American Gambling Association: U.S. to bet $4.2 billion on Super Bowl 50

The amount would be about an 8% increase from money placed on last year's Super Bowl between the New England Patriots and Seattle Seahawks.

The American Gaming Association estimates that $4.2 billion will be wagered by Americans on Super Bowl 50, according to Darren Heitner of Forbes.

The amount would be about an 8% increase from money placed on last year's championship between the New England Patriots and Seattle Seahawks.

The AGA said they believe that $149 billion was wagered on sports by Americans in 2015, a $5 billion increase from 2014.

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“As Americans celebrate a milestone Super Bowl, they’ll also bet a record amount on the Big Game,” AGA president and CEO Geoff Freeman toldForbes. “Just like football, sports betting has never been more popular than it is today. The casino gaming industry is leading the conversation around a new approach to sports betting that enhances consumer protections, strengthens the integrity of games and recognizes fans’ desire for greater engagement with sports.”

Super Bowl 50 will be played between the Denver Broncos and the Carolina Panthers on Feb. 7 at Levi's Stadium in San Francisco.