The 1933 Arkansas State Indians football team represented Arkansas State College—now known as Arkansas State University—as a member of the Arkansas Intercollegiate Conference (AIC) during the 1933 college football season. Led by first-year Elza Renfro in his first and only season as head coach, the Indians compiled an overall record of 2–4–2 with a mark of 1–3–1 in conference play. Arkansas State played home games at Kays Field in Jonesboro, Arkansas.
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