1998–99 Murray State Racers men's basketball team

The 1998–99 Murray State Racers men's basketball team represented Murray State University during the 1998–99 NCAA Division I men's basketball season. The Racers, led by first-year head coach Tevester Anderson, played their home games at the brand new Regional Special Events Center in Murray, Kentucky, as members of the Ohio Valley Conference. They finished the season 27–6, 16–2 in OVC play to win the OVC regular season title. They defeated to win the OVC tournament to advance to the NCAA tournament. As No. 13 seed in the South region, the Racers were beaten by No. 4 seed and eventual Final Four participant Ohio State, 72–58, in the opening round

Schedule and results
!colspan=9 style=| Regular season

!colspan=9 style=| Ohio Valley Conference tournament

!colspan=9 style=| NCAA tournament