Flanked by her son Shane, daughter Stephanie, son-in-law Triple H, and husband Vince, Linda conceded the race just two hours after the Associated Press predicted that Murphy was going to win at the Hilton Stamford Hotel.

The 64 year old suffered heavy losses in Bridgeport, New Haven, and Hartford, and there was no way back up the ladder from that point onward.

In the 2010 election, McMahon lost the race by 11% and this time, with 90% precincts reporting at time of this writing, she was trailing Murphy by 12%.

McMahon spent close to $50 million during this race, in addition to the $50 million of her own money she splashed for the failed 2010 race as well.

You can see her speech conceding the race below.

Linda campaigned till the last day, meeting supporters and workers in different cities, ending her campaign in Norwalk.

The former WWE CEO told the Associated Press that she is “cautiously optimistic” about her chances of winning and more Democrats have told her that they would be voting for her this time around.

The McMahon campaign has already indicated it would be watching Tuesday’s vote closely and would not hesitate to go to court if it suspected a violation of election laws according to The Hartford Courant.

McMahon spent almost $45 million for this campaign, just a bit under the $50 million she spent for the 2010 race which she lost by 11%. Latest polls show her trailing her Democrat rival Chris Shays once again.

In a previous McMahon television ad, it was encouraged to vote for McMahon and President Obama on the same ballot, something which was struck as odd since the McMahons are big Republicans and have donated money to the Romney campaign.

The TV ad with Obama talks about Murphy’s job plan, something that the McMahon campaign attacked him for not having during this race.

McMahon is close to spending over $100 million for the two Senate races and while she was ahead in the polls before she has now slipped down considerably and her chances of winning aren’t looking very good.

The $27 million – in addition to the $50 million she spent in her failed bid in 2010 – brings her total to over $78 million, a staggering amount for any individual running for Senate. McMahon did not accept donations in her first bid and funded the campaign solely from her own pocket.

Linda McMahon, the former WWE Chief Executive Officer, spent around $22 million more than her opponent, Democrat Chris Murphy, in this campaign.

While McMahon’s total of $78 million is a ridiculous amount of money, it pales in comparison to what former eBay CEO Meg Whitman spent in 2010 for her bid to become Governor of California. Whitman spent an astonishing $142 million for her campaign and still lost!

McMahon has spent a lot of money in television advertising and 84% of those polled have seen Linda’s TV ads versus the 64% who said they saw Murphy’s ads. Two thirds of the voters polled said that McMahon’s ads are “very” or “somewhat” effective, while half said the same for her opponent’s ads.

“McMahon has done a good job defining Murphy, who was not well known statewide, in a negative way,” said Douglas Schwartz, director of the Quinnipiac poll. “McMahon’s blanketing the airwaves with TV ads appears to be working.”

This is Linda McMahon’s second shot at the U.S. Senate after two years ago she lost her election to her Democrat opponent by 11% despite spending over $50 million of her own money in the campaign.

This past June, McCain sided with McMahon’s fellow Republican opponent Christopher Shays after McMahon won the nomination, McCain switched alliances and will now be appearing for the former WWE CEO at her Norwalk field office on October 1.

Linda McMahon – who according to polls is leading a narrow gap for the election – was again the center of controversy after the Democrats pointed out that WWE will release the Attitude Era DVD and Blu-Ray right after the election, and this after going to great lengths to remove the edgier videos from that era from YouTube so they cannot be used against her in ads.

The Stamford Advocate newspaper writes that WWE spokesman Brian Flinn said that the video release will be rated PG to reflect “the company’s family-values marketing of recent years.”

In her TV advertising, Linda McMahon is distancing herself from touting the fact that she was a successful CEO to that of being a grandmother in an attempt to make her more likable to potential voters.

The McMahon family had around $1 million in debts back in 1976 and court documents – published by the Greenwich Time newspaper shows all the creditors and how much they are owed by the McMahons. In total, there are 29 creditors, some of who have passed away.

“Over the past two days, Vince and I have begun attempts to locate and reach out to all individuals on the creditor list. It is our intention to reimburse all private individual creditors that can be located. We feel it is the right thing to do to pay them in full, including an adjustment for inflation at four times the initial amount as shown on the list of creditors,” Linda said in a statement.

You can read the document here.

“It’s being presented as today’s WWE,” said Brian Flinn, a WWE spokesman, “and it does not represent our PG-family-friendly entertainment of today.”

The Senate race is getting ugly as expected and AP notes that the Democrats have pumped $320,000 in ads into Chris Murphy’s campaign in hopes of blunting McMahon’s momentum, who currently leads in polls. Her opponents are also saying that WWE is trying to help Linda with her election.

“Chris Murphy’s implication or assertion that the WWE is coordinating with Linda McMahon’s U.S. Senate is untrue, to do so is unlawful,” the WWE said in a statement yesterday.

During the last election in 2010, WWE CEO and Chairman Vince McMahon was furious at how the Democrats used old WWE footage to discredit his wife Linda in the campaign. In an interview with the AP, Vince McMahon said that these WWE detractors conveniently left out the “soap opera elements” that lead up to the controversial moments and failed to mention the evolution of WWE over the past years, most notably the drug testing and improving the health of its wrestlers.

“In response to news that the WWE is scrubbing the internet of sexually explicit material from Linda McMahon’s tenure as CEO, the Connecticut Democratic Party is launching a new campaign to highlight the truth about McMahon’s past,” read a press release from the Democratic Party of Connecticut.

Instead of uploading to YouTube, the Democrats uploaded the video on another video sharing website, Vimeo, saying that they are re-releasing a video which highlights the type of programming Linda McMahon market to children.

“The video includes footage of wrestlers engaging in lewd sex acts, including one scene in which a wrestler has sex with a corpse,” the press release adds.

Included in the press release was the link to the Vimeo video, which funny enough, the WWE legal team also got their hands on, managing to take it off the Internet once again.

The video was titled “PG TV?” and the link now goes to a notice saying that the video was removed due to a third-party notification by World Wrestling Entertainment, Inc., claiming that that the footage used is infringing their copyright.

Tons of videos were removed from the popular YouTube website already with a WWE rep saying that they are damaging “the corporate reputation” of the company. These same videos are the ones which catapulted WWE into ratings success in the late 90s and obviously were deemed appropriate at the time.

“For years WWE has produced programming that is rated PG in prime time, and most recently rated G on Saturday mornings. To better reflect our current family-friendly brand of entertainment, WWE is removing some dated and edgier footage from digital platforms,” WWE said in a statement.

“Some of this footage has been misused in political environments without any context of explanation as to when it was produced,” the statement added, referring to the adverts that opponents of Linda McMahon were producing using WWE footage.

“WWE is well within its rights to protect its intellectual property for fair use.”

McMahon leads 54% to 42% among men voters although she’s looking the women battle 50% to 46%. She also leads 55% to 40% among possible independent voters. McMahon leads among all income groups, except voters making $50,000 to $100,000 per year. Voters under 35 years old back Murphy 51% to 43% while McMahon leads 54% to 42% among voters 35 to 54 years old. Voters over 55 are split 48% to 48%, making this election too close to call.

“The poll is good news for Linda McMahon. In our first likely voter poll in Connecticut, McMahon has a 3 point advantage in a too-close-to-call-race. Her edge is due to her double-digit lead among independent voters and being close among women, a group she struggled with in her 2010 run,” said Quinnipiac University Poll Director Douglas Schwartz, PhD.

This is McMahon’s second run at the Senate seat as in 2010 she lost the election by 11%.

With 87% of the precincts reporting before 10PM yesterday, Linda McMahon had 74% of the votes compared to 26% of Shays according to the Stamford Advocate.

Come November, she will be facing Democrat Chris Murphy for the Senate seat which currently belongs to Senator John Leiberman.

“I just fundamentally don’t believe that Linda McMahon can paper over her record as CEO of the WWE with a lot of money,” Murphy said. In his victory celebration immediately after the Primary, Murphy gave McMahon his first shot saying to his supporters that McMahon made “billions off of selling sex, violence and drug abuse” as WWE Chief Executive Officer.

Funny enough, according to the Stamford Advocate, Murphy left the stage at his celebrations to the RAW theme song “Tonight Is The Night” by Outasight.

McMahon held her celebrations at the Hilton Hotel which is – again, funny enough – owned by the father-in-law of McMahon’s last opponent and current Senator Rich Blumenthal.

Her supporters were treated to an open bar, antipasti, pretzels, bruschetta, and sliders at the hotel according to the newspaper.

Her mother and daughter, Stephanie McMahon-Levesque, accompanied Linda.

“It’s time to restore America’s promise of opportunity, and we need a proven job creator who understands the needs of hardworking families and small businesses to represent us in Washington,” a message on her website by her campaign manager reads.

“Linda has walked in our shoes and has a plan to get America working again. She will cut taxes for the middle class, level the playing field for America’s job creators, and cut Washington’s reckless spending. That’s the kind of leadership we need. And we need your vote to make that happen.”

Two years ago, the former WWE CEO also won the Primary but then lost the election to her Democrat opponent by 11%. She spent over $50 million of her own money in that campaign, refusing to accept certain donations, although this time around she has been collecting money to avoid the backlash that she was trying to buy the election.

In 2011, Vince and Linda McMahon earned a total of $24.1 million, and while that’s quite a lot, it’s a $6 million drop from their 2010 earnings. There will be an amendment to the report as the couple are still waiting for two missing documents regarding investment income. McMahon didn’t want to file her return before everything was in order but was advised to file and amend later.

“In the interest of just moving forward, Linda acted on that advice,” McMahon campaign spokesman Tim Murtaugh said.

The couple paid a total $3.6 million in federal taxes and an additional $1.72 million in state taxes. They also made nearly $2.3 million in charitable contributions, with $2 million of them going to the Vince and Linda McMahon Family Foundation.

The Foundation spent them all, and a bit more, totaling $2.4 million in donations to various groups including Connecticut Basketball Club Inc, East Carolina University, Sacred Heart University, Archdiocese of Hartford for a youth center and other organizations.

Linda and her husband Vince earned a total of $30.6 million in 2010, paying $4.7 million in federal taxes. The 2011 returns have not been released yet although her campaign team said that they will eventually be announced as well after they have been completed.

According to the AP, the vast majority of the income for the McMahons came from stock dividends.