- Aug 3 Basketball Association of America (BAA) & National Basketball League (NBL) merge to form National Basketball Association (NBA), Maurice Podoloff elected head of new league
- Aug 6 Future Hall of Famer Luke Appling appears in a MLB record 2,154th (en route to 2,218) game at shortstop for the Chicago White Sox
Boxing Title Fight
Aug 10 Ezzard Charles TKOs Gus Lesnevich in 8 for heavyweight boxing title
- Aug 12 16th NFL Chicago All-Star Game: Philadelphia 38, All-Stars 0 (93,780)
- Aug 20 78,382 watch White Sox play Indians at Cleveland
- Aug 28 Davis Cup Men's Tennis, Forest Hills, NY: US takes trophy for third straight year with last day singles wins to Ted Schroeder and Pancho Gonzales; beat Australia, 4-1