Charles Hillman Brough Democratic Thomas Chipman McRae Democratic The 1920 Arkansas gubernatorial election was held on 2 November 1920, in order to elect the Governor of Arkansas.

Democratic nominee and former member of the U.S. House of Representatives from Arkansas's 3rd district Thomas Chipman McRae defeated Republican nominee Wallace Townsend.

Former member of the U.S. House of Representatives from Arkansas's 3rd district Thomas Chipman McRae received a majority of the votes (26.93%), and was thus elected as the nominee for the general election on 2 November 1920.

On election day, 2 November 1920, Democratic nominee Thomas Chipman McRae won the election by a margin of 77,287 votes against his foremost opponent Republican nominee Wallace Townsend, along with School Superintendent Josiah Blount, running on the third party "Black-and-Tan" Republican line.

Blount's candidacy was in opposition to the state party's leadership moving to a "lily-white" posture.