In their 28th season under head coach Robert Zuppke, the Illini compiled a 1–7 record (0–5 against conference opponents), finished in last place in the Big Ten Conference, and were outscored by a total of 144 to 71.

[1] Fullback George Bernhardt was selected as the team's most valuable player.

62 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.

[3] The team played its home games at Memorial Stadium in Champaign, Illinois.

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