Lieutenant Governor Carl Gunderson won the Republican primary unopposed.

In the general election, he faced three prominent opponents: Democratic nominee William J. Bulow, a former State Senator and Mayor of Beresford; Farmer–Labor nominee A. L. Putnam; and perennial candidate Richard O. Richards.

With the left-leaning vote split, Gunderson won the election in a landslide.

[4] The South Dakota Democratic Party's central committee met to select a replacement for Anderson on August 20, 1924.

Ultimately, William J. Bulow—a former State Senator, Union County Judge, and Mayor of Beresford—was selected by the committee as its replacement nominee.