less, with an average donation of $34.26.

Trump's fundraising ability was matched by the Republican National Committee, which brought in $45.8 million in the first quarter — its best non-election year total. Combined, the pro-Trump effort is reporting $82 million in the bank, with $40.8 million belonging to the campaign alone.

Trump formally launched his reelection effort just hours after taking office in 2017, earlier than any incumbent has in prior years. By contrast, former President Barack Obama launched his 2012 effort in April 2011 and had under $2 million on hand at this point in the campaign.

Obama went on to raise more than $720 million for his reelection. Trump's reelection effort has set a $1 billion target for 2020.

Trump campaign manager Brad Parscale said in a statement that Trump "is in a vastly stronger position at this point than any previous incumbent president running for re-election, and only continues to build momentum."

Trump's fundraising with the RNC is divided between two entities: Trump Victory, the joint account used for high-dollar gifts, and the Trump Make America Great Again Committee, the low-dollar digital fundraising operation known internally as "T-Magic." The campaign is set to launch a traditional "bundling" program — which it lacked in 2016 — in the coming weeks. Bundlers are mid-tier donors who bring in contributions from their associates.

Together, the Trump entities have raised a combined $165.5 million since 2017.

Trump is benefiting from the advantages of incumbency, like universal name recognition and his unrivaled position atop the Republican Party.

Among Democrats, dollars are divided across a candidate field of well more than a dozen, while the Democratic National Committee remains in debt and has suffered from being dramatically outraised by the RNC in recent months.

Bernie Sanders topped the Democratic field in the first quarter, raising slightly more than $18 million, followed by Kamala Harris with $12 million and Beto O'Rourke with $9.4 million. Trump is reporting a haul of $30.3 million.

Republicans have trailed Democrats in online fundraising ever since the medium was invented roughly two decades ago. But Trump has closed the gap, driving small-dollar donors who make recurring donations to the GOP like the party has never seen before. According to RNC chairwoman Ronna McDaniel, Trump's campaign has already had eight seven-figure fundraising days this year, and has taken in money from more than 1 million new online donors since Trump's inauguration — including 100,000 this year.

The Republican committee said it is planning on spending $30 million on maintaining and growing Trump's email list alone, recently expanded its headquarters space to an annex in Virginia and will soon invest in developing an app.

In 2015, Trump swore off outside money, declaring in his opening speech: "I'm using my own money. I'm not using the lobbyists'. I'm not using donors'. I don't care. I'm really rich."

He quickly reversed course on high-dollar donations after he won the GOP nomination, bowing to the financial pressures of running a general election campaign, and he'd already raised millions online through the sale of merchandise like his signature red Make America Great Again hats.

Trump gave or loaned $66 million to his 2016 campaign, but has yet to spend any of his own cash for his reelection effort. Aides don't expect that to change.

15 PHOTOS Trump's 2020 reelection campaign chief Brad Parscale See Gallery Trump's 2020 reelection campaign chief Brad Parscale (FILE) - Brad Parscale, Digital Director, Donald J. Trump Presidential Campaign, speaks on the third day of the 7th Web Summit in Lisbon, Portugal, 08 November 2017. Media reports on 27 February 2018 state that US President Donald J. Trump has chosen Brad Parscale to run his campaign to win the 2020 re-election bid. ( Photo by Pedro Fiï¿½za/NurPhoto via Getty Images) (FILE) - Brad Parscale, Digital Director, Donald J. Trump Presidential Campaign, speaks on the third day of the 7th Web Summit in Lisbon, Portugal, 08 November 2017. Media reports on 27 February 2018 state that US President Donald J. Trump has chosen Brad Parscale to run his campaign to win the 2020 re-election bid. ( Photo by Pedro Fiï¿½za/NurPhoto via Getty Images) (FILE) - Brad Parscale, Digital Director, Donald J. Trump Presidential Campaign, speaks on the third day of the 7th Web Summit in Lisbon, Portugal, 08 November 2017. Media reports on 27 February 2018 state that US President Donald J. Trump has chosen Brad Parscale to run his campaign to win the 2020 re-election bid. ( Photo by Pedro Fiï¿½za/NurPhoto via Getty Images) Lara Trump (R) and Brad Parscale exit the elevators at Trump Tower on January 3, 2017 in New York. / AFP / DON EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images) NEW YORK, NY - DECEMBER 6: Brad Parscale, President-elect Donald Trump's campaign digital director, arrives at Trump Tower, December 6, 2016 in New York City. Trump and his transition team are in the process of filling cabinet and other high level positions for the new administration. (Photo by Drew Angerer/Getty Images) Brad Parscale arrives at Trump Tower on January 3, 2017 in New York. / AFP / DON EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images) Brad Parscale, digital director for U.S. President-elect Donald Trump, speaks at Trump Tower in New York, U.S., on Saturday, Dec. 3, 2016. Trump's incoming administration is poised to reshape the federal workforce, and the effects could last until long after a first or even a second term, according to a former Department of Homeland Security personnel chief. Photographer: Albin Lohr-Jones/Pool via Bloomberg NEW YORK, NY - DECEMBER 6: Brad Parscale, President-elect Donald Trump's campaign digital director, arrives at Trump Tower, December 6, 2016 in New York City. Trump and his transition team are in the process of filling cabinet and other high level positions for the new administration. (Photo by Drew Angerer/Getty Images) US President-elect Donald Trump's Digital Director Brad Parscale, arrives at the Trump Tower for meetings with US President-elect Donald Trump, in New York on November 17, 2016. / AFP / Eduardo Munoz Alvarez (Photo credit should read EDUARDO MUNOZ ALVAREZ/AFP/Getty Images) NEW YORK, NY - NOVEMBER 16: (L to R) Brad Parscale, digital director for the Trump campaign, and Eli Miller, chief operating officer for the Trump campaign, exit Trump Tower, November 16, 2016 in New York City. Trump is in the process of choosing his presidential cabinet as he transitions from a candidate to the president-elect. (Photo by Drew Angerer/Getty Images) NEW YORK, NY - NOVEMBER 16: Brad Parscale, who was the Trump campaign's digital director, makes his way out of the elevator at Trump Tower in New York, NY on Wednesday, Nov. 16, 2016. (Photo by Jabin Botsford/The Washington Post via Getty Images) NEW YORK, NY - NOVEMBER 15: Brad Parscale, digital director for the Trump campaign, arrives at Trump Tower, November 15, 2016 in New York City. President-elect Trump is in the process of choosing his presidential cabinet as he transitions from a candidate to the president-elect. (Photo by Drew Angerer/Getty Images) Brad Parscale, digital director for U.S. President-elect Donald Trump, speaks at Trump Tower in New York, U.S., on Saturday, Dec. 3, 2016. Trump's incoming administration is poised to reshape the federal workforce, and the effects could last until long after a first or even a second term, according to a former Department of Homeland Security personnel chief. Photographer: Albin Lohr-Jones/Pool via Bloomberg NEW YORK, NY - NOVEMBER 16: Brad Parscale, who was the Trump campaign's digital director, makes his way to the elevator at Trump Tower in New York, NY on Wednesday, Nov. 16, 2016. (Photo by Jabin Botsford/The Washington Post via Getty Images) NEW YORK, NY - NOVEMBER 16: (L to R) Brad Parscale, digital director for the Trump campaign, and Eli Miller, chief operating officer for the Trump campaign, exit Trump Tower, November 16, 2016 in New York City. Trump is in the process of choosing his presidential cabinet as he transitions from a candidate to the president-elect. (Photo by Drew Angerer/Getty Images) Up Next See Gallery Discover More Like This HIDE CAPTION SHOW CAPTION of SEE ALL BACK TO SLIDE

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