The stadium, named for former coach James L. Malone, opened in 1978 and has a seating capacity of 27,617 people.

It is located across Bayou Desiard from the main campus, the center of the school's athletic facilities.

The lower west level is a solid enclosed structure, with the ULM Athletic Training Center enclosed, and the upper level extends much higher, with the press box and luxury boxes located on top.

In 2007, ULM excavated the natural grass from Malone Stadium to install ProPlay artificial turf.

It features a hall of fame area, locker room, coaches’ offices, and patios overlooking the field.