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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING REVENUES:    
Net Revenues $ 61,562,288 $ 61,436,858
OPERATING EXPENSES:    
Purse expense 7,908,404 7,600,059
Minnesota Breeders’ Fund 1,027,609 1,053,790
Salaries and benefits 26,142,046 25,490,790
Depreciation and amortization 3,620,899 3,145,372
Advertising and marketing 1,349,656 2,068,846
Professional and contracted services 5,660,993 5,981,480
Loss on disposal of assets 49,214 157,160
Other operating expenses 5,506,647 5,268,905
Total Operating Expenses 56,861,654 56,425,975
Gain on transfer/sale of land (Note 11) 1,732,353 6,489,976
INCOME FROM OPERATIONS 6,432,987 11,500,859
OTHER INCOME (LOSS)    
(Loss) income from equity investment (5,467,771) 1,501,268
Interest income, net 2,071,511 1,978,122
Net Other (Loss) Income (3,396,260) 3,479,390
INCOME BEFORE INCOME TAXES 3,036,727 14,980,249
INCOME TAX EXPENSE (Note 4) (923,885) (4,417,000)
NET INCOME $ 2,112,842 $ 10,563,249
Basic earnings per share (in dollars per share) $ 0.42 $ 2.15
Diluted earnings per share (in dollars per share) $ 0.42 $ 2.13
Weighted average basic shares outstanding (in shares) 4,994,905 4,921,379
Weighted average diluted shares (in shares) 5,032,210 4,949,182
Casino [Member]    
OPERATING REVENUES:    
Net Revenues $ 38,774,702 $ 39,781,166
Pari-mutuel [Member]    
OPERATING REVENUES:    
Net Revenues 8,226,047 8,253,615
Food and Beverage [Member]    
OPERATING REVENUES:    
Net Revenues 7,968,157 7,828,980
OPERATING EXPENSES:    
Cost of goods and services sold 3,195,767 3,062,974
Product and Service, Other [Member]    
OPERATING REVENUES:    
Net Revenues 6,593,382 5,573,097
Other Pari-mutuel Expenses [Member]    
OPERATING EXPENSES:    
Cost of goods and services sold 910,843 915,714
Public Utilities [Member]    
OPERATING EXPENSES:    
Cost of goods and services sold $ 1,489,576 $ 1,680,885