Exhibit 99.1

FOR IMMEDIATE RELEASE   Dover, Delaware, October 27, 2016 For further information, call: Timothy R. Horne – Sr. Vice President – Finance (302) 857-3292

DOVER MOTORSPORTS, INC.

REPORTS RESULTS FOR THE THIRD QUARTER OF 2016

Dover Motorsports, Inc. (NYSE: DVD) today reported results for the three months ended September 30, 2016.

The Company’s NASCAR fall race weekend in Dover was held from September 30, 2016 through October 2, 2016. The K&N Pro Series East event was held during the third quarter of 2016 while the NASCAR XFINITY Series and Sprint Cup Series races were held during the fourth quarter of 2016. The entire fall race weekend was held during the fourth quarter of 2015.

Revenues for the third quarter of 2016 were $369,000 compared with $133,000 in the third quarter of 2015. Operating and marketing expenses were $1,387,000 in the third quarter of 2016 compared to $1,140,000 in the third quarter of 2015. Both increases are primarily from the timing of the 2016 fall NASCAR race weekend.

General and administrative expenses of $1,799,000 in the third quarter of 2016 were comparable to $1,748,000 in the third quarter of 2015.

Depreciation expense decreased to $828,000 in the third quarter of 2016 compared to $1,410,000 in the third quarter of 2015. The decrease is due to the decision in early 2015 to remove certain grandstand seats and structures from service after our 2015 race season. We changed the estimated useful lives of the impacted assets resulting in a $655,000 increase in our third quarter 2015 depreciation expense.

Income from assets held for sale of $1,867,000 in the third quarter of 2015 represents non-refundable payments made to extend the closing date under a now expired agreement to sell our Nashville facility. We entered into this agreement on May 29, 2014 and after several amendments, the agreement expired by its terms on July 27, 2015.

Net interest expense of $41,000 in the third quarter of 2016 was comparable to $47,000 in the third quarter of 2015.

Loss before income taxes for the third quarter of 2016 was ($3,679,000) compared with loss before income taxes of ($2,357,000) in the third quarter of 2015. The results for the third quarter of 2015 include the $655,000 of accelerated depreciation and the $1,867,000 of income from assets held for sale. On an adjusted basis, excluding these items, loss before income taxes for the third quarter of 2015 was ($3,569,000).

Net loss for the third quarter of 2016 was ($2,167,000) or ($0.06) per diluted share compared to ($1,396,000) or ($0.04) per diluted share for the third quarter of 2015. Adjusted for the aforementioned items, net loss was ($2,221,000), or ($0.06) per diluted share, in the third quarter of 2015.

At September 30, 2016, the Company’s total indebtedness was $8,060,000 compared with $10,580,000 at September 30, 2015.

As previously announced, on August 25, 2016, we entered into a definitive agreement to sell our Nashville Superspeedway facility along with some related equipment and other assets. The agreement provides for an aggregate purchase price of $27.5 million in cash plus the assumption by the purchaser of our obligations under certain Variable Rate Tax Exempt Infrastructure Revenue Bonds issued by the Sports Authority of the County of Wilson, Tennessee. The Bonds, which have a remaining principal balance of $16,300,000, are secured by a letter of credit provided by us which will be replaced by a letter of credit provided by the potential purchaser. Closing is anticipated during the first quarter of 2017. The assets of Nashville Superspeedway are reported as assets held for sale in our consolidated balance sheet at September 30, 2016 and December 31, 2015.

The Company announced yesterday that its Board of Directors declared an annual cash dividend on both classes of common stock of $.05 per share. The dividend will be payable on December 10, 2016 to shareholders of record at the close of business on November 10, 2016. Due to the seasonal nature of our business, we will evaluate dividends annually.

* * *

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 NASCAR sanctioned motorsports events in the United States whose subsidiaries own and operate Dover International Speedway in Dover, Delaware and Nashville Superspeedway near Nashville, Tennessee. For further information, log on to dovermotorsports.com.

DOVER MOTORSPORTS, INC.

CONSOLIDATED STATEMENTS OF (LOSS) EARNINGS

In Thousands, Except Per Share Amounts

(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Revenues:
Admissions	$	82		$	—		$	3,764		$	4,212
Event-related		285			132			4,966			4,823
Broadcasting		—			—			17,022			16,486
Other		2			1			9			2
		369			133			25,761			25,523
Expenses:
Operating and marketing		1,387			1,140			16,440			15,878
General and administrative		1,799			1,748			5,573			5,499
Loss on disposal of long-lived assets		—			—			—			40
Depreciation		828			1,410			2,591			4,377
		4,014			4,298			24,604			25,794
Income from assets held for sale		—			1,867			—			2,900
Operating (loss) earnings		(3,645	)		(2,298	)		1,157			2,629
Interest expense, net		(41	)		(47	)		(166	)		(280	)
(Provision) benefit for contingent obligation		(17	)		(12	)		(73	)		90
Other income		24			—			16			1
(Loss) earnings before income taxes		(3,679	)		(2,357	)		934			2,440
Income tax benefit (expense)		1,512			961			(378	)		(946	)
Net (loss) earnings	$	(2,167	)	$	(1,396	)	$	556		$	1,494
Net (loss) earnings per common share:
Basic	$	(0.06	)	$	(0.04	)	$	0.02		$	0.04
Diluted	$	(0.06	)	$	(0.04	)	$	0.02		$	0.04
Weighted average shares outstanding:
Basic		36,216			36,157			36,238			36,155
Diluted		36,216			36,157			36,238			36,155

DOVER MOTORSPORTS, INC.

RECONCILIATION OF GAAP (LOSS) EARNINGS BEFORE INCOME TAXES

TO ADJUSTED (LOSS) EARNINGS BEFORE INCOME TAXES

AND RECONCILIATION OF GAAP NET (LOSS) EARNINGS TO ADJUSTED NET (LOSS) EARNINGS

In Thousands, Except Per Share Amounts

(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016		2015
GAAP (loss) earnings before income taxes	$	(3,679	)	$	(2,357	)	$	934	$	2,440
Accelerated depreciation (1)		25			655			184		2,039
Income from assets held for sale (2)		—			(1,867	)		—		(2,900	)
Loss on disposal of long-lived assets (3)		—			—			—		40
Adjusted (loss) earnings before income taxes	$	(3,654	)	$	(3,569	)	$	1,118	$	1,619
GAAP net (loss) earnings	$	(2,167	)	$	(1,396	)	$	556	$	1,494
Accelerated depreciation, net of income taxes (1)		15			389			109		1,211
Income from assets held for sale, net of income taxes (2)		—			(1,214	)		—		(1,886	)
Loss on disposal of long-lived assets, net of income taxes (3)		—			—			—		24
Adjusted net (loss) earnings	$	(2,152	)	$	(2,221	)	$	665	$	843
GAAP net (loss) earnings per common share - basic and diluted	$	(0.06	)	$	(0.04	)	$	0.02	$	0.04
Accelerated depreciation, net of income taxes (1)		—			0.01			—		0.03
Income from assets held for sale, net of income taxes (2)		—			(0.03	)		—		(0.05	)
Loss on disposal of long-lived assets, net of income taxes (3)		—			—			—		—
Adjusted net (loss) earnings per common share - basic and diluted	$	(0.06	)	$	(0.06	)	$	0.02	$	0.02

(1) During the first quarter of 2016, we began a renovation project of certain track related assets at our Dover International Speedway facility which will take approximately one year to complete. As a result, we shortened the service lives of these assets which resulted in accelerated depreciation being recorded in the first nine months of 2016.

During the first quarter of 2015, we made the decision to remove certain grandstand seating at our Dover International Speedway facility at the end of the 2015 race season. As a result, we shortened the service lives of these assets which resulted in accelerated depreciation being recorded in the first nine months of 2015.

(2) On May 29, 2014, we entered into an agreement to sell our Nashville Superspeedway facility. The potential buyer made several payments to us to extend the closing date of settlement. The sale agreement expired on July 27, 2015 and all payments made to us have been recognized as income from assets held for sale.

(3) Loss on disposal of long-lived assets is attributable to the decision to remove and dispose of certain grandstand seating at our Dover International Speedway facility.

The above financial information is presented using other than generally accepted accounting principles (“non-GAAP”), and is reconciled to comparable information presented using GAAP. Non-GAAP adjusted (loss) earnings before income taxes, adjusted net (loss) earnings and adjusted net (loss) earnings per common share - basic and diluted are derived by adjusting amounts determined in accordance with GAAP for the aforementioned accelerated depreciation, income from assets held for sale and loss on disposal of long-lived assets. Income taxes are based on our approximate statutory tax rates applicable to each of these items. We believe such non-GAAP information is useful and meaningful to investors, and is used by investors and us to assess core operations. This non GAAP financial information may not be comparable to similarly titled measures used by other entities and should not be considered as an alternative to (loss) earnings before income taxes, net (loss) earnings or net (loss) earnings per common share - basic and diluted, which are determined in accordance with GAAP.

DOVER MOTORSPORTS, INC.

CONSOLIDATED BALANCE SHEETS

In Thousands

(Unaudited)

	September 30, 2016			September 30, 2015			December 31, 2015
ASSETS
Current assets:
Cash	$	215		$	193		$	1
Accounts receivable		521			368			173
Inventories		16			145			72
Prepaid expenses and other		5,692			5,984			1,136
Receivable from Dover Downs Gaming & Entertainment, Inc.		—			—			44
Prepaid income taxes		1,600			1,664			1
Deferred income taxes		—			79			79
Assets held for sale		26,000			26,000			26,000
Total current assets		34,044			34,433			27,506
Property and equipment, net		53,393			54,438			53,542
Other assets		976			846			851
Deferred income taxes		—			569			549
Total assets	$	88,413		$	90,286		$	82,448
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	574		$	260		$	137
Accrued liabilities		2,804			2,701			3,215
Payable to Dover Downs Gaming & Entertainment, Inc.		44			11			—
Deferred revenue		5,314			7,104			1,278
Total current liabilities		8,736			10,076			4,630
Revolving line of credit, net		8,060			10,580			5,900
Liability for pension benefits		3,650			4,116			3,790
Provision for contingent obligation		1,800			1,723			1,727
Deferred income taxes		13,477			13,983			14,408
Total liabilities		35,723			40,478			30,455
Stockholders’ equity:
Common stock		1,829			1,822			1,822
Class A common stock		1,851			1,851			1,851
Additional paid-in capital		101,806			101,682			101,742
Accumulated deficit		(49,745	)		(52,255	)		(50,301	)
Accumulated other comprehensive loss		(3,051	)		(3,292	)		(3,121	)
Total stockholders’ equity		52,690			49,808			51,993
Total liabilities and stockholders’ equity	$	88,413		$	90,286		$	82,448

DOVER MOTORSPORTS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

In Thousands

(Unaudited)

	Nine Months Ended September 30,
	2016			2015
Operating activities:
Net earnings	$	556		$	1,494
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation		2,591			4,377
Amortization of credit facility fees		71			72
Stock-based compensation		233			256
Excess tax benefits from stock-based compensation		(27	)		—
Deferred income taxes		(328	)		(1,156	)
Provision (benefit) for contingent obligation		73			(90	)
Income from assets held for sale		—			(2,900	)
Changes in assets and liabilities:
Accounts receivable		(348	)		(229	)
Inventories		56			(75	)
Prepaid expenses and other		(4,567	)		(4,965	)
Prepaid income taxes/income taxes payable		(1,594	)		(1,481	)
Accounts payable		(82	)		149
Accrued liabilities		(411	)		(543	)
Payable to/receivable from Dover Downs Gaming & Entertainment, Inc.		88			(11	)
Deferred revenue		4,036			5,756
Liability for pension benefits		(48	)		(23	)
Net cash provided by operating activities		299			631
Investing activities:
Capital expenditures		(1,923	)		(1,357	)
Purchases of available-for-sale securities		(267	)		(18	)
Proceeds from sale of available-for-sale securities		185			14
Non-refundable payments received related to assets held for sale		—			1,200
Net cash used in investing activities		(2,005	)		(161	)
Financing activities:
Borrowings from revolving line of credit		22,500			23,460
Repayments on revolving line of credit		(20,340	)		(23,640	)
Repurchase of common stock		(189	)		(121	)
Excess tax benefits from stock-based compensation		27			—
Credit facility fees		(78	)		—
Net cash provided by (used in) financing activities		1,920			(301	)
Net increase in cash		214			169
Cash, beginning of period		1			24
Cash, end of period	$	215		$	193