(CNN) - Rep. Paul Ryan's newfound spot, now only three days old, on the GOP presidential ticket has aided Mitt Romney's quest for cash with $7.4 million raked in since the announcement 72 hours ago, according to a tweet from Romney campaign Press Secretary Andrea Saul.
The campaign did not however hit the fund-raising mark reached by the 2008 Republican presidential campaign in the first three days after former Alaska Gov. Sarah Palin joined the ticket.
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Saul said that $3.5 million was raised in the Romney-Ryan ticket's first 24 hours, with approximately 1.2 million coming on Saturday morning in the hours after Ryan was introduced as Romney's vice presidential choice.
Late Sunday, Saul posted "$5 million raised, 70,000+ donations" since the ticket premiered at a Virginia event with the bunting-draped battleship USS Wisconsin as their backdrop. The fundraising numbers are all online donations.
In 2008, Sen. John McCain's campaign raised $4 million online in the first 24 hours after he announced Palin would be his No. 2. Over the first three days, their fundraising reached $10 million.
Romney's joint fund-raising committee - which includes his campaign and the Republican National Committee - brought in $101.3 million in July, their second consecutive month raising over $100 million and the third consecutive month out-raising Obama, who in July raised $75 million.
Obama's campaign also used the Ryan announcement to bolster their coffers, sending a web video critical of the GOP ticket and asking their supporters to "chip in."
Ryan attended two fundraisers on Monday evening in Colorado, his first fundraisers as a member of the GOP ticket. A Romney-Ryan campaign aide said that 170 people attended one fundraiser, where tickets ranged in price from $2,500 to $25,000, and 75 people were expected to attend a second fund-raiser.
– CNN's Peter Hamby and Shawna Shepherd contributed to this report