Encore Boston Harbor Hits $1 Billion in Tax Revenue for Massachusetts

^{Encore Boston Harbor, the only major casino in the Boston metro area, officially surpassed $1 billion in Massachusetts tax revenue this summer. (Photo: Marilyn Humphries / Alamy)}

Encore Boston Harbor announced Thursday that it had officially surpassed $1 billion in tax revenue generated for the state of Massachusetts, marking a major milestone for the Wynn-owned resort.

The property in Boston opened in 2019, and crossed $1 billion in tax payments to the state on Aug. 25, 2025.

Encore Touts Community Funding Efforts

According to the resort, Encore Boston Harbor has also contributed more than $330 million in community fees, Public Health Trust funding, and payments in lieu of taxes (PILOT).

“The dedication of our more than 3,300 employees, working each and every day to create memorable guest experiences, has allowed us to generate significant revenues for Massachusetts over the last six years,” Encore Boston Harbor President Jenny Holaday said in a statement. “Our employees take pride in Encore being a contributing partner to Massachusetts through our ability to generate significant tax revenues, impact the local economy with our spending, and financially support hundreds of local nonprofit partners.”

Encore Boston Harbor remains the only major casino in the Boston metro area, though the $2.6 billion resort is technically located in Everett, just outside of downtown Boston. Massachusetts collects 25 percent of gross gaming revenue generated by the casino. Since its opening, the facility has become a key player in the competitive northeastern casino market, competing with gambling operations from Connecticut to Maine. 

Expansion Plans on Hold for Resort

While Encore Boston Harbor has generated plenty of revenue and funds for the Massachusetts state coffers, not everything has gone smoothly.  Last year, Wynn Resorts announced that it was putting a $400 million expansion plan for the facility on hold due to a dispute with the city of Everett over payments tied to the development. 

The planned expansion would have added sports betting areas, poker rooms, a theater, and a nightclub. Wynn had already paid $30 million to the city before opening the casino, and made annual PILOT payments including a $26.9 million payment in 2024. However, Everett officials wanted to increase the size of those payments as part of the expansion deal. 

Still, both sides signaled that future expansion was possible if they could come to an agreement.

“Earnings for Wynn from Encore continue to be positive and I welcome their interest in expanding operations,” Everett Mayor Carlo DeMaria said last year. “I am glad that business is good at Encore, but I am in the business of reaching the best deal for the residents of my hometown.”

Although Wynn continues to own and operate the Encore Boston Harbor, it no longer owns the land around the facility. The company sold the land to Realty Income Corp. for $1.7 billion in 2022, and now pays $100 million annually in rent for the site.