The 1932–33 CHL season was the second season of the Central Hockey League, a minor professional ice hockey league in the Midwestern United States. Five teams participated in the league, and the Eveleth Rangers won the championship.

Regular season

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GP W L T GF GA Pts
Eveleth Rangers 40 26 12 2 114 83 52
Minneapolis Millers 40 25 13 2 99 78 50
St. Paul Saints 40 13 24 3 83 112 26
Hibbing Maroons 40 11 26 3 79 102 22
Duluth Natives 9 1 8 0 10 28 2
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