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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING REVENUES:    
Net Revenues $ 60,399,698 $ 33,140,272
OPERATING EXPENSES:    
Purse expense 8,037,994 4,946,799
Minnesota Breeders’ Fund 1,061,624 742,052
Salaries and benefits 15,105,558 15,926,727
Depreciation 2,844,647 2,748,514
Advertising and marketing 1,677,424 377,412
Professional and contracted services 4,208,622 3,340,116
Loss on disposal of assets 0 13,407
Other operating expenses 4,893,750 3,652,265
Total Operating Expenses 42,881,792 34,881,989
Gain on sale/transfer of land (Note 12) 263,581 2,367,514
INCOME FROM OPERATIONS 17,781,487 625,797
OTHER INCOME (LOSS)    
Loss from equity investment (2,703,299) (1,478,199)
Interest income, net 719,365 663,571
Net Other Loss (1,983,934) (814,628)
INCOME (LOSS) BEFORE INCOME TAXES 15,797,553 (188,831)
INCOME TAX (EXPENSE) BENEFIT (Note 4) (3,999,400) 1,250,845
NET INCOME $ 11,798,153 $ 1,062,014
Basic earnings per share (in dollars per share) $ 2.47 $ 0.23
Diluted earnings per share (in dollars per share) $ 2.44 $ 0.23
Weighted Average Basic Shares Outstanding (in shares) 4,776,007 4,697,021
Weighted Average Diluted Shares (in shares) 4,827,761 4,697,791
Casino [Member]    
OPERATING REVENUES:    
Net Revenues $ 38,090,835 $ 19,885,862
Pari-mutuel [Member]    
OPERATING REVENUES:    
Net Revenues 10,243,835 7,979,336
Food and Beverage [Member]    
OPERATING REVENUES:    
Net Revenues 6,185,832 2,372,716
OPERATING EXPENSES:    
Cost of goods and services sold 2,436,618 1,230,633
Product and Service, Other [Member]    
OPERATING REVENUES:    
Net Revenues 5,879,196 2,902,358
Other Pari-mutuel Expenses [Member]    
OPERATING EXPENSES:    
Cost of goods and services sold 999,654 692,060
Public Utilities [Member]    
OPERATING EXPENSES:    
Cost of goods and services sold $ 1,615,901 $ 1,212,004