The race for Pennsylvania’s First Congressional District was one of the most expensive and monitored campaigns in the country.

U.S. Rep. Brian Fitzpatrick won reelection, toping Democratic Challenger and multimillionaire Scott Wallace. Fitzpatrick defeated Wallace by receiving 152,291 votes to Wallace’s 140,968.

Wallace conceded the First Congressional District race around 11:30 p.m. at the Sheraton Hotel.

“There’s good news and bad news,” Wallace said. “The good news is we took the house.”

The bad news for Wallace (which he didn’t directly state) is that the multimillionaire won’t be joining his fellow democrats in the U.S House.

“I did this to make my grandfather proud,” Wallace said. “We really thought we were going to do this. I think the voters decided they wanted to stick with something that felt safer.”

At the time of his concession speech, Wallace said he hadn’t yet congratulated Fitzpatrick. “I guess he was giving his statement as I tried to call him,” Wallace explained. “I want to wish Mr. Fitzpatrick all the best.”

Wallace poured nearly nine million dollars of his own money into the losing effort, but still views the race as a win.

“Tonight was a huge success,” Wallace said. “I hope we can come together to fix Obamacare… climate change… and to make sure people with pre-existing conditions don’t get abandoned. This is hope, and this is the road to recovery.”