New York operation said to have collected more than $567 million in 28 months

Thirty people and a corporation have been indicted in the New York City borough of Queens in connection with an offshore sports betting operation with links to organized crime, New York authorities said.

Police Commissioner Raymond W. Kelly said the betting ring was handling a “staggering amount of money,” according to a report carried by The Associated Press.

It collected more than $567 million in a 28-month period, authorities said, accepting wagers via Web sites and toll-free telephone numbers and maintaining a wire room in Panama to track accounts.

Queens District Attorney Richard A. Brown said the investigation uncovered evidence the betting operation had links to the Gambino and Genovese crime families.

Authorities said they seized more than $3 million in cash during a 38-month investigation, called Operation Betting It All. They said they were still tracking down assets belonging to the ring.

Twenty-seven suspects have been arrested. The police are looking for three others, two of whom were believed to be in Panama. The defendants were charged with enterprise corruption, money laundering, conspiracy and promoting gambling.