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Wynn to Payout $850M for Everett Casino Resort

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August 11, 2015

The Massachusetts Gaming Commission was presented updated renderings in January of the Wynn Everett Casino Resort along Mystic River. The casino is estimated to cost $1.7 billion to complete.

On Thursday a meeting was held with Wynn and the gaming commission to discuss terms on taxation. Over the 15 years that the casino license is active, millions of tax dollars will be paid to the city. As well as the cost of improvements for transportation to the area.

Modifications to the community will result in $210 million. A majority of that will be used for road improvements by the Massachusetts Bay Transportation Authority.

The city will also be paid a daily tax of 25% from the gross revenues earned at the resort. In 15 years that could be over $355 million.

Shuttles, water transportation, and the orange line will also receive over $205 million.

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