RACING VENUES (DOVER) - QUARTERLY RESULTS

Our net loss for the quarter ended March 31, 2007 was $3,560,000 or $.10 per diluted share compared with $4,393,000 or $.12 per diluted share for the compared period of the prior year.

The Company historically reports a loss in the first quarter due to the seasonality of the motorsports business. No major motorsports events were held during the first quarter of either 2007 or 2006. Track rentals and weekly drag racing events represented the majority of revenues in the first quarter of both years. For the quarter ended March 31, 2007, revenues were $882,000 compared with $801,000 in the first quarter of 2006.

Operating and marketing expenses for the quarter ended March 31, 2007 were $2,394,000 compared with $2,218,000 last year. Higher payroll and related benefit costs and utilities caused the increase in 2007.

In the quarter general and administrative expenses increased by $152,000 to $3,171,000 compared with $3,019,000 in the prior year. Most administrative expense categories experienced minor changes from the prior year, except real estate taxes, which increased by $192,000 from last year. Excluding real estate taxes, general and administrative expenses were slightly lower in the first quarter of 2007 than in the prior year.

Depreciation and amortization decreased by $854,000 in the first quarter of 2007 primarily due to the impact of an impairment charge at the Company's three Midwest facilities recorded in September 2006. Net interest expense decreased by $228,000 in the first quarter of 2007 primarily due to lower average levels of indebtedness in 2007 as compared with 2006.

Loss before income tax benefit for the quarter ended March 31, 2007 was $7,098,000 compared with $7,933,000 in the prior year. The lower loss in 2007 was largely due to lower depreciation and interest expense.

The effective income tax rate for the first quarter of 2007 was 49.8% compared with 44.6% in the prior year. This 2007 rate reflects the estimated rate for the full year. The increase in the effective tax rate from the comparable period in the prior year was due to a change in the estimated annual consolidated pre-tax earnings for 2007 as compared to 2006 and the impact of a reversal of a tax contingency accrual in 2006.

The financial condition of the Company remained strong during the first quarter of 2007. Despite the pre-tax loss in the first quarter, cash flow provided by operations was a positive $2,095,000. Capital spending was $3,004,000 in the first quarter of 2007 compared with $787,000 in the first quarter of 2006. A substantial amount of capital spending in the first quarter represented various phases of the previously announced "Monster Makeover" in Dover. Also, the Company expects to spend approximately $6.0 - 7.0 million during the remainder of the year on this project.

At March 31, 2007, the Company's indebtedness was $45,307,000 compared with $53,004,000 at March 31, 2006.

This release contains or may contain forward-looking statements based on management's beliefs and assumptions. Such statements are subject to various risks and uncertainties which could cause results to vary materially. Please refer to the Company's SEC filings for a discussion of such factors.

Dover Motorsports, Inc. is a leading promoter of motorsports events in the United States. Its motorsports subsidiaries operate four motorsports tracks in three states and promote motorsports events under the auspices of three of the premier sanctioning bodies in motorsports - NASCAR, IRL, and NHRA. The Company owns and operates Dover International Speedway in Dover, Delaware; Gateway International Raceway near St. Louis, Missouri; Memphis Motorsports Park in Memphis, Tennessee; and Nashville Superspeedway near Nashville, Tennessee.

Three Months Ended March 31, 2007 2006

Revenues: Admissions $87 $85 Event-related 784 690 Broadcasting - - Other 11 26 882 801

Expenses: Operating and marketing 2,394 2,218 General and administrative 3,171 3,019 Depreciation and amortization 1,529 2,383 7,094 7,620

Operating loss (6,212) (6,819)

Interest income 43 12 Interest expense (929) (1,126)

Loss before income tax benefit (7,098) (7,933)

Income tax benefit 3,538 3,540

Net loss $(3,560) $(4,393)

Net loss per common share: Basic $(0.10) $(0.12) Diluted $(0.10) $(0.12)

Weighted average shares outstanding: Basic 35,866 36,099 Diluted 35,866 36,099

DOVER MOTORSPORTS, INC. CONSOLIDATED BALANCE SHEETS In Thousands (Unaudited)

March 31, March 31, December 31, 2007 2006 2006

ASSETS Current assets: Cash and cash equivalents $1,312 $1,175 $298 Accounts receivable 5,209 6,512 2,935 Inventories 289 249 244 Prepaid expenses and other 4,550 3,045 1,808 Receivable from Dover Downs Gaming & Entertainment, Inc. 55 - 9 Income taxes receivable - 98 - Deferred income taxes 203 563 193 Total current assets 11,618 11,642 5,487

Property and equipment, net 153,986 219,419 152,502 Restricted cash 2,590 2,070 3,684 Other assets, net 1,175 1,139 1,261 Goodwill - 2,487 - Total assets $169,369 $236,757 $162,934

LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $838 $984 $1,938 Accrued liabilities 2,635 3,456 3,400 Payable to Dover Downs Gaming & Entertainment, Inc. - 11 - Income taxes payable 108 - 478 Current portion of long-term debt - 695 695 Deferred revenue 24,340 26,274 10,008 Current liabilities of discontinued operation - 103 - Total current liabilities 27,921 31,523 16,519

Revolving line of credit 41,100 48,100 39,000 Bonds payable 4,207 4,209 4,211 Liability for pension benefits 865 - 771 Other liabilities - 21 - Noncurrent income taxes payable 9,109 - - Deferred income taxes 15,957 45,375 28,173 Total liabilities 99,159 129,228 88,674

Stockholders' equity: Common stock 1,647 1,640 1,635 Class A common stock 1,977 1,992 1,977 Additional paid-in capital 99,496 99,946 99,412 (Accumulated deficit) retained earnings (32,175) 4,512 (28,071) Accumulated other comprehensive loss (735) (561) (693) Total stockholders' equity 70,210 107,529 74,260 Total liabilities and stockholders' equity $169,369 $236,757 $162,934

DOVER MOTORSPORTS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS In Thousands (Unaudited)

Three Months Ended March 31, 2007 2006

Operating activities: Net loss $(3,560) $(4,393) Adjustments to reconcile net loss to net cash provided by operating activities of continuing operations: Depreciation and amortization 1,529 2,383 Amortization of credit facility fees 45 63 Stock-based compensation 124 139 Deferred income taxes (3,088) (3,151) Changes in assets and liabilities: Accounts receivable (2,274) (4,146) Inventories (45) (19) Prepaid expenses and other (2,781) (1,293) Receivable from/payable to Dover Downs Gaming & Entertainment, Inc. (46) (4) Accounts payable (1,100) (493) Accrued liabilities (765) (1,965) Income taxes payable/receivable (370) (388) Deferred revenue 14,332 16,752 Other liabilities 94 (21) Net cash provided by operating activities of continuing operations 2,095 3,464 Net cash used in operating activities of discontinued operation - (41)

Investing activities: Capital expenditures (3,004) (787) Restricted cash 1,094 1,130 Net cash (used in) provided by investing activities (1,910) 343

Financing activities: Borrowings from (repayments on) revolving line of credit, net 2,100 (1,000) Repayments of bonds payable (699) (874) Dividends paid (544) (548) Repurchase of common stock (25) (1,112) Excess tax expense on stock awards (3) - Other - (10) Net cash provided by (used in) financing activities 829 (3,544)

Net increase in cash and cash equivalents 1,014 222 Cash and cash equivalents, beginning of period 298 953 Cash and cash equivalents, end of period $1,312 $1,175