Prior to moving to Division I in 2004, the Jackrabbits were a power while in Division II. The team won 20 conference championships with the North Central Conference, advanced to the NCAA Division II Tournament 24 times, and won the 1963 NCAA College Division basketball tournament. Although initially struggling after the move to Division I, the team increased their win total each season, culminating in their first 20 win season at the Division I level in 2011–2012 and advancing to their first NCAA Division I Tournament. The team has advanced to postseason play every season since then besides 2021. On March 8, 2022, the Jackrabbits advanced to their sixth NCAA tournament with a record of 30-4, a school record. They did it on a 21 game win streak (longest in the nation) and went 21-0 against Summit League opponents, something that had never been done before in conference history.