In a recent online video posting, the Texas politician admitted he could not beat U.S. Sen. John McCain, R-Ariz., for his party's nomination but was nonetheless dedicated to continuing his electoral efforts, the Gannett News Service reported via Saturday's USA Today.

"Though victory in the conventional political sense is not available in the presidential race, many victories have been achieved due to your hard work and enthusiasm," Paul said. "We must remember elections are short-term efforts, revolutions are long-term projects."

The Center for Responsive Politics said while Paul has been struggling with votes, the representative has had few problems in regards to fundraising. The center said in January, Paul's fundraising efforts had totaled $32.6 million.

While Paul's campaign chest bested that of several of his electoral rivals, he never won a single state primary and will fall far short of the 1,191 delegates needed to become his party's candidate, USA Today reported.