The Leicester and Swannington Railway had previously opened a Bagworth station in 1832.

The Midland Railway took over the line in 1845 and made a number of improvements, including replacing the original Bagworth station with a new one on 1 August 1849.

The Leicester to Burton line became part of the London Midland Region of British Railways under the transport nationalisation of 1948.

British Railways closed the station to passenger traffic on 7 September 1964.

In 2009 the Association of Train Operating Companies published a £49 million proposal (Connecting Communities: Expanding Access to the Rail Network) to restore passenger services to the line that would include reopening a station at Bagworth.