Fifteen teams each played 66 games.
The Windsor Spitfires won the J. Ross Robertson Cup, defeating the Peterborough Petes.
Note: GP = Games played; W = Wins; L = Losses; T = Ties; GF = Goals for; GA = Goals against; PTS = Points; x = clinched playoff berth; y = clinched division title
The Kingston Raiders held the first overall pick in the 1988 Ontario Priority Selection and selected Drake Berehowsky from the Barrie Colts.
Below are the players who were selected in the first round of the 1988 Ontario Hockey League Priority Selection.