Dover Motorsports, Inc. Declares Regular Quarterly Dividend

    DOVER, Del., Jan. 29 -- Dover Motorsports, Inc.
Board of Directors today declared a quarterly cash dividend on
both classes of common stock of $.01 per share.  The dividend will be payable
on March 10, 2003 to shareholders of record at the close of business on
February 10, 2003.

    Dover Motorsports, Inc. is a leading promoter of motorsports events in the
United States.  Its motorsports subsidiaries operate seven motorsports tracks
(four permanent facilities and three temporary circuits) in six states and
promote motorsports events under the auspices of four of the premier
sanctioning bodies in motorsports -- NASCAR, CART, IRL AND NHRA.  The Company
owns and operates Dover International Speedway in Dover, Delaware; Nashville
Superspeedway near Nashville, Tennessee; Gateway International Raceway near
St. Louis, Missouri; and Memphis Motorsports Park near Memphis, Tennessee.  It
also organizes and promotes the Toyota Grand Prix of Long Beach in California,
the Grand Prix of Denver in Colorado and the Grand Prix of St. Petersburg in
Florida.