1933 Országos Bajnokság I (men's water polo) was the 27th water polo championship in Hungary. There were nine teams who played one-round match for the title.
| Team | M | W | D | L | G+ | G− | P | |
|---|---|---|---|---|---|---|---|---|
| 1. | Újpesti TE | 8 | 6 | 2 | 0 | 58 | 13 | 14 |
| 2. | MAC | 8 | 6 | 1 | 1 | 40 | 17 | 13 |
| 3. | MTK | 8 | 6 | 0 | 2 | 37 | 15 | 12 |
| 4. | III. ker. TVE | 8 | 5 | 2 | 1 | 21 | 11 | 12 |
| 5. | Ferencvárosi TC | 8 | 3 | 1 | 4 | 19 | 33 | 7 |
| 6. | Szegedi UE | 8 | 3 | 0 | 5 | 19 | 28 | 6 |
| 7. | MOVE Eger SE | 8 | 3 | 0 | 5 | 19 | 28 | 6 |
| 8. | BBTE | 8 | 1 | 0 | 7 | 8 | 38 | 2 |
| 9. | MUE | 8 | 0 | 0 | 8 | 3 | 41 | 0 |
* M: Matches W: Win D: Drawn L: Lost G+: Goals earned G−: Goals got P: Point