Subsequent Events |
3 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events: On August 17, 2026, Butler National received a three-year extension of its Lottery Sports Wagering Management Contract with the Kansas Lottery, which provides for Boot Hill Casino’s management of sports wagering operations conducted through our subsidiary BHCMC, the manager of the Boot Hill Casino & Resort. The newly executed extension maintains the same material terms of the original agreement and extends Boot Hill’s management of sports wagering through 2030. In connection with the Kansas Lottery contract extension, Boot Hill Casino and DraftKings have agreed to amend and extend for ten years their sports wagering arrangement, which facilitates online and mobile sports wagering. The extension includes a reduction in the Company’s revenue-share percentage compared with the prior arrangement, consistent with current market conditions. The DraftKings agreement is subject to continuing Boot Hill Casino management authority under the agreement with the Kansas Lottery. The Company evaluated its July 31, 2026 financial statements for subsequent events through the filing date of this report. The Company is not aware of any other subsequent events that would require recognition or disclosure in the consolidated financial statements.
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