Canterbury Park Holding 10-K 30 Mar 15 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 15, 2015	Jun. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Entity Registrant Name	CANTERBURY PARK HOLDING CORP
Entity Central Index Key	926761
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		4,213,877
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Public Float			$24,073,872

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash and cash equivalents	$8,761,925	$8,739,209
Restricted cash	1,069,181	1,139,003
Short-term investments	204,525	203,902
Accounts receivable, net of allowance of $22,294 and $40,268, respectively	192,674	338,971
Inventory	231,545	244,281
Prepaid expenses	541,822	624,553
Due from Minnesota horsemen associations	125,828	2,355
Deferred income taxes (Note 3)	265,900	333,300
Income taxes receivable		330,672
Total current assets	11,393,400	11,956,246
LONG-TERM ASSETS
Deposits	26,400	26,400
Land, buildings and equipment, net (Note 2)	28,075,879	25,129,986
Total assets	39,495,679	37,112,632
CURRENT LIABILITIES
Accounts payable	2,174,466	3,502,871
Card Casino accruals	1,401,336	1,546,123
Accrued wages and payroll taxes	1,198,705	946,111
Accrued property taxes	653,385	650,797
Payable to horsepersons	211,571	8,201
Income taxes payable	388,910
Total current liabilities	6,028,373	6,654,103
LONG-TERM LIABILITIES
Deferred income taxes (Note 3)	1,972,400	1,726,100
Stock appreciation rights (Note 5)	499,734	467,380
Total long-term liabilities	2,472,134	2,193,480
Total Liabilities	8,500,507	8,847,583
STOCKHOLDERS' EQUITY (Notes 4 and 5)
Common stock, $.01 par value, 10,000,000 shares authorized, 4,201,371 and 4,177,951, respectively, shares issued and outstanding	42,013	41,779
Additional paid-in capital	17,589,349	17,270,615
Retained earnings	13,363,810	10,952,655
Total stockholders' equity	30,995,172	28,265,049
Total liabilities and stockholders' equity	$39,495,679	$37,112,632

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Consolidated Balance Sheets [Abstract]
Accounts receivable, allowance	$22,294	$40,268
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	4,201,371	4,177,951
Common stock, shares outstanding	4,201,371	4,177,951

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
OPERATING REVENUES:
Pari-mutuel	$10,193,239	$11,179,285
Card Casino	27,029,750	25,546,328
Concessions	6,971,222	6,470,088
Other	4,445,210	3,792,471
Total Revenues	48,639,421	46,988,172
Less: Promotional allowances	-169,584	-251,735
Net Revenues	48,469,837	46,736,437
OPERATING EXPENSES:
Purse expense	6,283,788	6,314,867
Minnesota Breeders' Fund	831,063	851,482
Other pari-mutuel expenses	1,575,154	1,635,663
Salaries and benefits	19,648,677	19,843,631
Cost of concession and other sales	3,497,938	3,499,312
Depreciation	2,137,778	1,861,702
Utilities	1,333,141	1,326,179
Advertising and marketing	1,901,646	1,728,192
Gain on disposal of assets	-500	-23,752
Gain on insurance recoveries (Note 14)	-957,597
Other operating expenses	8,118,824	7,965,352
Total Operating Expenses	44,369,912	45,002,628
INCOME FROM OPERATIONS	4,099,925	1,733,809
OTHER INCOME:
Interest income	2,407	2,684
INCOME BEFORE INCOME TAXES	4,102,332	1,736,493
INCOME TAX EXPENSE (Note 3)	-1,691,177	-719,781
NET INCOME	$2,411,155	$1,016,712
NET INCOME PER COMMON SHARE DATA (Note 6):
Basic	$0.58	$0.24
Diluted	$0.57	$0.24

Consolidated_Statements_Of_Cha

Consolidated Statements Of Changes In Stockholders' Equity (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2012	$41,477	$16,903,245	$9,940,216	$26,884,938
Balance, shares at Dec. 31, 2012	4,147,743
Exercise of stock options	55	39,300		39,355
Exercise of stock options, shares	5,515
Stock-based compensation		270,074		270,074
Tax (expense) benefit from exercise of stock-based awards		-1,893		-1,893
Common stock repurchases	-8	-3,228	-4,273	-7,509
Common stock repurchases, shares	-809
Issuance of restricted stock	183	-183
Issuance of restricted stock, shares	18,290
Shares issued under Employee Stock Purchase Plan	72	63,300		63,372
Shares issued under Employee Stock Purchase Plan, shares	7,212
Net income			1,016,712	1,016,712
Balance at Dec. 31, 2013	41,779	17,270,615	10,952,655	28,265,049
Balance, shares at Dec. 31, 2013	4,177,951
Exercise of stock options	20	13,120		13,140
Exercise of stock options, shares	2,000
Stock-based compensation		217,094		217,094
Tax (expense) benefit from exercise of stock-based awards		7,895		7,895
Issuance of restricted stock	130	-130
Issuance of restricted stock, shares	13,040
Shares issued under Employee Stock Purchase Plan	84	80,755		80,839
Shares issued under Employee Stock Purchase Plan, shares	8,380
Net income			2,411,155	2,411,155
Balance at Dec. 31, 2014	$42,013	$17,589,349	$13,363,810	$30,995,172
Balance, shares at Dec. 31, 2014	4,201,371

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Operating Activities:
Net income	$2,411,155	$1,016,712
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	2,137,778	1,861,702
Stock-based compensation expense	217,094	270,074
Stock appreciation rights	32,354	227,592
Deferred income taxes	313,700	563,601
Tax expense (benefit) from exercise of stock-based awards	-7,895	1,893
Gain on disposal of assets	-500	-23,752
Gain on insurance proceeds	-957,597
(Increase) decrease in cash resulting from changes in operating assets:
Restricted cash	69,822	466,786
Accounts receivable	146,297	73,469
Other current assets	95,467	-167,763
Income taxes receivable/payable	727,477	-328,819
Increase (decrease) in cash resulting from changes in operating liabilities:
Accounts payable and accrued wages and payroll taxes	-532,739	63,360
Card Casino accruals	-144,787	66,454
Accrued property taxes	2,588	1,610
Payable to horsepersons	203,370	-15,174
Due from MHBPA	-123,473	-533,826
Net cash provided by operating activities	4,590,111	3,543,919
Investing Activities:
Additions to buildings and equipment	-5,657,743	-4,311,011
Proceeds from sale of assets	500	28,700
Proceeds from insurance claims	988,597
Purchase of investments	-623	-707
Net cash used in investing activities	-4,669,269	-4,283,018
Financing Activities
Common stock repurchases		-7,509
Proceeds from issuance of common stock	93,979	102,727
Tax benefit (expense) from exercise of stock-based awards	7,895	-1,893
Net cash provided by financing activities	101,874	93,325
Net increase (decrease) in cash and cash equivalents	22,716	-645,774
Cash and cash equivalents at beginning of year	8,739,209	9,384,983
Cash and cash equivalents at end of year	8,761,925	8,739,209
Supplemental disclosure of non-cash investing and financing activities:
Additions to buildings and equipment funded through accounts payable	46,157	589,229
Supplemental disclosure of cash flow information:
Income taxes paid, net of refunds	$650,000	$485,000

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Summary Of Significant Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Business – Canterbury Park Holding Corporation (the “Company”) was incorporated on March 24, 1994 and conducts pari-mutuel wagering operations and hosts “unbanked” card games at its Canterbury Park Racetrack and Card Casino facility (the “Racetrack”) in Shakopee, Minnesota.
	The Company’s pari-mutuel wagering operations include both wagering on thoroughbred and quarter horse races during live meets at the Racetrack each year from May until September and year-round wagering on races held at out-of-state racetracks that are televised simultaneously at the Racetrack (“simulcasting”).  Unbanked card games, in which patrons compete against each other, are hosted in the Card Casino at the Racetrack.  The Card Casino operates 24 hours a day, seven days a week.  The Card Casino offers both poker and table games at up to 80 tables.   The Company also derives revenues from related services and activities, such as concessions, parking, advertising signage, publication sales and from other entertainment events and activities held at the Racetrack.
	The consolidated financial statements include the accounts of the Company, Canterbury Park Concessions, Inc. (CPC), and Shakopee Valley RV Park Acquisition Company, LLC after elimination of intercompany accounts and transactions.
	Revenue Recognition – The Company’s revenues are derived primarily from the operations of a Card Casino, pari-mutuel wagering on simulcast and live horse races, concession sales, and related activities.  Collection revenue from Card Casino operations, a set percentage of wagers, is recognized at the time that the wagering process is complete.  Pari-mutuel revenues are recognized upon occurrence of the live race that is presented for wagering and after that live race is made official by the respective state’s racing regulatory body.  Revenues related to concession and publication sales and parking and admission fees are recognized as revenue when the service has been performed or the product has been delivered.  All sales taxes are presented on a net basis and are excluded from revenue.
	Estimates – The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from these estimates.
	Cash and Cash Equivalents – Cash and cash equivalents include all investments with original maturities of three months or less or which are readily convertible into known amounts of cash and are not legally restricted.  The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.
	Restricted Cash – Restricted cash represents refundable deposits and amounts due to horsemen for purses, stakes and awards, and amounts accumulated in card game progressive jackpot pools, the player pool and poker promotional fund to be used to repay card players in the form of promotions, giveaways, prizes, or by other means.
	Short-term Investments – Securities are classified as held to maturity when the Company has the positive intent and ability to hold them to maturity, and are measured at amortized cost.  At December 31, 2014 and 2013, all investments were classified as held-to-maturity.  The Company continually reviews its investments to determine whether a decline in fair value below the cost basis is other than temporary.  If the decline in fair value is judged to be other than temporary, the cost basis of the security is written down to fair value and the amount of the write-down is included in earnings.  Short-term investments consist of certificates of deposit at December 31, 2014 and 2013.  Amortized cost approximated fair value for both periods.
	Accounts Receivable – Accounts receivable are initially recorded for amounts due from other tracks for simulcast revenue, net of amounts due to other tracks, and for amounts due from customers related to special events.  Credit is granted in the normal course of business without collateral.  Accounts receivable are stated net of allowances for doubtful accounts, which represent estimated losses resulting from the inability of customers to make the required payments.  Accounts that are outstanding longer than the contractual terms are considered past due.  When determining the allowances for doubtful accounts, the Company takes several factors into consideration including the overall composition of the accounts receivable aging, its prior history of accounts receivable write-offs, the type of customers and its day-to-day knowledge of specific customers.  The Company writes off accounts receivable when they become uncollectible.  Changes in the allowances for doubtful accounts are recorded as bad debt expense and are included in other operating expenses in the Company’s consolidated statements of operations.
	Inventory – Inventory consists primarily of food and beverages, small wares and supplies and retail goods and is recorded at the lower of cost (first-in, first-out) or market.
	Unredeemed Pari-mutuel Tickets – The Company records a liability for winning tickets and vouchers upon the completion of a race and when a voucher is printed, respectively.  As uncashed winning tickets and vouchers are redeemed, this liability is reduced for the respective cash payment.  The Company recognizes revenue associated with the uncashed winning tickets and vouchers when the likelihood of redemption, based on historical experience, is remote.  While the Company continues to honor all winning tickets and vouchers presented for payment, management may determine the likelihood of redemption to be remote due to the length of time that has elapsed since the ticket was issued.  In these circumstances, if management also determines there is no requirement for remitting balances to government agencies under unclaimed property laws, uncashed winning tickets and vouchers may then be recognized as revenue in the Company’s consolidated statements of operations.
	During 2013, the Company reevaluated the likelihood of redemption relating to outstanding vouchers and through this assessment, the Company decreased the projected redemption rate.  The Company has determined that this adjustment to the likelihood of redemption relating to vouchers is a change in accounting estimate and has accounted for the change prospectively; i.e. the accounting change impacts interim reporting periods within fiscal year 2013 and future periods.  For the year ended December 31, 2013, the change in accounting estimate decreased the Company’s liability for outstanding pari-mutuel vouchers and increased pari-mutuel revenue in its consolidated statements of operations for the period by approximately $412,286 (pre-tax difference), increasing income from operations by this amount as well.  Net income increased approximately $239,150 (after taking income taxes into account), or by approximately $0.06 net income per basic and diluted common share.
	Promotional Allowances – The Company offers certain promotional allowances at no charge to patrons who participate in its player rewards program.  The retail value of these promotional items is shown as a deduction from total revenues on the Company’s consolidated statements of operations.
	Due to Minnesota Horsemen’s Benevolent and Protective Association, Inc. (“MHBPA”) – The Minnesota Pari-mutuel Horse Racing Act specifies that the Company is required to segregate a portion of funds (recorded as purse expense in the statements of operations), received from Card Casino operations and wagering on simulcast and live horse races, for future payment as purses for live horse races or other uses of the horsepersons’ associations.  Pursuant to an agreement with the MHBPA, the Company transferred into a trust account or paid directly to the MHBPA, approximately $5,850,000 and $6,325,000 for the years ended December 31, 2014 and 2013, respectively, related to thoroughbred races.  Minnesota Statutes specify that amounts transferred into the trust account are the property of the trust and not of the Company.
	Impairment of Long-Lived Assets – Management of the Company periodically reviews the carrying value of property and equipment for potential impairment by comparing the carrying value of these assets with their related expected undiscounted future net cash flows.  Should the sum of the related expected future net cash flows be less than the carrying value, management will determine whether an impairment loss should be recognized.  An impairment loss would be measured by the amount by which the carrying value of the asset exceeds the fair value of the asset.  Management has determined that no impairment of these assets exists at December 31, 2014.
	Advertising and Marketing – Advertising and marketing costs are charged to expense as incurred.  The related amounts are presented separately in the Company’s consolidated statements of operations.
	Land, Buildings, and Equipment – Land, buildings, equipment, and building improvements are capitalized at a level of $1,000 or greater and are recorded at cost.  Repair and maintenance costs are charged to operations when incurred.  Furniture, fixtures, and equipment are depreciated using the straight-line method over estimated useful lives ranging from 5 – 7 years, while buildings are depreciated over 15 – 39 years.  Building improvements are amortized using the straight-line method over the useful life of the assets.
	Card Casino Accruals – Minnesota law allows the Company to collect amounts from patrons to fund progressive jackpot pools in the Card Casino.  These amounts, along with amounts earned by the player pool, promotional pools, and the outstanding chip liability, are accrued as short-term liabilities at each balance sheet date.
	Income Taxes – Income taxes are accounted for under the asset and liability method.  Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to reverse.
	The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority.
	Interest and penalties associated with uncertain income tax positions are presented in income tax expense.  For the years ended December 31, 2014 and 2013, the Company did not recognize any expense related to interest and penalties.
	Net Income Per Share – Basic net income per common share is based on the weighted average number of common shares outstanding during each year.  Diluted net income per common share takes into effect the dilutive effect of potential common shares outstanding.  The Company’s only potential common shares outstanding are stock options.
	Fair Values of Financial Instruments – Due to the current classification of all financial instruments of the Company and given the short-term nature of the related account balances, carrying amounts reported in the consolidated balance sheets approximate fair value.
	Stock-Based Employee Compensation – The Company accounts for share-based compensation awards on a fair value basis. The estimated grant date fair value of each stock-based award is recognized as expense over the requisite service period (generally the vesting period).  The estimated fair value of each option is calculated using the Black-Scholes option-pricing model. For more information on the Company’s stock-based compensation plans, see Note 5.
	Recent Accounting Pronouncement – In August 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-15, Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern, which explicitly requires management to assess an entity's ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. Management will be required to assess, in each interim and annual period, if there is substantial doubt of an entity's ability to continue as a going concern as evidenced by relevant known or knowable conditions including an entity's ability to meet its future obligations. Management will be required to provide disclosures regardless of whether substantial doubt is alleviated by management's plans. The guidance will become effective for annual fiscal periods ending after December 15, 2016.
	In May, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). ASU 2014-09 is a new comprehensive standard for revenue recognition that is based on the core principle that revenue be recognized in a manner that depicts the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance implements a five-step process for customer contract revenue recognition. The guidance also requires enhanced disclosures relating to the nature, amount, timing, and uncertainty of revenues and cash flows arising from contracts with customers. This new guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, and early adoption is prohibited. Entities can transition to the new guidance either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is evaluating the impact of the amended revenue recognition guidance on the Company’s consolidated financial statements but does not believe it will have a significant impact.

Land_Buildings_And_Equipment

Land, Buildings And Equipment	12 Months Ended
	Dec. 31, 2014
Land, Buildings And Equipment [Abstract]
Land, Buildings And Equipment
	2.LAND, BUILDINGS AND EQUIPMENT
	Land, buildings and equipment, at cost, consist of the following at December 31, 2014 and 2013:
		2014		2013
	Land	$	6,673,076	$	6,673,076
	Buildings and building improvements		26,522,813		22,107,644
	Furniture and equipment		18,890,728		18,663,552
			52,086,617		47,444,272
	Accumulated depreciation		-24,010,738		-22,314,286
		$	28,075,879	$	25,129,986

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Taxes [Abstract]
Income Taxes
	3.INCOME TAXES
	A reconciliation between income taxes computed at the statutory federal income tax rate and the effective tax rate for the years ended December 31, 2014 and 2013 is as follows:
		2014		2013
	Federal tax expense at statutory rates	$	1,394,793	$	587,367
	Nondeductible lobbying expense		29,518		29,115
	State expense, net of federal impact		280,263		128,146
	Stock option expense		-364		12,465
	Other		-13,033		-37,312
		$	1,691,177	$	719,781
	Income tax expense for the years ended December 31, 2014 and 2013 consists of the following:
		2014		2013
	Current
	Federal	$	1,070,360	$	179
	State		307,117		156,002
			1,377,477		156,181
	Deferred, primarily Federal		313,700		563,600
		$	1,691,177	$	719,781
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.
	Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2014 and 2013 are as follows:
		2014		2013
	Deferred tax assets
	Vacation accrual	$	73,300	$	68,400
	Player rewards program accrual		202,100		269,600
	Stock options and stock appreciation rights		404,300		339,300
	Total deferred tax assets	$	679,700	$	677,300
	Deferred tax liabilities
	Tax depreciation greater than book depreciation	$	-2,254,200	$	-1,961,400
	Deferred gain on sale of land		-104,000		-104,000
	Other		-28,000		-4,700
	Total deferred tax liabilities	$	-2,386,200	$	-2,070,100
	The Company is subject to U.S. and Minnesota taxation.  The Company is no longer subject to U.S. federal, state, or local examinations by tax authorities for years before 2010.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity [Abstract]
Stockholders' Equity	4.STOCKHOLDERS’ EQUITY
	Employee Stock Purchase Plan:
	The Company offers an Employee Stock Purchase Plan (the “ESPP”) that is open to all employees working more than 15 hours per week.  Shares of the Company’s common stock may be purchased by employees at three-month intervals at 90% of the fair market value on the last trading day of each three-month period. Employees purchased 8,380 and 7,212 shares in 2014 and 2013, respectively.  As of December 31, 2014, a total of 268,331 shares have been issued since inception out of the 350,000 shares authorized.
	KSOP:
	During the first quarter of 2013, the Company’s Board of Directors approved an action to combine the Employee Stock Ownership Plan (the “ESOP”) with the 401(k) Plan to create a KSOP Plan (the “KSOP”).  The KSOP allows the Company to use Company stock to match contributions from its employees should it so choose.  This combination became effective on July 15, 2013.  The KSOP is available to eligible employees who had completed six months of service.  There was no match of Company stock to the KSOP in 2014 or 2013. Employer contributions charged to operations for the years ended December 31, 2014 and 2013 were $154,000 and $134,000, respectively, for cash matching of employee contributions.
	Stock Repurchase Plan:
	On August 24, 2012, the Company announced that its Board of Directors had authorized the repurchase of up to 100,000 shares of the Company’s common stock.  During 2013, the Company repurchased 809 shares of common stock at an average price of $9.28 for an aggregate purchase price of $7,509.  No shares were repurchased in 2014.

StockBased_Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2014
Stock-Based Compensation [Abstract]
Stock-Based Compensation	5.STOCK-BASED COMPENSATION
	Stock-based compensation is recorded at fair value as of the date of grant and included in the salaries and benefits expense line item on the consolidated statements of operations and amounted to $217,000 and $270,000 for the years ended December 31, 2014 and 2013, respectively.
	Stock Options:
	The Company’s 1994 Stock Plan (the “Plan”) provides for the granting of awards in the form of stock options, restricted stock, stock appreciation rights, and deferred stock to key employees and non-employees, including directors of and consultants to the Company and any subsidiary, to purchase up to a maximum of 1,450,000 shares of common stock.  The Company currently has 159,100 shares available for grant under the Plan.  The Plan is administered by the Board of Directors which determines the persons who are to receive awards under the Plan, the type of award to be granted, the number of shares subject to each award and, if an option, the exercise price of each option.
	The Plan provides that payment of the exercise price may be made in the form of unrestricted shares of common stock already owned by the optionee. The Company calculates the fair market value of unrestricted shares as the average of the high and low sales prices on the date of exercise. The Company’s common stock is purchased upon the exercise of stock options, and restricted stock awards are settled in shares of the Company’s common stock.
	Stock option activity related to the Plan during the years ended December 31, 2014 and 2013 is summarized below:
			2014						2013
						Weighted						Weighted
						Average						Average
			Number of			Exercise			Number of			Exercise
			Shares			Price			Shares			Price
	Outstanding at beginning of year			271,752		$	9.99			292,267		$	10.13
	Granted			-			-			-			-
	Exercised			-2,000			6.57			-5,515			7.14
	Expired/Forfeited			-14,500			16.78			-15,000			13.86
	Outstanding at end of year			255,252		$	9.63			271,752		$	9.99
	Options exercisable at end of year			255,252		$	9.63			272,142		$	9.99
	The grant-date fair value of options outstanding and exercisable at December 31, 2014 and 2013 was $908,000 and $1,063,000, respectively.  The weighted average remaining contractual term of these options is 3.9.
	There were no options granted in 2014 or 2013.  The total fair value of options exercised during the years ended December 31, 2014 and 2013 was $3,500 and $13,000, respectively.  The total income tax expense (benefit) recognized in the consolidated statements of operations for stock-based compensation arrangements was $(8,000) and $2,000 for 2014 and 2013, respectively.
	The following table summarizes information concerning all options outstanding and options exercisable as of December 31, 2014:
				Options Outstanding										Options Exercisable
						Weighted			Weighted							Weighted
						Average			Average			Aggregate				Average		Aggregate
	Range of			Number		Life			Exercise			Intrinsic		Number		Exercise		Intrinsic
	Exercise Price			Outstanding		Remaining			Price			Value		Exercisable		Price		Value
	$	6.00 - 7.05		88,002		4.4		$	6.23		$	119,962		88,002	$	6.23	$	119,962
	$	8.28 - 9.15		77,250		5.2		$	8.34			291,878		77,250	$	8.34		291,878
	$	11.35 - 14.55		75,000		2.7		$	13.45			-		75,000	$	13.45		-
	$	16.68 - 17.25		15,000		0.1		$	17.1			-		15,000	$	17.1		-
		Total		255,252		3.9		$	9.63		$	411,840		255,252	$	9.63	$	411,840
	Board of Directors Stock Option and Restricted Stock Grants
	The Company’s Stock Plan was amended to authorize annual grants to non-employee members of the Board of Directors of restricted stock or stock options, or both, as determined by the Board.  Options granted under the Plan generally expire ten years after the grant date and generally become exercisable over a four year period. Generally the restricted stock vests 100% after one year and is subject to restrictions on resale for an additional year.
	Restricted stock awards are subject to forfeiture if a board member terminates prior to the shares vesting. A summary of changes in Board of Directors restricted stock as December 31, 2014:
						Weighted
						Average
			Restricted			Fair Value
			Stock			Per Share
	Non-Vested Balance, December 31, 2012			11,820		$	12.69
	Granted			18,290			10.52
	Vested			-11,820			12.69
	Forfeited			-			-
	Non-Vested Balance, December 31, 2013			18,290		$	10.52
	Granted			13,040			10.61
	Vested			-18,290			10.52
	Forfeited			-			-
	Non-Vested Balance, December 31, 2014			13,040		$	10.61
	Employee Deferred Stock Award Grants
	Employee deferred stock awards are subject to forfeiture if an employee terminates prior to the vesting. Generally, the awards vest ratably over a four-year period and compensation costs are recognized over the vesting period. Compensation costs are recorded in “Salaries and benefits” on the Consolidated Statements of Operations.
	A summary of the changes in employee deferred stock award grants as of December 31, 2014, is as follows:
						Weighted
						Average
			Deferred			Fair Value
			Stock			Per Share
	Non-Vested Balance, December 31, 2012			20,500		$	9.84
	Granted			2,000			10.10
	Vested			-4,375			9.84
	Forfeited			-2,000			9.84
	Non-Vested Balance, December 31, 2013			16,125		$	9.87
	Granted			23,000			10.46
	Vested			-4,375			9.84
	Forfeited			-			-
	Non-Vested Balance, December 31, 2014			34,750		$	10.27
	At December 31, 2014, there was approximately $365,000 of total unrecognized stock-based compensation expense related to unvested restricted stock and deferred stock awards the Company expects to recognize over a weighted-average period of 2.2 years.
	Stock Appreciation Rights (“SARs”)
As part of the Cooperative Marketing Agreement discussed in Note 13, on June 14, 2012, the Company signed a Stock Appreciation Rights Agreement (the “SAR Agreement”) and issued SARs to non-employees.  The SAR Agreement granted rights to non-employees to benefit from the appreciation in the value of 165,000 shares of Company common stock above $14.30 per share, a price agreed upon by the two parties.  Each right represents the right to be paid the appreciation in the value of one share of stock above $14.30.  Ten percent of the rights (16,500 rights) vested immediately and the remaining rights vest at the rate of 16,500 per year beginning in January 2013.  As of December 31, 2014,  49,500 rights had vested.  The SAR Agreement provides for the cash payment of the excess of the fair market value of Canterbury Park Holding Corporation’s common stock price on the date of exercise over the grant price.  SARs have no effect on dilutive shares or shares outstanding as any appreciation of the Company’s common stock value over the grant price is paid in cash and not in common stock.  The SAR Agreement and all rights granted expire on December 31, 2022.
The fair value of SARs is revalued (mark-to-market) each reporting period using the Black-Scholes valuation model based on the Company’s period-end stock price.  The expected term of the SARs granted is based on the contractual term.  Expected volatility is based on the historical volatility of the Company’s stock for the length of time corresponding to the expected term of the SARs.  The expected dividend yield is based on the Company’s anticipated dividend payments.  The risk-free interest rate is based on the U.S. treasury yield curve in effect as of the reporting date for the length of time corresponding to the expected term of the SARs.
The following weighted-average assumptions were used in calculating the fair value of SARs granted during the years ended December 31, 2014 and 2013, using the Black-Scholes valuation model:
			2014			2013
Expected dividend yield			0.00	%		0.00	%
Expected weighted-average volatility			52.8	%		49.5	%
Risk-free interest rate			2.04	%		2.84	%
Expected term of SARs (in years)			8.00			9.00
There were no exercises during the years ended December 31, 2014 or 2013.  The total liability of the SARs at December 31, 2014 was $499,734.
Changes to the Company’s non-vested SARs during the years ended December 31, 2014 and 2013, are as follows:
		SARs			Weighted Average Fair Value
Non-vested SARs at December 31, 2012			148,500		$	5.24
Granted			-			-
Vested			-16,500			5.03
Cancellations			-			-
Non-vested SARs at December 31, 2013			132,000		$	5.41
Granted			-			-
Vested			-16,500			4.50
Cancellations			-			-
Non-vested SARs at December 31, 2014			115,500		$	4.50

Net_Income_Per_Share_Computati

Net Income Per Share Computations	12 Months Ended
	Dec. 31, 2014
Net Income Per Share Computations [Abstract]
Net Income Per Share Computations	6.NET INCOME PER SHARE COMPUTATIONS
	The following is a reconciliation of the numerator and denominator of the net income per common share computations for the years ended December 31, 2014 and 2013:
		2014		2013
	Net income (numerator) amounts used for basic and diluted per share computations:	$	2,411,155	$	1,016,712
	Weighted average shares (denominator) of common stock outstanding:
	Basic		4,180,547		4,164,437
	Plus dilutive effect of stock options		14,406		25,052
	Diluted		4,194,953		4,189,489
	Net income per common share:
	Basic	$	0.58	$	0.24
	Diluted		0.57		0.24
	Options to purchase 90,000 shares of common stock at an average of $14.06 per share were outstanding but not included in the computation of diluted net income per share at December 31, 2014 because the options were out of the money at December 31, 2014.
	Options to purchase 104,500 shares of common stock at an average of $14.44 per share were outstanding but not included in the computation of diluted net income per share at December 31, 2013 because the options were out of the money at December 31, 2013.

General_Credit_Agreement

General Credit Agreement	12 Months Ended
	Dec. 31, 2014
General Credit Agreement [Abstract]
General Credit Agreement	7.GENERAL CREDIT AGREEMENT
	The Company has a general credit and security agreement with Bremer Bank, which provides a revolving credit line of up to $3,000,000 and expires May 4, 2015.  The Company had no borrowings under the credit line during the years ended December 31, 2014 or 2013.  The credit agreement contains certain covenants requiring the Company to maintain certain financial ratios.  The Company was in compliance with these requirements as of December 31, 2014.

Operating_Leases_And_Commitmen

Operating Leases And Commitments	12 Months Ended
	Dec. 31, 2014
Operating Leases And Commitments [Abstract]
Operating Leases And Commitments	8.OPERATING LEASES AND COMMITMENTS
	Purchase Obligations
	In March 2014, the Company entered into a seven-year agreement for with a new totalizator provider. Pursuant to the agreement, the vendor provides totalizator equipment and related software which records and processes all wagers and calculates odds and payoffs. The amounts charged to operations for totalizator expenses for the years ended December 31, 2014 and 2013 were $226,000 and $225,000, respectively.
	Operating Lease Obligations
	The Company has entered into operating leases for rental of office equipment and for track equipment to maintain the Racetrack. Amounts charged to operations under these agreements for the years ended December 31, 2014 and 2013 were $140,000 and $130,000, respectively. All such leases expire in or before February 2018.
	Future minimum operating lease payments and purchase obligations are as follows:
		Payment due by period
		Total Amount
	Obligations	Committed		2015		2016		2017		2018		2019		Thereafter
	Operating leases	$	108,300	$	49,400	$	29,200	$	27,300	$	2,400	$	-	$	-
	Purchases	$	1,376,000	$	224,000	$	226,000	$	228,000	$	230,000	$	233,000	$	235,000

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2014
Contingencies [Abstract]
Contingencies	9.CONTINGENCIES
	Canterbury Park Holding Corporation was incorporated on March 24, 1994.  On March 29, 1994, the Company acquired all the outstanding securities of Jacobs Realty, Inc. (“JRI”) from Irwin Jacobs and IMR Fund, L.P. (an investment fund for various pension plans and trusts).  JRI was merged into the Company, and the acquisition was accounted for under the purchase method of accounting whereby the acquired assets and liabilities have been recorded at the Company’s cost.  The primary asset of JRI was Canterbury Downs Racetrack and the 325 acres of surrounding land.
	On May 20, 1994, the Company adopted a plan of Reorganization pursuant to which the sole shareholder of Canterbury Park Concessions, Inc. (“CPC”), and majority shareholder of the Company, agreed to exchange his shares of CPC stock for 198,888 shares of the Company’s common stock concurrent with the closing of a public offering.  Pursuant to the Plan of Reorganization, CPC became a wholly-owned subsidiary of the Company in August 1994 when the Company completed the initial public offering of its common stock.  This reorganization was treated in a manner similar to a pooling of interests.  Net proceeds received by the Company from the public offering were approximately $4,847,000, which along with additional borrowings under the Company’s line of credit with the majority shareholder, were used to pay off the remaining notes payable from the acquisition of JRI.
	In connection with the purchase of the Racetrack, the Company entered into an Earn Out Promissory Note dated March 29, 1994.  In accordance with the Earn Out Note, if (i) off-track betting becomes legally permissible in the State of Minnesota and (ii) the Company begins to conduct off-track betting with respect to or in connection with its operations, the Company will be required to pay to the IMR Fund, L.P. the greater of $700,000 per operating year, as defined, or 20% of the net pretax profit, as defined for each of five operating years.  At this time, management believes that the likelihood that these two conditions will be met and that the Company will be required to pay these amounts is remote.  At the date (if any) that these two conditions are met, the five minimum payments will be discounted back to their present value and the sum of those discounted payments will be capitalized as part of the purchase price in accordance with generally accepted accounting principles.  The purchase price will be further increased if payments become due under the “20% of Net Pretax Profit” calculation.  The first payment is to be made 90 days after the end of the third operating year in which off-track betting is conducted by the Company.  Remaining payments would be made within 90 days of the end of each of the next four operating years.
	Additionally, the Company entered into Cooperative Marketing Agreement (the “CMA”) with the Shakopee Mdewakanton Sioux Community (“SMSC”) which became effective on June 15, 2012 and amended in January 2015.  The CMA contains certain covenants which, if breached, would trigger an obligation to repay a specified amount related to such covenant.  At this time, management believes that the likelihood that the breach of a covenant will occur and that the Company will be required to pay the specified amount related to such covenant is remote.
	In August 2012, NMHI initiated litigation against the MHBPA and the Company seeking to be relieved of its obligations to supplement purses at Canterbury Park under its Purse Supplement Agreement with the MHBPA.  The Company believed the theories asserted by NMHI in its complaint against them were without merit, and the Company and the MHBPA brought motions to dismiss NMHI’s lawsuit.  In addition, both the Company and the MHBPA moved for an order compelling arbitration of the claims in NMHI’s lawsuit, which is the only remedy permitted by the terms of the Purse Supplement Agreement. On May 2, 2013, the Fourth Judicial District Court ordered that NMHI’s claims against the Company be dismissed with prejudice.
	The Company is periodically involved in various claims and legal actions arising in the normal course of business.  Management believes that the resolution of any pending claims and legal actions at December 31, 2014 and as of the date of this report will not have a material impact on the Company’s consolidated financial positions or results of operations.
	The Company has committed to payment of statutory distributions under a $500,000 bond issued to the Minnesota Racing Commission as required by Minnesota statute. The Company was not required to make any payments related to this bond in 2014 or 2013, and there is no liability related to this bond on the balance sheet as of December 31, 2014.

RelatedParty_Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2014
Related-Party Transactions [Abstract]
Related-Party Transactions	10.RELATED-PARTY TRANSACTIONS
	The Company paid a combined total of $40,000 in 2013 to the Chairman and Vice Chairman of the Company as further director compensation for their additional responsibilities as described in consulting agreements with each individual.

Operating_Segments

Operating Segments	12 Months Ended
	Dec. 31, 2014
Operating Segments [Abstract]
Operating Segments	11.OPERATING SEGMENTS
	The Company has three reportable operating segments: horse racing, Card Casino, and concessions.  The horse racing segment primarily represents simulcast and live horse racing operations.  The Card Casino segment represents operations of Canterbury Park’s Card Casino, and the concessions segment represents food and beverage operations provided during simulcast and live racing, in the Card Casino, and during special events.  The Company’s reportable operating segments are strategic business units that offer different products and services.  They are managed separately because the segments differ in the nature of the products and services provided as well as processes to produce those products and services.  The Minnesota Racing Commission regulates the horse racing and Card Casino segments.
	Depreciation, interest expense and income taxes are allocated to the segments but no allocation is made to concessions for shared facilities.  However, the concessions segment pays approximately 25% of gross revenues earned on live racing and special event days to the horse racing segment for use of the facilities.
	The following tables provide information about the Company’s operating segments (in 000’s):
		Year Ended December 31, 2014
		Horse Racing		Card Casino		Concessions		Total
	Net revenues from external customers	$	14,460	$	27,030	$	6,980	$	48,470
	Intersegment revenues		620		-		1,381		2,001
	Net interest income		2		-		-		2
	Depreciation		1,601		422		115		2,138
	Segment (loss) income before income taxes		-433		5,238		1,018		5,823
		At December 31, 2014
	Segment Assets	$	37,606	$	1,217	$	15,595	$	54,418
		Year Ended December 31, 2013
		Horse Racing		Card Casino		Concessions		Total
	Net revenues from external customers	$	14,704	$	25,545	$	6,487	$	46,736
	Intersegment revenues		635		-		1,499		2,134
	Net interest income		3		-		-		3
	Depreciation		1,198		540		124		1,862
	Segment (loss) income before income taxes		-2,138		4,654		524		3,040
		At December 31, 2013
	Segment Assets	$	34,870	$	1,640	$	13,845	$	50,355
	The following are reconciliations of reportable segment revenues, income before income taxes, and assets, to the Company’s consolidated totals for the years ended December 31, 2014 and 2013 (in 000’s):
		2014		2013
	Revenues
	Total net revenue for reportable segments	$	50,471	$	48,870
	Elimination of intersegment revenues		-2,001		-2,134
	Total consolidated net revenues	$	48,470	$	46,736
	Income before income taxes
	Total segment income before income taxes	$	5,823	$	3,040
	Elimination of intersegment income before income taxes		-1,721		-1,304
	Total consolidated income before income taxes	$	4,102	$	1,736
		December 31,		December 31,
		2014		2013
	Assets
	Total assets for reportable segments	$	54,418	$	50,355
	Elimination of intercompany receivables		-14,922		-13,242
	Total consolidated assets	$	39,496	$	37,113

Supplementary_Financial_Inform

Supplementary Financial Information	12 Months Ended
	Dec. 31, 2014
Supplementary Financial Information [Abstract]
Supplementary Financial Information	12.SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED)
		2014 Quarter Ended
		31-Mar	30-Jun	30-Sep	31-Dec
	Net revenues	$	$	$	$
		9,374,454	13,784,714	15,046,958	10,263,711
	Operating expenses	8,681,623	13,032,832	13,982,105	8,673,352
	Net income	406,007	442,934	623,306	938,908
	Basic net income per share	0.10	0.11	0.15	0.22
	Diluted net income per share	0.10	0.11	0.15	0.22
		2013 Quarter Ended
		31-Mar	30-Jun	30-Sep	31-Dec
	Net revenues	$	$	$	$
		9,144,568	13,280,950	14,274,459	10,036,460
	Operating expenses	8,638,940	12,948,626	13,999,754	9,415,308
	Net income	291,081	193,248	170,503	361,880
	Basic net income per share	0.07	0.05	0.04	0.09
	Diluted net income per share	0.07	0.05	0.04	0.09

Cooperative_Marketing_Agreemen

Cooperative Marketing Agreement	12 Months Ended
	Dec. 31, 2014
Cooperative Marketing Agreement [Abstract]
Cooperative Marketing Agreement	13. COOPERATIVE MARKETING AGREEMENT
	On June 4, 2012, the Company entered into the CMA with the SMSC.  The primary purpose of the CMA is to increase purses paid during live horse racing at Canterbury Park’s Racetrack in order to strengthen Minnesota’s horse industry.  Under the CMA, this is achieved through “Purse Enhancement Payments to Horsemen” paid directly to the MHBPA.  Such payments have no direct impact on the Company’s consolidated financial statements or operations.
	Under the terms of the CMA, the SMSC paid the horsemen $5.8 million and $5.3 million for purse enhancements for the years ended December 31, 2014 and 2013, respectively.
	Under the CMA, SMSC also agreed to make “Marketing Payments” to the Company relating to joint marketing efforts for the mutual benefit of the Company and SMSC, including signage, joint promotions, player benefits and events.  Under the CMA, the SMSC paid the Company $660,000 and $600,000 for marketing purposes for the years ended December 31, 2014 and 2013, respectively.
	Effective January 2015, the CMA was amended to adjust the payment amounts between the “Purse Enhancement Payments to Horsemen” and “Marketing Payments to Canterbury Park.”  Under the CMA as amended, SMSC agreed to make the following purse enhancement and marketing payments for 2015 through 2022:
	Year	Purse Enhancement Payments to Horsemen		1	Marketing Payments to Canterbury Park
	2015	$	6,316,200		$	943,800
	2016		6,947,820			1,038,180
	2017		7,642,602			1,141,998
	2018		7,830,000			1,170,000
	2019		7,830,000			1,170,000
	2020		7,830,000			1,170,000
	2021		7,830,000			1,170,000
	2022		7,830,000			1,170,000
	1  - Includes $100,000 each year to various horsemen associations
	The amounts earned from the marketing payments are recorded as a component of other revenue and the related expenses are recorded as a component of advertising and marketing expense and depreciation in the Company’s consolidated statements of operations.  For the year ended December 31, 2014, the Company recorded $824,842 in other revenue and incurred $608,309 in advertising and marketing expense and $216,533 in depreciation related to the SMSC marketing payment.  For the year ended December 31, 2013, the Company recorded $595,628 in other revenue and incurred $490,072 in advertising and marketing expense and $105,556 in depreciation related to the SMSC marketing payment.  The excess of amounts received over revenue is reflected as deferred revenue which is included in accounts payable on the consolidated balance sheets.
	Under the CMA, the Company agreed it would not promote or lobby the Minnesota legislature for expanded gambling authority and will support the SMSC’s lobbying efforts against expanding gambling authority.
	As part of the CMA and pursuant to a related SAR Agreement dated June 14, 2012, the Company issued stock appreciation rights to the SMSC.  The SAR Agreement granted rights to the SMSC to benefit from the appreciation in the value of 165,000 shares of Company common stock above $14.30 per share, a price agreed upon by the two parties.  Each right represents the right to be paid the appreciation in the value of one share of stock above $14.30.  Ten percent of the rights (16,500 rights) vested immediately and the remaining rights vest at the rate of 16,500 per year beginning in January 2013.  As of December 31, 2014, 49,500 rights had vested.   The SAR Agreement provides for the cash payment of the excess of the fair market value of Canterbury Park Holding Corporation’s common stock price on the date of exercise over the grant price.  The SAR Agreement and all rights granted expire on December 31, 2022.  The liability related to these stock appreciation rights is recorded as a long-term liability and the Company recognizes the income or expense related to the fluctuation in the value of the stock appreciation rights against the revenues recorded relating to the marketing payment due to the nature of the CMA.  Any excess expenses will be recognized as a component of other operating expenses. For the year ended December 31, 2014, the Company recognized $32,354 of expense related to these stock appreciation rights, of which $32,354 was recorded as an offset to other revenue.   For the year ended December 31, 2013, the Company recognized $227,592 of expense related to these stock appreciation rights, of which $227,592 was recorded as an offset to other revenue.  In the future, changes in the fair value of these stock appreciation rights will increase or decrease the stock appreciation rights liability, and the Company will recognize an additional offset to other revenue and/or other operating expenses related to these changes.

Insurance_Recoveries

Insurance Recoveries	12 Months Ended
	Dec. 31, 2014
Insurance Recoveries [Abstract]
Insurance Recoveries	14.INSURANCE RECOVERIES
	During 2014, the Company incurred damage to buildings from multiple severe storms at the Racetrack and received $988,000 in total insurance proceeds. As of December 31, 2014, the Company recognized a $958,000 insurance recoveries gain in the Consolidated Statements of Operations as “Gain on insurance recoveries”.  The storms did not cause any material interruptions to the business or impact on the Company’s consolidated financial results of operations. Based on future events, the Company may receive additional insurance proceeds.  The Company has concluded that these additional funds represent contingent gains and have not, in accordance with U.S. GAAP, accounted for them in the Company’s 2014 consolidated financial statements.

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2014
Summary Of Significant Accounting Policies [Abstract]
Business	Business – Canterbury Park Holding Corporation (the “Company”) was incorporated on March 24, 1994 and conducts pari-mutuel wagering operations and hosts “unbanked” card games at its Canterbury Park Racetrack and Card Casino facility (the “Racetrack”) in Shakopee, Minnesota.
	The Company’s pari-mutuel wagering operations include both wagering on thoroughbred and quarter horse races during live meets at the Racetrack each year from May until September and year-round wagering on races held at out-of-state racetracks that are televised simultaneously at the Racetrack (“simulcasting”).  Unbanked card games, in which patrons compete against each other, are hosted in the Card Casino at the Racetrack.  The Card Casino operates 24 hours a day, seven days a week.  The Card Casino offers both poker and table games at up to 80 tables.   The Company also derives revenues from related services and activities, such as concessions, parking, advertising signage, publication sales and from other entertainment events and activities held at the Racetrack.
	The consolidated financial statements include the accounts of the Company, Canterbury Park Concessions, Inc. (CPC), and Shakopee Valley RV Park Acquisition Company, LLC after elimination of intercompany accounts and transactions.
Revenue Recognition	Revenue Recognition – The Company’s revenues are derived primarily from the operations of a Card Casino, pari-mutuel wagering on simulcast and live horse races, concession sales, and related activities.  Collection revenue from Card Casino operations, a set percentage of wagers, is recognized at the time that the wagering process is complete.  Pari-mutuel revenues are recognized upon occurrence of the live race that is presented for wagering and after that live race is made official by the respective state’s racing regulatory body.  Revenues related to concession and publication sales and parking and admission fees are recognized as revenue when the service has been performed or the product has been delivered.  All sales taxes are presented on a net basis and are excluded from revenue.
Estimates	Estimates – The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents – Cash and cash equivalents include all investments with original maturities of three months or less or which are readily convertible into known amounts of cash and are not legally restricted.  The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.
Restricted Cash	Restricted Cash – Restricted cash represents refundable deposits and amounts due to horsemen for purses, stakes and awards, and amounts accumulated in card game progressive jackpot pools, the player pool and poker promotional fund to be used to repay card players in the form of promotions, giveaways, prizes, or by other means.
Short-Term Investments	Short-term Investments – Securities are classified as held to maturity when the Company has the positive intent and ability to hold them to maturity, and are measured at amortized cost.  At December 31, 2014 and 2013, all investments were classified as held-to-maturity.  The Company continually reviews its investments to determine whether a decline in fair value below the cost basis is other than temporary.  If the decline in fair value is judged to be other than temporary, the cost basis of the security is written down to fair value and the amount of the write-down is included in earnings.  Short-term investments consist of certificates of deposit at December 31, 2014 and 2013.  Amortized cost approximated fair value for both periods.
Accounts Receivable	Accounts Receivable – Accounts receivable are initially recorded for amounts due from other tracks for simulcast revenue, net of amounts due to other tracks, and for amounts due from customers related to special events.  Credit is granted in the normal course of business without collateral.  Accounts receivable are stated net of allowances for doubtful accounts, which represent estimated losses resulting from the inability of customers to make the required payments.  Accounts that are outstanding longer than the contractual terms are considered past due.  When determining the allowances for doubtful accounts, the Company takes several factors into consideration including the overall composition of the accounts receivable aging, its prior history of accounts receivable write-offs, the type of customers and its day-to-day knowledge of specific customers.  The Company writes off accounts receivable when they become uncollectible.  Changes in the allowances for doubtful accounts are recorded as bad debt expense and are included in other operating expenses in the Company’s consolidated statements of operations.
Inventory	Inventory – Inventory consists primarily of food and beverages, small wares and supplies and retail goods and is recorded at the lower of cost (first-in, first-out) or market.
Unredeemed Pari-Mutuel Tickets	Unredeemed Pari-mutuel Tickets – The Company records a liability for winning tickets and vouchers upon the completion of a race and when a voucher is printed, respectively.  As uncashed winning tickets and vouchers are redeemed, this liability is reduced for the respective cash payment.  The Company recognizes revenue associated with the uncashed winning tickets and vouchers when the likelihood of redemption, based on historical experience, is remote.  While the Company continues to honor all winning tickets and vouchers presented for payment, management may determine the likelihood of redemption to be remote due to the length of time that has elapsed since the ticket was issued.  In these circumstances, if management also determines there is no requirement for remitting balances to government agencies under unclaimed property laws, uncashed winning tickets and vouchers may then be recognized as revenue in the Company’s consolidated statements of operations.
	During 2013, the Company reevaluated the likelihood of redemption relating to outstanding vouchers and through this assessment, the Company decreased the projected redemption rate.  The Company has determined that this adjustment to the likelihood of redemption relating to vouchers is a change in accounting estimate and has accounted for the change prospectively; i.e. the accounting change impacts interim reporting periods within fiscal year 2013 and future periods.  For the year ended December 31, 2013, the change in accounting estimate decreased the Company’s liability for outstanding pari-mutuel vouchers and increased pari-mutuel revenue in its consolidated statements of operations for the period by approximately $412,286 (pre-tax difference), increasing income from operations by this amount as well.  Net income increased approximately $239,150 (after taking income taxes into account), or by approximately $0.06 net income per basic and diluted common share.
Promotional Allowances	Promotional Allowances – The Company offers certain promotional allowances at no charge to patrons who participate in its player rewards program.  The retail value of these promotional items is shown as a deduction from total revenues on the Company’s consolidated statements of operations.
Due to Minnesota Horsemen's Benevolent and Protective Association, Inc. ("MHBPA")	Due to Minnesota Horsemen’s Benevolent and Protective Association, Inc. (“MHBPA”) – The Minnesota Pari-mutuel Horse Racing Act specifies that the Company is required to segregate a portion of funds (recorded as purse expense in the statements of operations), received from Card Casino operations and wagering on simulcast and live horse races, for future payment as purses for live horse races or other uses of the horsepersons’ associations.  Pursuant to an agreement with the MHBPA, the Company transferred into a trust account or paid directly to the MHBPA, approximately $5,850,000 and $6,325,000 for the years ended December 31, 2014 and 2013, respectively, related to thoroughbred races.  Minnesota Statutes specify that amounts transferred into the trust account are the property of the trust and not of the Company.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets – Management of the Company periodically reviews the carrying value of property and equipment for potential impairment by comparing the carrying value of these assets with their related expected undiscounted future net cash flows.  Should the sum of the related expected future net cash flows be less than the carrying value, management will determine whether an impairment loss should be recognized.  An impairment loss would be measured by the amount by which the carrying value of the asset exceeds the fair value of the asset.  Management has determined that no impairment of these assets exists at December 31, 2014.
Advertising and Marketing	Advertising and Marketing – Advertising and marketing costs are charged to expense as incurred.  The related amounts are presented separately in the Company’s consolidated statements of operations.
Land, Buildings, and Equipment	Land, Buildings, and Equipment – Land, buildings, equipment, and building improvements are capitalized at a level of $1,000 or greater and are recorded at cost.  Repair and maintenance costs are charged to operations when incurred.  Furniture, fixtures, and equipment are depreciated using the straight-line method over estimated useful lives ranging from 5 – 7 years, while buildings are depreciated over 15 – 39 years.  Building improvements are amortized using the straight-line method over the useful life of the assets.
Card Casino Accruals	Card Casino Accruals – Minnesota law allows the Company to collect amounts from patrons to fund progressive jackpot pools in the Card Casino.  These amounts, along with amounts earned by the player pool, promotional pools, and the outstanding chip liability, are accrued as short-term liabilities at each balance sheet date.
Income Taxes	Income Taxes – Income taxes are accounted for under the asset and liability method.  Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to reverse.
	The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority.
	Interest and penalties associated with uncertain income tax positions are presented in income tax expense.  For the years ended December 31, 2014 and 2013, the Company did not recognize any expense related to interest and penalties.
Net Income Per Share	Net Income Per Share – Basic net income per common share is based on the weighted average number of common shares outstanding during each year.  Diluted net income per common share takes into effect the dilutive effect of potential common shares outstanding.  The Company’s only potential common shares outstanding are stock options.
Fair Values of Financial Instruments	Fair Values of Financial Instruments – Due to the current classification of all financial instruments of the Company and given the short-term nature of the related account balances, carrying amounts reported in the consolidated balance sheets approximate fair value.
Stock-Based Employee Compensation	Stock-Based Employee Compensation – The Company accounts for share-based compensation awards on a fair value basis. The estimated grant date fair value of each stock-based award is recognized as expense over the requisite service period (generally the vesting period).  The estimated fair value of each option is calculated using the Black-Scholes option-pricing model. For more information on the Company’s stock-based compensation plans, see Note 5.
Recent Accounting Pronouncement	Recent Accounting Pronouncement – In August 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-15, Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern, which explicitly requires management to assess an entity's ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. Management will be required to assess, in each interim and annual period, if there is substantial doubt of an entity's ability to continue as a going concern as evidenced by relevant known or knowable conditions including an entity's ability to meet its future obligations. Management will be required to provide disclosures regardless of whether substantial doubt is alleviated by management's plans. The guidance will become effective for annual fiscal periods ending after December 15, 2016.
	In May, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). ASU 2014-09 is a new comprehensive standard for revenue recognition that is based on the core principle that revenue be recognized in a manner that depicts the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance implements a five-step process for customer contract revenue recognition. The guidance also requires enhanced disclosures relating to the nature, amount, timing, and uncertainty of revenues and cash flows arising from contracts with customers. This new guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, and early adoption is prohibited. Entities can transition to the new guidance either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is evaluating the impact of the amended revenue recognition guidance on the Company’s consolidated financial statements but does not believe it will have a significant impact.

Land_Buildings_And_Equipment_T

Land, Buildings And Equipment (Tables)	12 Months Ended
	Dec. 31, 2014
Land, Buildings And Equipment [Abstract]
Land, Buildings And Equipment, At Cost
		2014		2013
	Land	$	6,673,076	$	6,673,076
	Buildings and building improvements		26,522,813		22,107,644
	Furniture and equipment		18,890,728		18,663,552
			52,086,617		47,444,272
	Accumulated depreciation		-24,010,738		-22,314,286
		$	28,075,879	$	25,129,986

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Taxes [Abstract]
Reconciliation Of Effective Tax Rate
		2014		2013
	Federal tax expense at statutory rates	$	1,394,793	$	587,367
	Nondeductible lobbying expense		29,518		29,115
	State expense, net of federal impact		280,263		128,146
	Stock option expense		-364		12,465
	Other		-13,033		-37,312
		$	1,691,177	$	719,781
Income Tax Expense (Benefit)
		2014		2013
	Current
	Federal	$	1,070,360	$	179
	State		307,117		156,002
			1,377,477		156,181
	Deferred, primarily Federal		313,700		563,600
		$	1,691,177	$	719,781
Deferred Tax Assets And Liabilities
		2014		2013
	Deferred tax assets
	Vacation accrual	$	73,300	$	68,400
	Player rewards program accrual		202,100		269,600
	Stock options and stock appreciation rights		404,300		339,300
	Total deferred tax assets	$	679,700	$	677,300
	Deferred tax liabilities
	Tax depreciation greater than book depreciation	$	-2,254,200	$	-1,961,400
	Deferred gain on sale of land		-104,000		-104,000
	Other		-28,000		-4,700
	Total deferred tax liabilities	$	-2,386,200	$	-2,070,100

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2014
Stock-Based Compensation [Abstract]
Stock Options Activity
			2014						2013
						Weighted						Weighted
						Average						Average
			Number of			Exercise			Number of			Exercise
			Shares			Price			Shares			Price
	Outstanding at beginning of year			271,752		$	9.99			292,267		$	10.13
	Granted			-			-			-			-
	Exercised			-2,000			6.57			-5,515			7.14
	Expired/Forfeited			-14,500			16.78			-15,000			13.86
	Outstanding at end of year			255,252		$	9.63			271,752		$	9.99
	Options exercisable at end of year			255,252		$	9.63			272,142		$	9.99
Stock Options By Exercise Price Range
				Options Outstanding										Options Exercisable
						Weighted			Weighted							Weighted
						Average			Average			Aggregate				Average		Aggregate
	Range of			Number		Life			Exercise			Intrinsic		Number		Exercise		Intrinsic
	Exercise Price			Outstanding		Remaining			Price			Value		Exercisable		Price		Value
	$	6.00 - 7.05		88,002		4.4		$	6.23		$	119,962		88,002	$	6.23	$	119,962
	$	8.28 - 9.15		77,250		5.2		$	8.34			291,878		77,250	$	8.34		291,878
	$	11.35 - 14.55		75,000		2.7		$	13.45			-		75,000	$	13.45		-
	$	16.68 - 17.25		15,000		0.1		$	17.1			-		15,000	$	17.1		-
		Total		255,252		3.9		$	9.63		$	411,840		255,252	$	9.63	$	411,840
Summary Of Changes In Restricted Stock
						Weighted
						Average
			Restricted			Fair Value
			Stock			Per Share
	Non-Vested Balance, December 31, 2012			11,820		$	12.69
	Granted			18,290			10.52
	Vested			-11,820			12.69
	Forfeited			-			-
	Non-Vested Balance, December 31, 2013			18,290		$	10.52
	Granted			13,040			10.61
	Vested			-18,290			10.52
	Forfeited			-			-
	Non-Vested Balance, December 31, 2014			13,040		$	10.61
Summary Of Changes In Employee Deferred Stock Award Grants
						Weighted
						Average
			Deferred			Fair Value
			Stock			Per Share
	Non-Vested Balance, December 31, 2012			20,500		$	9.84
	Granted			2,000			10.10
	Vested			-4,375			9.84
	Forfeited			-2,000			9.84
	Non-Vested Balance, December 31, 2013			16,125		$	9.87
	Granted			23,000			10.46
	Vested			-4,375			9.84
	Forfeited			-			-
	Non-Vested Balance, December 31, 2014			34,750		$	10.27
Stock Appreciation Rights Valuation Assumptions
				2014			2013
	Expected dividend yield			0.00	%		0.00	%
	Expected weighted-average volatility			52.8	%		49.5	%
	Risk-free interest rate			2.04	%		2.84	%
	Expected term of SARs (in years)			8.00			9.00
Stock Appreciation Rights Award Activity
			SARs			Weighted Average Fair Value
	Non-vested SARs at December 31, 2012			148,500		$	5.24
	Granted			-			-
	Vested			-16,500			5.03
	Cancellations			-			-
	Non-vested SARs at December 31, 2013			132,000		$	5.41
	Granted			-			-
	Vested			-16,500			4.50
	Cancellations			-			-
	Non-vested SARs at December 31, 2014			115,500		$	4.50

Net_Income_Per_Share_Computati1

Net Income Per Share Computations (Tables)	12 Months Ended
	Dec. 31, 2014
Net Income Per Share Computations [Abstract]
Schedule Of Earnings Per Share Reconciliation
		2014		2013
	Net income (numerator) amounts used for basic and diluted per share computations:	$	2,411,155	$	1,016,712
	Weighted average shares (denominator) of common stock outstanding:
	Basic		4,180,547		4,164,437
	Plus dilutive effect of stock options		14,406		25,052
	Diluted		4,194,953		4,189,489
	Net income per common share:
	Basic	$	0.58	$	0.24
	Diluted		0.57		0.24

Operating_Leases_And_Commitmen1

Operating Leases And Commitments (Tables)	12 Months Ended
	Dec. 31, 2014
Operating Leases And Commitments [Abstract]
Schedule Of Future Minimum Operating Lease Payments And Purchase Obligations
		Payment due by period
		Total Amount
	Obligations	Committed		2015		2016		2017		2018		2019		Thereafter
	Operating leases	$	108,300	$	49,400	$	29,200	$	27,300	$	2,400	$	-	$	-
	Purchases	$	1,376,000	$	224,000	$	226,000	$	228,000	$	230,000	$	233,000	$	235,000

Operating_Segments_Tables

Operating Segments (Tables)	12 Months Ended
	Dec. 31, 2014
Operating Segments [Abstract]
Schedule Of The Company's Operating Segments
		Year Ended December 31, 2014
		Horse Racing		Card Casino		Concessions		Total
	Net revenues from external customers	$	14,460	$	27,030	$	6,980	$	48,470
	Intersegment revenues		620		-		1,381		2,001
	Net interest income		2		-		-		2
	Depreciation		1,601		422		115		2,138
	Segment (loss) income before income taxes		-433		5,238		1,018		5,823
		At December 31, 2014
	Segment Assets	$	37,606	$	1,217	$	15,595	$	54,418
		Year Ended December 31, 2013
		Horse Racing		Card Casino		Concessions		Total
	Net revenues from external customers	$	14,704	$	25,545	$	6,487	$	46,736
	Intersegment revenues		635		-		1,499		2,134
	Net interest income		3		-		-		3
	Depreciation		1,198		540		124		1,862
	Segment (loss) income before income taxes		-2,138		4,654		524		3,040
		At December 31, 2013
	Segment Assets	$	34,870	$	1,640	$	13,845	$	50,355
Reconciliation Of Revenues
		2014		2013
	Revenues
	Total net revenue for reportable segments	$	50,471	$	48,870
	Elimination of intersegment revenues		-2,001		-2,134
	Total consolidated net revenues	$	48,470	$	46,736
Reconciliation Of Income Before Income Taxes
	Income before income taxes
	Total segment income before income taxes	$	5,823	$	3,040
	Elimination of intersegment income before income taxes		-1,721		-1,304
	Total consolidated income before income taxes	$	4,102	$	1,736
Reconciliation Of Assets
		December 31,		December 31,
		2014		2013
	Assets
	Total assets for reportable segments	$	54,418	$	50,355
	Elimination of intercompany receivables		-14,922		-13,242
	Total consolidated assets	$	39,496	$	37,113

Supplementary_Financial_Inform1

Supplementary Financial Information (Tables)	12 Months Ended
	Dec. 31, 2014
Supplementary Financial Information [Abstract]
Schedule Of Supplementary Financial Information
		2014 Quarter Ended
		31-Mar	30-Jun	30-Sep	31-Dec
	Net revenues	$	$	$	$
		9,374,454	13,784,714	15,046,958	10,263,711
	Operating expenses	8,681,623	13,032,832	13,982,105	8,673,352
	Net income	406,007	442,934	623,306	938,908
	Basic net income per share	0.10	0.11	0.15	0.22
	Diluted net income per share	0.10	0.11	0.15	0.22
		2013 Quarter Ended
		31-Mar	30-Jun	30-Sep	31-Dec
	Net revenues	$	$	$	$
		9,144,568	13,280,950	14,274,459	10,036,460
	Operating expenses	8,638,940	12,948,626	13,999,754	9,415,308
	Net income	291,081	193,248	170,503	361,880
	Basic net income per share	0.07	0.05	0.04	0.09
	Diluted net income per share	0.07	0.05	0.04	0.09

Cooperative_Marketing_Agreemen1

Cooperative Marketing Agreement (Tables)	12 Months Ended
	Dec. 31, 2014
Cooperative Marketing Agreement [Abstract]
Purse Enhancement And Marketing Payments
	Year	Purse Enhancement Payments to Horsemen		1	Marketing Payments to Canterbury Park
	2015	$	6,316,200		$	943,800
	2016		6,947,820			1,038,180
	2017		7,642,602			1,141,998
	2018		7,830,000			1,170,000
	2019		7,830,000			1,170,000
	2020		7,830,000			1,170,000
	2021		7,830,000			1,170,000
	2022		7,830,000			1,170,000
	1  - Includes $100,000 each year to various horsemen associations

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
									item
Summary Of Significant Accounting Policies [Line Items]
Casino open, number of hours daily									24 hours
Casino open, number of days weekly									7 days
Minnesota State law, maximum number of game tables									80
Pari-mutuel Revenue									$10,193,239	$11,179,285
Income From Operations									4,099,925	1,733,809
Net income	938,908	623,306	442,934	406,007	361,880	170,503	193,248	291,081	2,411,155	1,016,712
Due to Minnesota Horsemen's Benevolent and Protective Association, Inc.									5,850,000	6,325,000
Property, plant and equipment, minimum cost capitalization									1,000
Restatement Adjustment [Member]
Summary Of Significant Accounting Policies [Line Items]
Liability for outstanding pari-mutuel vouchers										-412,286
Pari-mutuel Revenue										412,286
Income From Operations										412,286
Net income										$239,150
Earnings per basic and diluted common share										$0.06
Minimum [Member] | Furniture, Fixtures And Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life									5 years
Minimum [Member] | Building [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life									15 years
Maximum [Member] | Furniture, Fixtures And Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life									7 years
Maximum [Member] | Building [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life									39 years

Land_Buildings_And_Equipment_D

Land, Buildings And Equipment (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Gross	$52,086,617	$47,444,272
Accumulated depreciation	-24,010,738	-22,314,286
Net	28,075,879	25,129,986
Land [Member]
Property, Plant and Equipment [Line Items]
Gross	6,673,076	6,673,076
Building And Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross	26,522,813	22,107,644
Furniture And Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross	$18,890,728	$18,663,552

Income_Taxes_Reconciliation_Of

Income Taxes (Reconciliation Of Effective Tax Rate) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Taxes [Abstract]
Federal tax expense at statutory rates	$1,394,793	$587,367
Nondeductible lobbying expense	29,518	29,115
State expense, net of federal impact	280,263	128,146
Stock option expense	-364	12,465
Other	-13,033	-37,312
Income tax expense (benefit)	$1,691,177	$719,781

Income_Taxes_Income_Tax_Expens

Income Taxes (Income Tax Expense (Benefit)) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Taxes [Abstract]
Current, Federal	$1,070,360	$179
Current, State	307,117	156,002
Current, Total	1,377,477	156,181
Deferred, primarily Federal	313,700	563,600
Income tax expense (benefit)	$1,691,177	$719,781

Income_Taxes_Deferred_Tax_Asse

Income Taxes (Deferred Tax Assets And Liabilities) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Income Taxes [Abstract]
Vacation accrual	$73,300	$68,400
Player rewards program accrual	202,100	269,600
Stock options and stock appreciation rights	404,300	339,300
Total deferred tax assets	679,700	677,300
Tax depreciation greater than book depreciation	-2,254,200	-1,961,400
Deferred gain on sale of land	-104,000	-104,000
Other	-28,000	-4,700
Total deferred tax liabilities	($2,386,200)	($2,070,100)

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Aug. 24, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares repurchased, value		$7,509
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum hours per week required to participate in ESPP	15 hours
Period of intervals after which common stock may be purchased by employees	3 months
Percentage of fair market value of common stock purchased at by employees	90.00%
Number of shares purchased by employees under Employee Stock Purchase Plan	8,380	7,212
Shares issued for Employee Stock Purchase Plan	268,331
Shares available under plan	350,000
KSOP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of service required to be eligible for KSOP	6 months
Employer contributions to 401(k) plan	154,000	134,000
Stock Repurchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized for repurchase			100,000
Shares repurchased	0	809
Shares repurchased, price per share		$9.28
Shares repurchased, value		$7,509

StockBased_Compensation_Narrat

Stock-Based Compensation (Narrative) (Details) (USD $)	0 Months Ended	12 Months Ended
	Jun. 14, 2012	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		$217,000	$270,000
Number of options granted
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available under plan		1,450,000
Share-based compensation shares available for grant		159,100
Share-based compensation, expiration period		10 years
Period options become exercisable		4 years
Outstanding and exercisable options grant date fair value		908,000	1,063,000
Outstanding and exercisable options weighted average remaining contractual term		3 years 10 months 24 days
Number of options granted		0	0
Fair value of options exercised		3,500	13,000
Total income tax expense (benefit) for stock-based compensation arrangements		-8,000	2,000
Employee Deferred Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, other than options granted		23,000	2,000
Share-based compensation, vesting period		4 years
Unrecognized compensation costs		365,000
Recognition period for unrecognized compensation costs		2 years 2 months 12 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock, percentage that will vest		100.00%
Share-based compensation, vesting period		1 year
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		32,354	227,592
Share-based compensation, other than options granted	165,000
Benefit from appreciation in the value of common stock, per share	$14.30
Number of shares of stock each right represents	1
Percentage of the Rights vested	10.00%
Number of the Rights vested	16,500	49,500
Number of remaining Rights vest per year	16,500	16,500
Exercised, SARs		0	0
Total liability of SARs vested		$499,734

StockBased_Compensation_Stock_

Stock-Based Compensation (Stock Options Activity) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Stock-Based Compensation [Abstract]
Outstanding at beginning of year, Number of Shares	271,752	292,267
Granted, Number of Shares
Exercised, Number of Shares	-2,000	-5,515
Expired/Forfeited, Number of Shares	-14,500	-15,000
Outstanding at end of period, Number of Shares	255,252	271,752
Exercisable, Number of Shares	255,252	272,142
Outstanding beginning of year, Weighted Average Exercise Price	$9.99	$10.13
Granted, Weighted Average Exercise Price
Exercised, Weighted Average Exercise Price	$6.57	$7.14
Expired/Forfeited, Weighted Average Exercise Price	$16.78	$13.86
Outstanding at end of period, Weighted Average Exercise Price	$9.63	$9.99
Exercisable, Weighted Average Exercise Price	$9.63	$9.99

StockBased_Compensation_Stock_1

Stock-Based Compensation (Stock Options By Exercise Price Range) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding	255,252	271,752	292,267
Weighted Average Remaining Contractual Life in Years	3 years 10 months 24 days
Weighted Average Exercise Price	$9.63	$9.99	$10.13
Options Outstanding, Aggregate Intrinsic Value	$411,840
Options Exercisable	255,252
Weighted Average Exercise Price	$9.63	$9.99
Options Exercisable, Aggregate Intrinsic Value	411,840
$6.00 - 7.05 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price Range, Lower Range Limit	$6
Exercise Price Range, Upper Range Limit	$7.05
Options Outstanding	88,002
Weighted Average Remaining Contractual Life in Years	4 years 4 months 24 days
Weighted Average Exercise Price	$6.23
Options Outstanding, Aggregate Intrinsic Value	119,962
Options Exercisable	88,002
Weighted Average Exercise Price	$6.23
Options Exercisable, Aggregate Intrinsic Value	119,962
$8.28 - 9.15 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price Range, Lower Range Limit	$8.28
Exercise Price Range, Upper Range Limit	$9.15
Options Outstanding	77,250
Weighted Average Remaining Contractual Life in Years	5 years 2 months 12 days
Weighted Average Exercise Price	$8.34
Options Outstanding, Aggregate Intrinsic Value	291,878
Options Exercisable	77,250
Weighted Average Exercise Price	$8.34
Options Exercisable, Aggregate Intrinsic Value	$291,878
$11.35 - 14.55 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price Range, Lower Range Limit	$11.35
Exercise Price Range, Upper Range Limit	$14.55
Options Outstanding	75,000
Weighted Average Remaining Contractual Life in Years	2 years 8 months 12 days
Weighted Average Exercise Price	$13.45
Options Exercisable	75,000
Weighted Average Exercise Price	$13.45
$16.68 - 17.25 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price Range, Lower Range Limit	$16.68
Exercise Price Range, Upper Range Limit	$17.25
Options Outstanding	15,000
Weighted Average Remaining Contractual Life in Years	1 month 6 days
Weighted Average Exercise Price	$17.10
Options Exercisable	15,000
Weighted Average Exercise Price	$17.10

StockBased_Compensation_Summar

Stock-Based Compensation (Summary Of Changes In Restricted Stock) (Details) (Restricted Stock [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-Vested, Beginning Balance	18,290	11,820
Stock Options, Granted	13,040	18,290
Stock Options, Vested	-18,290	-11,820
Stock Options, Forfeited
Non-Vested, Ending Balance	13,040	18,290
Non-Vested, Weighted Average Fair Value Per Share, Beginning Balance	$10.52	$12.69
Weighted Average Fair Value Per Share, Granted	$10.61	$10.52
Weighted Average Fair Value Per Share, Vested	$10.52	$12.69
Weighted Average Fair Value Per Share, Forfeited
Non-Vested, Weighted Average Fair Value Per Share, Ending Balance	$10.61	$10.52

StockBased_Compensation_Summar1

Stock-Based Compensation (Summary Of Changes In Employee Deferred Stock Award Grants) (Details) (Employee Deferred Stock Award [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Employee Deferred Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, Beginning Balance	16,125	20,500
Granted	23,000	2,000
Vested	-4,375	-4,375
Forfeited		-2,000
Non-vested, Ending Balance	34,750	16,125
Non-vested, Weighted Average Fair Value, Beginning Balance	$9.87	$9.84
Granted, Weighted Average Fair Value	$10.46	$10.10
Vested, Weighted Average Fair Value	$9.84	$9.84
Forfeited, Weighted Average Fair Value		$9.84
Non-vested, Weighted Average Fair Value, Ending Balance	$10.27	$9.87

StockBased_Compensation_Stock_2

Stock-Based Compensation (Stock Appreciation Rights Valuation Assumptions) (Details) (Stock Appreciation Rights (SARs) [Member])	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.00%	0.00%
Expected weighted-average volatility	52.80%	49.50%
Risk-free interest rate	2.04%	2.84%
Expected term of SARs (in years)	8 years	9 years

StockBased_Compensation_Stock_3

Stock-Based Compensation (Stock Appreciation Rights Award Activity) (Details) (Stock Appreciation Rights (SARs) [Member], USD $)	0 Months Ended	12 Months Ended
	Jun. 14, 2012	Dec. 31, 2014	Dec. 31, 2013
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, Beginning Balance		132,000	148,500
Granted	165,000
Vested		-16,500	-16,500
Cancellations
Non-vested, Ending Balance		115,500	132,000
Non-vested, Weighted Average Fair Value, Beginning Balance		$5.41	$5.24
Granted, Weighted Average Fair Value
Vested, Weighted Average Fair Value		$4.50	$5.03
Cancellations, Weighted Average Fair Value
Non-vested, Weighted Average Fair Value, Ending Balance		$4.50	$5.41

Net_Income_Per_Share_Computati2

Net Income Per Share Computations (Narrative) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Net Income Per Share Computations [Abstract]
Number of common stock shares to purchase under stock options	90,000	104,500
Average price of common shares under stock options	$14.06	$14.44

Net_Income_Per_Share_Computati3

Net Income Per Share Computations (Schedule Of Earnings Per Share Reconciliation) (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Net Income Per Share Computations [Abstract]
Net income (numerator) amounts used for basic and diluted per share computations	$938,908	$623,306	$442,934	$406,007	$361,880	$170,503	$193,248	$291,081	$2,411,155	$1,016,712
Weighted average shares (denominator) of common stock outstanding:
Basic									4,180,547	4,164,437
Plus dilutive effect of stock options									14,406	25,052
Diluted									4,194,953	4,189,489
Net income per common share:
Basic	$0.22	$0.15	$0.11	$0.10	$0.09	$0.04	$0.05	$0.07	$0.58	$0.24
Diluted	$0.22	$0.15	$0.11	$0.10	$0.09	$0.04	$0.05	$0.07	$0.57	$0.24

General_Credit_Agreement_Detai

General Credit Agreement (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
General Credit Agreement [Abstract]
Revolving credit line maximum borrowing amount	$3,000,000
Borrowings under credit line	$0	$0

Operating_Leases_And_Commitmen2

Operating Leases And Commitments (Narrative) (Details) (USD $)	1 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Operating Leases And Commitments [Abstract]
Length of service agreement to totalizator provider	7 years
Service agreement charges		$226,000	$225,000
Operating lease rent expense charged to operations		$140,000	$130,000

Operating_Leases_And_Commitmen3

Operating Leases And Commitments (Schedule Of Future Minimum Operating Lease Payments And Purchase Obligations) (Details) (USD $)	Dec. 31, 2014
Operating Leases And Commitments [Abstract]
Operating leases, Total Amount Committed	$108,300
Operating leases, 2015	49,400
Operating leases, 2016	29,200
Operating leases, 2017	27,300
Operating leases, 2018	2,400
Operating leases, 2019
Operating leases, Thereafter
Purchases, Total Amount Committed	1,376,000
Purchases, 2015	224,000
Purchases, 2016	226,000
Purchases, 2017	228,000
Purchases, 2018	230,000
Purchases, 2019	233,000
Purchases, Thereafter	$235,000

Contingencies_Details

Contingencies (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
	item
	acre
Contingencies [Abstract]
Area of land	325
Number of shares agreed to exchange	198,888
Proceeds from issuance Initial Public Offering	$4,847,000
Off-track betting payment to the IMR Fund, L.P., per operating year	700,000
Off-track betting payment to the IMR Fund, L.P. as percentage of net pretax profit	20.00%
Earn out note conditions	2
Number of years defined by off-track betting agreement	5 years
Minimum number of payments to IMR Fund, L.P.	5
Maximum term for first payment to be made to IMR Fund, L.P.	90 days
Maximum term for remaining payments to be made to the IMR Fund, L.P.	90 days
Remaining years, payments to the IMR Fund, L.P.	4 years
Bond face amount	$500,000

RelatedParty_Transactions_Deta

Related-Party Transactions (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Related-Party Transactions [Abstract]
Amounts paid to related parties	$40,000

Operating_Segments_Narrative_D

Operating Segments (Narrative) (Details)	12 Months Ended
	Dec. 31, 2014
	segment
Operating Segments [Abstract]
Number of reportable operating segments	3
Percent of gross concession segment revenue paid to horse racing segment	25.00%

Operating_Segments_Schedule_Of

Operating Segments (Schedule Of The Company's Operating Segments) (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Net revenues	$10,263,711	$15,046,958	$13,784,714	$9,374,454	$10,036,460	$14,274,459	$13,280,950	$9,144,568	$48,469,837	$46,736,437
Net interest income									2,000	3,000
Depreciation									2,137,778	1,861,702
Segment (loss) income before income taxes									5,823,000	3,040,000
Assets	39,495,679				37,112,632				39,495,679	37,112,632
Intersegment [Member]
Segment Reporting Information [Line Items]
Net revenues									2,001,000	2,134,000
Horse Racing [Member]
Segment Reporting Information [Line Items]
Net revenues									14,460,000	14,704,000
Net interest income									2,000	3,000
Depreciation									1,601,000	1,198,000
Segment (loss) income before income taxes									-433,000	-2,138,000
Horse Racing [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Net revenues									620,000	635,000
Card Casino [Member]
Segment Reporting Information [Line Items]
Net revenues									27,030,000	25,545,000
Depreciation									422,000	540,000
Segment (loss) income before income taxes									5,238,000	4,654,000
Concessions [Member]
Segment Reporting Information [Line Items]
Net revenues									6,980,000	6,487,000
Depreciation									115,000	124,000
Segment (loss) income before income taxes									1,018,000	524,000
Concessions [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Net revenues									1,381,000	1,499,000
Reportable Segment [Member]
Segment Reporting Information [Line Items]
Net revenues									50,471,000	48,870,000
Assets	54,418,000				50,355,000				54,418,000	50,355,000
Reportable Segment [Member] | Horse Racing [Member]
Segment Reporting Information [Line Items]
Assets	37,606,000				34,870,000				37,606,000	34,870,000
Reportable Segment [Member] | Card Casino [Member]
Segment Reporting Information [Line Items]
Assets	1,217,000				1,640,000				1,217,000	1,640,000
Reportable Segment [Member] | Concessions [Member]
Segment Reporting Information [Line Items]
Assets	$15,595,000				$13,845,000				$15,595,000	$13,845,000

Operating_Segments_Reconciliat

Operating Segments (Reconciliation Of Revenues) (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated net revenues	$10,263,711	$15,046,958	$13,784,714	$9,374,454	$10,036,460	$14,274,459	$13,280,950	$9,144,568	$48,469,837	$46,736,437
Reportable Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated net revenues									50,471,000	48,870,000
Elimination Of Intersegment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated net revenues									($2,001,000)	($2,134,000)

Operating_Segments_Reconciliat1

Operating Segments (Reconciliation Of Income Before Income Taxes) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total consolidated income before income taxes	$4,102,332	$1,736,493
Reportable Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total consolidated income before income taxes	5,823,000	3,040,000
Elimination Of Intersegment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total consolidated income before income taxes	($1,721,000)	($1,304,000)

Operating_Segments_Reconciliat2

Operating Segments (Reconciliation Of Assets) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting, Asset Reconciling Item [Line Items]
Total consolidated assets	$39,495,679	$37,112,632
Reportable Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total consolidated assets	54,418,000	50,355,000
Elimination Of Intersegment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total consolidated assets	($14,922,000)	($13,242,000)

Supplementary_Financial_Inform2

Supplementary Financial Information (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Supplementary Financial Information [Abstract]
Net revenues	$10,263,711	$15,046,958	$13,784,714	$9,374,454	$10,036,460	$14,274,459	$13,280,950	$9,144,568	$48,469,837	$46,736,437
Operating expenses	8,673,352	13,982,105	13,032,832	8,681,623	9,415,308	13,999,754	12,948,626	8,638,940	44,369,912	45,002,628
Net income	$938,908	$623,306	$442,934	$406,007	$361,880	$170,503	$193,248	$291,081	$2,411,155	$1,016,712
Basic net income per share	$0.22	$0.15	$0.11	$0.10	$0.09	$0.04	$0.05	$0.07	$0.58	$0.24
Diluted net income per share	$0.22	$0.15	$0.11	$0.10	$0.09	$0.04	$0.05	$0.07	$0.57	$0.24

Cooperative_Marketing_Agreemen2

Cooperative Marketing Agreement (Narrative) (Details) (USD $)	3 Months Ended								12 Months Ended		0 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jun. 14, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Obligation under the Agreement to enhance purses for live horse racing meet due current									$5,800,000	$5,300,000
Obligation under Agreement to support joint marketing activities due current									660,000	600,000
Revenues related to marketing payment									824,842	595,628
Advertising and marketing expenses related to marketing payment									608,309	490,072
Depreciation related to marketing payment									216,533	105,556
Stock based compensation expense									217,000	270,000
Expense recorded as an offset to revenue	10,263,711	15,046,958	13,784,714	9,374,454	10,036,460	14,274,459	13,280,950	9,144,568	48,469,837	46,736,437
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, other than options granted											165,000
Benefit from appreciation in the value of common stock, per share											$14.30
Number of shares of stock each right represents											1
Percentage of the Rights vested											10.00%
Number of the Rights vested									49,500		16,500
Number of remaining Rights vest per year									16,500		16,500
Stock based compensation expense									32,354	227,592
Expense recorded as an offset to revenue									$32,354	$227,592

Cooperative_Marketing_Agreemen3

Cooperative Marketing Agreement (Purse Enhancement And Marketing Payments) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Cooperative Marketing Agreement [Abstract]
2015, Purse Enhancement	$6,316,200
2016, Purse Enhancement	6,947,820
2017, Purse Enhancement	7,642,602
2018, Purse Enhancement	7,830,000
2019, Purse Enhancement	7,830,000
2020, Purse Enhancement	7,830,000
2021, Purse Enhancement	7,830,000
2022, Purse Enhancement	7,830,000
2015, Marketing Payment	943,800
2016, Marketing Payment	1,038,180
2017, Marketing Payment	1,141,998
2018, Marketing Payment	1,170,000
2019, Marketing Payment	1,170,000
2020, Marketing Payment	1,170,000
2021, Marketing Payment	1,170,000
2022, Marketing Payment	1,170,000
Amount to various horsemen associations included in purse enhancement payments to horsemen	$100,000

Insurance_Recoveries_Details

Insurance Recoveries (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Insurance Recoveries [Abstract]
Total insurance proceeds	$988,000
Insurance recoveries gain	$957,597