A poorly managed ad account can burn through your budget fast, with little to show for it. Explore vetted PPC agencies in the US on DesignRush and compare providers by platform expertise, campaign results, and pricing to find the right fit for your business.

List of the Best PPC Agencies in the US

516 Companies-Rankings updated: August 21, 2026

DesignRush vets every pay per click agency based on professional qualifications and verified client feedback to help you choose confidently. Some listings may include paid placements.

United States ×
  • Never settle.

    Ervin & Smith is a leading digital agency that has been recognized as one of Inc. Magazine’s 5,000 fastest growing companies and one of the best places to work by Advertising Age...

    Location
    Omaha, Nebraska
    Number of Employees
    100 - 249
    Average Hourly Rate
    $125/hr
    Minimal Budget
    $1,000 - $10,000
  • Sustainable acquisition to grow your business.

    Smarter digital marketing, built on data, driven by partnership. At Workshop Digital, we help businesses grow through smarter digital marketing. By bringing together SEO, Paid Media, Analytics, and Conversion Rate Optimization (CRO), we uncover opportunities, solve complex marketing challenges, and...

    Location
    Richmond, Virginia
    Number of Employees
    Under 49
    Minimal Budget
    $1,000 - $10,000
  • We Drive Orders Of Magnitude For Shopify Scale-ups

    We help growing startups and sophisticated enterprises scale leads, app installs, and customers through data-driven digital advertising...

    Location
    Austin, Texas
    Number of Employees
    Under 49
    Average Hourly Rate
    $215/hr
    Minimal Budget
    $10,000 - $25,000
  • Glorywebs Your Trusted Partner for AI-Innovation and Growth

    Glorywebs creates websites that are appropriate for large and small enterprises. We assist them in increasing sales by helping them locate clients online. By doing this, we assist our clients in establishing their online authority and demonstrating their value...

    Location
    Harrisburg, Pennsylvania
    Number of Employees
    100 - 249
    Average Hourly Rate
    $25/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    4 Projects Listed
  • We Help Early-Stage Businesses Scale

    We help start-ups with three service areas: strategic coaching and advisory for a more low-touch point need, a full-service outsourced CFO offering from accounting to financial planning and raising capital, and a specialized digital marketing offering...

    Location
    Los Angeles, California
    Number of Employees
    Under 49
    Average Hourly Rate
    $135/hr
    Minimal Budget
    $1,000 - $10,000
  • start making interpretations

    EverEffect is the key to unlocking your business' full potential online! Their unique strategies drive targeted traffic and give companies an in-depth look into their success metrics. Through close monitoring, EverEffect helps businesses increase sales and leads by understanding what works for them-...

    Location
    Indianapolis, Indiana
    Number of Employees
    Under 49
    Average Hourly Rate
    $149/hr
    Minimal Budget
    $1,000 - $10,000
  • Maximize Your Brand's Reach.

    Robindale Media is a premier media buying agency known for its full-service approach and boutique concierge ethos. With over 200 years of combined experience, the agency offers a unique blend of purchasing prowess and platinum-level customer service. Through research-driven strategies and cutting-edge market...

    Location
    Penn Valley, Pennsylvania
    Number of Employees
    Under 49
  • Bleeding-edge digital marketing strategies that break barriers and redefine what is possible.

    Warp Drive Digital Marketing delivers personalized, data-driven strategies that help businesses grow by finding more customers, generating leads, and increasing sales. We leverage cutting-edge technology and innovation to provide tailored solutions that push the boundaries of traditional marketing. Our...

    Location
    Ogden, Utah
    Number of Employees
    Under 49
    Minimal Budget
    $1,000 - $10,000
  • Make Business Friends Forever

    Social media, marketing, and advertising agency. My BFF Social develops strategic marketing solutions that drive business forward...

    Location
    Pittsburgh, Pennsylvania
    Number of Employees
    Under 49
    Minimal Budget
    $1,000 - $10,000
  • Web Design, SEO & Digital Marketing for Long-Term Business Growths

    USA Marketing Pros is a web design and digital marketing agency based in Arlington, Virginia, serving businesses across Northern Virginia, Washington, DC, and Maryland. We help businesses improve visibility, generate qualified leads, and grow through website design, SEO, Google Ads management, social media...

    Location
    Arlington, Virginia
    Number of Employees
    Under 49
    Average Hourly Rate
    $99/hr
    Minimal Budget
    $1,000 - $10,000
  • Built To Save You From Your Agency

    At Lower Cross, we hate marketing agencies so we built a better way. We're a boutique consultancy focused on digital strategy, growth, and paid media. Lower Cross has a limited client roster because every account is handled only by the founder and senior execs. No junior staff, no middle management just...

    Location
    Greenwich, Connecticut
    Number of Employees
    Under 49
    Average Hourly Rate
    $250/hr
    Minimal Budget
    $10,000 - $25,000
  • Everything Your Marketing Needs To Drive Revenue

    CNV Creative is an outsourced marketing department for founders who are done being their own CMO. We build ROI-driven marketing systems that replace chaos with clarity aligning strategy, execution, and reporting so growth is predictable, profitable, and sustainable. Our work blends psychology, data, and...

    Location
    Youngstown, Ohio
    Number of Employees
    Under 49
    Average Hourly Rate
    $100/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    1 Project Listed
  • Let's create the future of your business.

    Brolik is a full-service digital agency that focuses on brand strategy and digital marketing to help our clients expand their business. The agency begins by speaking with our clients to understand their goals and wants, after which it looks for chances to reach out to them, boost their engagement, and boost...

    Location
    Philadelphia, Pennsylvania
    Number of Employees
    Under 49
    Average Hourly Rate
    $165/hr
    Minimal Budget
    $10,000 - $25,000
  • Digital Outfitters for the Most Driven Brands

    Lake One: Your Partner for Success. From providing strategic advice to solving complex CRM issues, Marketing Automation and Performance Marketing - Lake One helps B2B companies reach their goals through comprehensive sales & marketing transformation. With a team of experienced professionals, we offer an...

    Location
    Minneapolis, Minnesota
    Number of Employees
    Under 49
    Average Hourly Rate
    $199/hr
    Minimal Budget
    $1,000 - $10,000
  • We Fuel Brands

    Driller Design Co. is a Tulsa-based digital marketing and web design agency specializing in growth-focused marketing systems for service-based businesses. The agency combines web design, SEO, branding, Google Ads, and print solutions to help businesses generate leads, improve visibility, and build scalable...

    Location
    Tulsa, Oklahoma
    Number of Employees
    Under 49
    Average Hourly Rate
    $150/hr
    Minimal Budget
    $1,000 - $10,000
  • Providing Responsive Website Development And Seo Services.

    The vision of Big Ideas eCommerce Consulting is to provide real advice to businesses on managing their digital presence. By analyzing web traffic and using the most up-to-date tools, we can develop a strategy for your online digital marketing. Whether you are looking to refresh your current website or improve...

    Location
    Camp Hill, Pennsylvania
    Number of Employees
    Under 49
    Average Hourly Rate
    $50/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    2 Projects Listed
  • Digital Marketing Agency

    At 3techagency were a ROI-Driven digital marketing agency helping businesses scale up marketing efforts seamlessly through tools & services that grow revenue, improve efficiency & team versatility...

    Location
    Los Angeles, California
    Number of Employees
    Under 49
    Average Hourly Rate
    $23/hr
    Minimal Budget
    Under $1,000
    Portfolios Count
    4 Projects Listed
  • Helping Small Businesses Soar

    LeadCardinal is branding and small business website design firm bringing agency-caliber services to small businesses at an affordable price...

    Location
    Naperville, Illinois
    Number of Employees
    Under 49
    Average Hourly Rate
    $100/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    4 Projects Listed
  • U-Thrive Marketing is Tulsa's premier full-service digital marketing & website design agency based in Tulsa, Oklahoma. We provide the following services to our clients:SEO Tulsa - Search Engine Optimization Tulsa Website Design & Web-Development Pay Per Click Marketing & Management / Online Advertising Tulsa...

    Location
    Broken Arrow, Oklahoma
    Number of Employees
    Under 49
    Average Hourly Rate
    $125/hr
    Minimal Budget
    Under $1,000
  • Delivering Impactful Digital Marketing Services That Achieve Measurable Results.

    Redhawk Marketing has expertise in digital marketing services and strategies solutions with over 20 years of experience to ensure SMBs have the marketing tools and know-how to grow their business...

    Location
    Santa Rosa, California
    Number of Employees
    Under 49
  • Streamlining The eCommerce Shopping Experience!

    Scaledon's team of experts guides clients through the full marketing cycle with 15+ years of experience. From strategic planning to data management and reporting, our services cover every aspect needed for a successful campaign - including PPC, SEO, email initiatives and creative content/designs...

    Location
    Portsmouth, New Hampshire
    Number of Employees
    Under 49
    Minimal Budget
    $1,000 - $10,000
  • Helping Brands Thrive With Next-Level Solutions

    Hire a web design company in california to ensure product marketing through multi-channels email marketing, social media marketing, search engine optimization, and beyond...

    Location
    California City, California
    Number of Employees
    50 - 99
    Average Hourly Rate
    $60/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    4 Projects Listed
  • The Marketing Agency For Startups & Local Brands

    We leverages Paid Search, Paid Social, and SEO to create growth engines for startups and service-based businesses! We help startups and local businesses unlock growth through innovative search and social strategies...

    Location
    Dublin, Ohio
    Number of Employees
    Under 49
    Average Hourly Rate
    $100/hr
    Minimal Budget
    $1,000 - $10,000
  • Websites Designed with Porpoise!

    Dolphin Digital builds custom websites designed specifically for service-based businesses. Their unique approach begins with a free demo, and offers a stress-free experience. Dolphin Digital eliminates upfront fees and hidden costs with a single, transparent monthly payment plan...

    Location
    The Woodlands, Texas
    Number of Employees
    Under 49
    Minimal Budget
    Under $1,000
  • Small Business Marketing That Works

    Most digital marketing agencies will sell you a beautiful website and vanishing SEO promises. We do something different we build web design, SEO, AIO, and GEO strategies that are engineered from the first line of code to the last optimized listing to generate real leads. Your website isn't a brochure. It's a...

    Location
    Amarillo, Texas
    Number of Employees
    Under 49
    Average Hourly Rate
    $15/hr
    Minimal Budget
    $1,000 - $10,000
  • The Foundational Truth: Brand Is Strategy

    Noble Digital is a SantaMonicabased digital marketing and video production agency founded in 2012. With a team of roughly 1050 specialists, the firm blends analytics, strategy, design, and high-quality video to help mid-market and enterprise clients grow their brands and customer bases...

    Location
    Santa Monica, California
    Number of Employees
    Under 49
    Minimal Budget
    $10,000 - $25,000
    Portfolios Count
    3 Projects Listed
  • Audience-First Channel Strategies that Increase Revenue

    97th Floor is the number one digital marketing agency built to create pipeline and revenue for clients by crafting and executing custom, audience-first channel strategies that deliver bottom-line results...

    Location
    Lehi, Utah
    Number of Employees
    50 - 99
    Average Hourly Rate
    $150/hr
    Minimal Budget
    $1,000 - $10,000
  • A Marketing Partner in Your Corner Finally. SEO, Content, AI & LLM Optimization

    At GYBO Marketing, we believe businesses deserve an honest, transparent, and skilled partner because your success and trust are what drive us. We bring clarity to your strategy, align every marketing effort with your goals, and focus on what truly moves the needle so you can grow with confidence...

    Location
    Redding, Connecticut
    Number of Employees
    Under 49
    Minimal Budget
    $1,000 - $10,000
  • B2B Web Design and Digital Marketing Agency

    A leading digital marketing and web design agency with 25 years of success growing B2B, manufacturing, and healthcare companies through SEO, inbound marketing, ecommerce, and website development...

    Location
    Louisville, Kentucky
    Number of Employees
    Under 49
  • Everything you need to grow your business online.

    As a full-service design and marketing team, we've worked with 100+ clients across the world to design, develop, and launch world-class brands that sell more products. We work with you to understand your specific goals, and then build a strategy to help you achieve them...

    Location
    Kannapolis, North Carolina
    Number of Employees
    Under 49
    Average Hourly Rate
    $100/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    3 Projects Listed
  • Charlotte Digital Marketing Agency

    Charlotte, NC digital marketing agency founded in 2015. We help businesses grow with custom web design, local SEO, AI search optimization, and paid search (PPC). Trusted by Charlotte-area businesses for over a decade...

    Location
    Charlotte, North Carolina
    Number of Employees
    Under 49
    Average Hourly Rate
    $100/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    2 Projects Listed
  • Helping Local Businesses Attract Their Ideal Clients

    Dominate Solutions is a web design and digital marketing agency situated in Tampa, Florida, dedicated to facilitating businesses in establishing a commanding online presence. Our comprehensive suite of services includes web design, search engine optimization (SEO), pay-per-click (PPC) campaigns, and reliable...

    Location
    Tampa, Florida
    Number of Employees
    Under 49
    Average Hourly Rate
    $75/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    1 Project Listed
  • Stand Out Or Be Forgotten

    Create By Influence (CBI) offers a full-service marketing department that encompasses industry-leading methodologies to help grow businesses on and offline.When you are aiming for long-term growth you need a marketing team with unique expertise that will help you convert leads into customers, retain your...

    Location
    Mount Laurel Township, New Jersey
    Number of Employees
    Under 49
    Average Hourly Rate
    $80/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    1 Project Listed
  • Ideas That Inspire Growth

    Every company is home to a unique story. TriAd specializes in finding those stories and telling them in ways that capture attention and compel action. We'll help identify your story, and work closely with you to create marketing communications that resonate with your audience, sell your products and build...

    Location
    Columbus, Ohio
    Number of Employees
    Under 49
    Average Hourly Rate
    $145/hr
    Minimal Budget
    $1,000 - $10,000
  • Your one-stop destination to Digital Marketing Solutions.

    Markteer Technologies is dedicated to crafting comprehensive digital marketing strategies tailored to the needs of small, medium, and large enterprises. Our expertise lies in delivering end-to-end solutions that maximize online presence, drive engagement, and foster sustainable growth for businesses across...

    Location
    Edison, New Jersey
    Number of Employees
    Under 49
    Average Hourly Rate
    $90/hr
  • Solutions For Your Digital Marketing Success

    Navigating the digital marketing landscape can often be complex and time-consuming for business owners. Partnering with Solutions Digital Consulting for your digital marketing needs not only saves you time but also brings a wealth of knowledge and experience to your business...

    Location
    Overland Park, Kansas
    Number of Employees
    Under 49
    Average Hourly Rate
    $50/hr
  • Shopify Plus & Headless Commerce Agency for DTC Brands.

    Based in Lynchburg, Virginia, Creative Labs is a veteran Shopify Partner agency that has been elevating eCommerce since 2012. With a portfolio of over 800 brands across six continents, we specialize in high-converting custom development, SEO, paid media, and conversion optimization...

    Location
    Forest, Virginia
    Number of Employees
    Under 49
    Average Hourly Rate
    $95/hr
    Minimal Budget
    $1,000 - $10,000
  • We Boost Your Business's Growth.

    EtherealMinds: Your Growth Partner in Social Media, Web Development, and Ads That Actually Work. Maybe you've worked with a digital marketing agency before, and all you got were complicated reports and empty promises. Or maybe you're doing everything on your own, feeling overwhelmed and not seeing the return...

    Location
    West Palm Beach, Florida
    Number of Employees
    Under 49
    Minimal Budget
    $1,000 - $10,000
  • We Do Everything Ecommerce® AND WE MEAN EVERYTHING

    We are a full-service eCommerce agency, certified partner with Magento, Shopify, and BigCommerce.We do pretty much everything around eCommerce: solution architecture, web development, design, UX/UI, data migration, custom development (apps/modules), 3rd party integrations (ERP, CRM, PIM...)...

    Location
    Chandler, Arizona
    Number of Employees
    Under 49
    Average Hourly Rate
    $175/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    1 Project Listed
  • Helping SMBs Achieve Goals with Strategic Planning and Execution.

    We help small and medium-sized businesses achieve top-line sales growth and capture more qualified leads by providing customized digital marketing strategies, tactics, and tools. Our digital solutions are tailored to meet your unique needs and drive results...

    Location
    Lake Geneva, Wisconsin
    Number of Employees
    Under 49
    Average Hourly Rate
    $149/hr
    Minimal Budget
    $1,000 - $10,000
  • Passionate about achieving clients'​ success through marketing and advertising.

    beMarketing will collaborate with your company to get it in front of today's customers. As individuals spend more time on Social Networks, mobile phones, and emails, it is critical for your company to have a presence here...

    Location
    Plymouth Meeting, Pennsylvania
    Number of Employees
    Under 49
    Average Hourly Rate
    $100/hr
    Minimal Budget
    Under $1,000
    Portfolios Count
    1 Project Listed
  • Fortune 500 Strategy Startup Velocity

    As the 1st full-service marketing agency founded by Fortune 500 marketing director with 15+ years of U.S. experience, Douce specializes in Tech, Finance, AI, and E-commerce marketing. We combine enterprise-level strategy with startup agility to help brands grow fast and perform better...

    Location
    Orlando, Florida
    Number of Employees
    Under 49
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    1 Project Listed
  • A Digital Marketing & Web Design Agency

    Synchronicity is a digital marketing agency that provides web design & development and digital marketing strategies to generate leads and increase ROI...

    Location
    Charlotte, North Carolina
    Number of Employees
    Under 49
    Average Hourly Rate
    $150/hr
    Minimal Budget
    $1,000 - $10,000
  • Stop Drowning in Data Start Driving Scalable Growth

    eBoost Consulting helps great companies grow through search and social paid advertising. Since 2005 our team of digital marketing experts has been running highly successful digital marketing campaigns with a focus on innovation, results and customer satisfaction...

    Location
    El Segundo, California
    Number of Employees
    Under 49
    Average Hourly Rate
    $150/hr
    Minimal Budget
    $10,000 - $25,000
  • Social Media Marketing In Portland

    Zambuki is one of the marketing companies in Portland Oregon that helps local businesses address the challenges they face online and in the marketplace. Our foundational marketing products allow businesses to build a stronger presence, connect with more customers, and grow a stronger brand...

    Location
    Largo, Florida
    Number of Employees
    Under 49
    Average Hourly Rate
    $250/hr
    Minimal Budget
    $1,000 - $10,000
  • An Exclusive Approach To Driving Your Daily Leads.

    We specialize in custom and unique solutions that drive high quality leads and real business results. With our market exclusivity and one-on-one client consulting, we are the partner you're looking for to provide the most comprehensive marketing solutions for your business...

    Location
    Woodbury, Minnesota
    Number of Employees
    Under 49
  • Elite Services That Multiply Revenue

    SEOFAT is a full-service digital agency offering SEO, web development, and marketing solutions. We help brands grow visibility, leads, and revenue through smart, data-driven strategies...

    Location
    Irvine, California
    Number of Employees
    100 - 249
    Average Hourly Rate
    $25/hr
    Minimal Budget
    $1,000 - $10,000
  • Fueling the Rise of Startups

    Assistanova is a California-based digital marketing agency specializing in SEO, web design, content creation, ppc, and motion graphics. We deliver tailored strategies to help businesses thrive online with innovative solutions and measurable results...

    Location
    Sunnyvale, California
    Number of Employees
    Under 49
    Average Hourly Rate
    $100/hr
    Minimal Budget
    $1,000 - $10,000
    Portfolios Count
    1 Project Listed

7 FAQs About PPC Agencies in the US

What services does a pay per click agency in the US provide?

Pay per click agencies in the US offer a full spectrum of specialized services that integrate paid media into the broader marketing and revenue strategy and enable businesses to acquire more customers and grow demand on targeted channels

Guided by data to make spend decisions, eliminate waste, and maximize return on investment (ROI), the role of these specialists is to make each advertising dollar accountable.  

As part of its portfolio, a PPC agency provides campaign planning, keyword research, ad creation, copywriting, bid management, budget allocation, A/B testing, and performance tracking.

Professional PPC services are greatly sought after, as the majority of companies (60%) outsource PPC managementto agencies, while 20% work with freelancers, and only one in five businesses maintains an in-house paid media team.

How much does a pay-per-click agency charge in the US?

PPC companies in the US typically charge from $100 to $150 per hour. In addition to hourly-based models, these agencies operate on the following pricing models: 

  • Fixed monthly fee or a subscription: Ranges from $1,500 to $10,000, depending on the campaign size and scope 
  • Percentage of ad spend: Typically falls between 10-30%, with the percentage often decreasing as ad spend increases 
  • Performance-based pricing: Payment is tied to results, such as the number of leads or conversions generated 
  • Project-based pricing: Entails a one-time fee for a specific project, unaffected by ad spend 

Predominantly, agencies price their services based on a % of monthly ad spend, with over 50% of PPC companies using this model as their primary. Following closely at 33%-35% are agencies charging a flat monthly fee. 

What do US pay-per-click agencies charge that most buyers don't expect?

 Setup fees, creative production, tracking implementation, and tool costs rarely appear in the proposal. Here’s what to expect: 

Add-on Typical range 
One-time setup fee$500 – $2,500
Conversion tracking setup$300 – $1,500
Ad creative production$300 – $1,500/month
Tool subscriptions$100 – $500/month
Early termination fee1 - 3 months retainer

Before signing, ask for a sample first invoice from a client at your scope level. 

How do I know if I'm hiring the right pay per click company in the US for my budget?

Most PPC agencies have an effective minimum. Below roughly $3,000 in monthly ad spend, there is not enough data volume for the bidding algorithm to optimize, and not enough margin for the agency to staff the account with anyone senior. If an agency is willing to take any budget without flagging this, that is worth noting. 

Budget fit also affects how you should think about pricing. An agency charging a percentage of ad spend earns more when you spend more. Considering that, at lower budgets, misalignment is manageable, but above $20,000 a month, it becomes a real incentive problem. 

Before signing, ask directly how their fee structure changes as your spend scales. 

What is a realistic timeline to see results from a PPC agency, and what should I expect week by week?

A well-run PPC engagement should show directional movement in cost-per-conversion within three months. 

Here is what the agency should be delivering at each stage: 

  • Days 1 to 30: Conversion tracking confirmed, campaign structure built, baseline CPA or ROAS established, and a documented hypothesis about what will move performance and why. 
  • Days 30 to 60: Active testing underway with ad copy variants, audience segments, and match type adjustments. You should be able to see what is being tested and what the agency expects to learn from it. 
  • Days 60 to 90: Early performance data available. The agency should be able to tell you what did/didn’t work and what changes are planned for the strategy going forward. 

How can I tell if my current PPC strategy is underperforming before I hire anyone?

Check these five things before you brief a single agency: 

  • Conversion tracking is recording the wrong events. If your campaigns are optimizing toward page views or session starts instead of form fills, calls, or purchases, every performance number in your account is built on a bad signal. 
  • Your search terms report is full of irrelevant queries. If you are paying for clicks from searches that have nothing to do with what you sell, your negative keyword strategy is either absent or neglected. 
  • Cost per conversion has been climbing with no change in targeting. Gradual CPA increases without a plausible explanation usually mean the account has not been actively managed; automated bidding running on its own is not optimization. 
  • Your best-performing campaigns have never been tested. If ad copy, landing pages, and audience segments have been static for more than 90 days, the performance is not being optimized; it is merely running. 
  • You have no visibility into which campaigns are driving revenue. If your reporting stops at leads or clicks and does not connect to closed business, you cannot tell what is working. 

What are the red flags when evaluating PPC agencies in the US?

Here are some common warning signs to watch out for PPC agencies in the US: 

  • They guarantee specific results. PPC runs on an auction. No one controls what competitors bid, how the algorithm weights signals, or how your landing page converts.  
  • Their reporting lives in a proprietary dashboard you cannot export. If your performance data only exists inside their platform, you own nothing when the relationship ends. 
  • They have never worked in your vertical. Industry context affects keyword intent, competitor behavior, and conversion patterns. An agency learning your space on your budget is a real cost. 
  • They push to increase the budget before the current spending is profitable. Scaling an unprofitable account spends more money at the same losing rate. 

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