- Dec 6 5th Heisman Trophy Award: Nile Kinnick, Iowa (HB)
Lou Gehrig Elected HOF
Dec 7 Lou Gehrig, 36, is elected to Baseball's Hall of Fame
- Dec 9 1940 NFL Draft: George Cafego from University of Tennessee first pick by Chicago Cardinals
- Dec 9 CFL Grey Cup, Landsdowne Park, Ottawa: Winnipeg Blue Bombers claim 2nd title; defeat Ottawa Rough Riders, 8-7
Green Bay Packers vs. NY Giants
Dec 10 National Football League Championship, Dairy Bowl, West Allis, Wisconsin: Green Bay Packers beat New York Giants, 27-0; Packers 5th title
Baseball Players
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Tennis Champions