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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING REVENUES:        
Net Revenues $ 15,665,734 $ 16,202,395 $ 28,807,366 $ 30,300,384
OPERATING EXPENSES:        
Purse expense 1,963,226 2,304,648 3,204,966 3,677,405
Minnesota Breeders’ Fund 283,566 301,017 482,149 517,401
Salaries and benefits 6,949,453 6,838,335 13,260,158 12,990,175
Depreciation and amortization 986,418 889,073 1,917,906 1,740,059
Advertising and marketing 568,646 403,758 745,722 546,216
Professional and contracted services 1,596,849 1,445,486 2,807,714 2,697,928
Other operating expenses 1,331,777 1,329,636 2,609,275 2,500,556
Total Operating Expenses 15,233,916 15,080,180 27,725,877 27,416,295
INCOME FROM OPERATIONS 431,818 1,122,215 1,081,489 2,884,089
OTHER INCOME (LOSS)        
Equity investment income (loss), net equity investment (1,389,604) (1,174,499) (2,962,766) (2,026,746)
Interest income, net 479,380 532,570 922,661 1,071,097
Net Other Loss (910,224) (641,929) (2,040,105) (955,649)
(LOSS) INCOME BEFORE INCOME TAXES (478,406) 480,286 (958,616) 1,928,440
INCOME TAX BENEFIT (EXPENSE) 151,000 (142,000) 332,000 (592,000)
NET (LOSS) INCOME $ (327,406) $ 338,286 $ (626,616) $ 1,336,440
Basic (loss) earnings per share (in dollars per share) $ (0.06) $ 0.07 $ (0.12) $ 0.27
Diluted (loss) earnings per share (in dollars per share) $ (0.06) $ 0.07 $ (0.12) $ 0.27
Weighted average basic shares outstanding (in shares) 5,060,543 4,984,953 5,050,003 4,975,889
Weighted average diluted shares (in shares) 5,060,543 5,011,548 5,050,003 5,009,221
Cash dividends declared per share (in dollars per share) $ 0.07 $ 0.07 $ 0.14 $ 0.14
Casino [Member]        
OPERATING REVENUES:        
Net Revenues $ 9,488,723 $ 9,845,371 $ 18,680,881 $ 19,901,399
Pari-mutuel [Member]        
OPERATING REVENUES:        
Net Revenues 2,263,361 2,598,716 3,341,846 3,772,984
Food and Beverage [Member]        
OPERATING REVENUES:        
Net Revenues 2,066,758 2,100,231 3,691,511 3,827,380
OPERATING EXPENSES:        
Cost of goods and services sold 816,133 857,607 1,424,438 1,494,711
Product and Service, Other [Member]        
OPERATING REVENUES:        
Net Revenues 1,846,892 1,658,077 3,093,128 2,798,621
Other Pari-mutuel Expenses [Member]        
OPERATING EXPENSES:        
Cost of goods and services sold 280,285 323,777 457,455 522,166
Public Utilities [Member]        
OPERATING EXPENSES:        
Cost of goods and services sold $ 457,563 $ 386,843 $ 816,094 $ 729,678