South Dakota State has traditionally been very successful in men's basketball. Prior to moving to Division I in 2004, the Jackrabbits were a power while in Division II.[4] The team won 20 conference championships with the North Central Conference, advanced to the NCAA Division II Tournament 24 times, and won the 1963 NCAA College Division basketball tournament. Although initially struggling after the move to Division I, the team increased their win total each season, culminating in their first 20 win season at the Division I level in 2011–2012 and advancing to their first NCAA Division I Tournament. The team has advanced to postseason play every season since then besides 2021.
On March 8, 2022, the Jackrabbits advanced to their sixth NCAA tournament with a record of 30-4, a school record. They did it on a 21 game win streak (longest in the nation) and went 21-0 against Summit League opponents, something that had never been done before in conference history.
The Jackrabbits play their home games at the 6,500-seat Frost Arena. Eric Henderson was named head coach of the Jackrabbits on March 27, 2019, after serving as associate head coach under T.J. Otzelberger, who had been named head coach at the University of Nevada-Las Vegas. The Jackrabbits have produced seven NBA draft picks including Nate Wolters, Steve Lingenfelter, and Tom Black. Cerci Mahone was picked up as a free agent and played for the Denver Nuggets.
The Jackrabbits have appeared in the NCAA Division II Tournament 24 times (known as the college division until 1974 but considered the same tournament). Their combined record is 36–23. They were National Champions in 1963, and runners-up in 1985.
All home and road games are covered on the Jackrabbit Sports Network. The broadcast range of the Jackrabbit Sports Network covers eight states (South Dakota, Minnesota, North Dakota, Iowa, Nebraska, Missouri, Kansas, and Wyoming), and consists of the following stations:
In 2023/2024, the Summit League finalized a three-year official television contract with CBS Sports Network for linear broadcasting, and partnered with Midco to launch the branded Summit League Network for direct-to-consumer viewing.