A widespread sports-gambling ring that raked in more than $32 million in bets last year has been busted, with 17 of its organizers indicted for running the “highly sophisticated” network, authorities announced Wednesday.

Accused bookmaker Cyrus Irani, 37, and his cronies oversaw more than 2,000 active bettors and used an 800 phone number and offshore Web site 365Action.com to place the bets, according to the Queens DA’s Office.

Bets were placed on professional and college basketball, football, hockey and baseball.

The money that was collected was eventually funneled up to Irani, from Santa Clarita, Calif., who allegedly set wager limits and approved new accounts.

Irani is accused of laundering the illegal proceeds by depositing and withdrawing large sums at various banks around the US.

Authorities wiretapped both the 800 number and Web site and found the ring had accepted credit-card and bank-deposit payments ranging between $5,000 and $270,000.

Also busted was Irani’s right-hand man, Clark Bruner, 56, of Downey, Calif.