They are currently led by head coach Ryan Pedon and play their home games at CEFCU Arena as a member of the Missouri Valley Conference.

They have the distinction of earning the most National Invitation Tournament berths (14) without making the semifinals, and also have the longest current NCAA tournament drought (26 seasons) among Missouri Valley Conference members.

Source[3] Illinois State made the NCAA Division II men's basketball tournament five times and had a combined record of 6–7.

Source[3] Illinois State has retired only one number in program history, that of first-team All-American and Olympian Doug Collins.

On April 7, 2015, while flying home from the NCAA Tournament Final game in Indianapolis, a plane carrying Illinois State assistant coach Torrey Ward and six others crashed just outside Bloomington, Illinois, leaving no survivors.