Previous research suggests that female candidates do not face fundraising barriers; however, female politicians consistently report that fundraising is more difficult for them than their male colleagues. Using a regression discontinuity design to hold district characteristics constant, we study whether there is a gender gap in campaign fundraising for state legislators from 1990 to 2010. We find that male candidates raise substantially more money than female candidates. Further, male donors give more money to male candidates, while female donors, political parties, and PACs give approximately equally to men and women. At the same time, men face challengers who raise more money; consequently, male and female incumbents do not differ in the proportion of the overall district money that they raise in their next reelection bid. These results suggest that there are gender inequalities in campaign finance, but they may not have immediate consequence for women's representation.