The season consisted of five conferences: South, North, Central, West and East.

The Waverley Falcons won in the women while the Knox Raiders men defended their 2023 National title.

[7] The women's grand final saw the Central Districts Lions defeat the Forestville Eagles 79–67[22] while the men's grand final saw the Forestville Eagles defeat the South Adelaide Panthers 92–90.

[10][11][23] Taylah Levy of the Central Districts Lions was named women's grand final MVP[24][25] while Greg Mays of the Forestville Eagles was named men's grand final MVP.

[10][11][29] Alexandra Sharp of the Rockingham Flames was named women's grand final MVP[30][31] while Joel Murray of the Mandurah Magic was named men's grand final MVP.

[10][11][39] Nicole Munger of the Newcastle Falcons was named women's grand final MVP[40][41] while William Cranston-Lown of the Maitland Mustangs was named men's grand final MVP.

[45][46][47] The 2023 defending champions, the Bendigo Braves women and the Knox Raiders men, earned automatic qualification into the 2024 NBL1 National Finals.

[56] Two South Conference teams were victorious in the Championship Games for the second straight year, with the Waverley Falcons women[57][58] and Knox Raiders men being crowned NBL1 National champions.