National Affairs: Bets Off

It was a bleak week for New York bookmakers:

¶ Gambler Harry Gross, 34, decided the jig was up. His old employees had spilled details of his $20 million-a-year bookmaking business (TIME, Oct. 9), were beginning to tell all about his tie-up with New York cops. (Semimonthly protection payments were so big "it took two men to carry the money.") In a Brooklyn court, dapper Harry Gross pleaded guilty to 66 counts of bookmaking and conspiracy for which he could be fined $33,500, thrown into jail for 68 years. Said one of Harry's boys...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!