Exhibit 11.1 SODAK GAMING, INC. CALCULATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE Three Three Six Six Months Ended Months Ended Months Ended Months Ended June 30, 1996 June 30, 1995 June 30, 1996 June 30, 1995 ------------- ------------- ------------- ------------- SHARES OUTSTANDING Weighted Average common shares outstanding 11,363,985 11,361,138 11,362,561 11,361,138 Adjustments for common equivalents(1) 83,090 12,648 76,420 6,324 ------------- ------------- ------------- ------------- WEIGHTED AVERAGE NUMBER OF COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING 11,447,075 11,373,786 11,438,981 11,367,462 NET EARNINGS $4,081,325 $3,056,463 $6,779,052 $4,439,305 EARNINGS PER COMMON AND COMMON EQUVALENT SHARE $ 0.36 $ 0.27 $ 0.59 $ 0.39 ==================================================================================================================================== (1) Represents adjustment computed under treasury stock method for restricted stock and stock options granted at fair market value at date of grant. 21