Watertown hosted minor league home games at Riverside Park.
Watertown finished in sixth place with a 42–54 regular season record.
Playing under manager John Mokate, the Cubs finished 17.5 games behind the first place Mitchell Kernels.
When the South Dakota League folded on July 17, 1923, the Cubs ended the season with a record of 15–41 record under manager Wib Smith, placing fourth, finishing 19.5.0 games behind the first place Sioux Falls Soos.
[13][14] The Watertown Cubs played home minor league games at Riverside Park.