Half-Billion Dollar Queens Sports Betting Ring Busted

From 1010WINS:

New York authorities said Wednesday they busted a lucrative offshore sports betting operation with links to the mob that took in a "staggering" half-billion dollars in wagers.

Thirty people and a corporation have been indicted in Queens in connection with the illegal enterprise that stretched across the country, authorities said.

The betting ring collected more than $567 million in a 28-month period and accepted wagers on many sports including football, basketball and hockey.

Queens District Attorney Richard Brown said in a statement the investigation uncovered evidence the betting operation had links to the Gambino and Genovese crime families. He said the gambling operation generated on average more than $20 million a month.