| Competition: | OB I |
| Season: | 1974 |
| Winners: | Orvosegyetem |
| Prevseason: | 1973 |
| Nextseason: | 1975 |
1974 Országos Bajnokság I (men's water polo) was the 68th water polo championship in Hungary. There were twelve teams who played two-round match for the title.
| Team | M | W | D | L | G+ | G− | P | |
|---|---|---|---|---|---|---|---|---|
| 1. | OSC | 22 | 15 | 5 | 2 | 120 | 79 | 35 |
| 2. | Ferencvárosi TC | 22 | 14 | 4 | 4 | 104 | 77 | 32 |
| 3. | Vasas SC | 22 | 12 | 7 | 3 | 88 | 78 | 31 |
| 4. | Egri Dózsa | 22 | 11 | 6 | 5 | 111 | 99 | 28 |
| 5. | Újpesti Dózsa | 22 | 10 | 8 | 4 | 90 | 70 | 28 |
| 6. | Bp. Honvéd | 22 | 11 | 6 | 5 | 84 | 74 | 28 |
| 7. | Szolnoki Vízügy-Dózsa | 22 | 7 | 6 | 9 | 107 | 102 | 20 |
| 8. | Bp. Spartacus | 22 | 8 | 3 | 11 | 79 | 86 | 19 |
| 9. | BVSC | 22 | 6 | 5 | 11 | 78 | 86 | 17 |
| 10. | Vasas Izzó | 22 | 4 | 6 | 12 | 87 | 110 | 14 |
| 11. | Szegedi EOL SC | 22 | 1 | 7 | 14 | 84 | 110 | 9 |
| 12. | Szentesi Vízmű | 22 | 0 | 3 | 19 | 85 | 146 | 3 |
* M: Matches W: Win D: Drawn L: Lost G+: Goals earned G−: Goals got P: Point