Standings includes forfeits (Buffalo forfeited to New York due to the field being unplayable, November 17, 1940; Cincinnati forfeited to Buffalo due to injuries preventing the Bengals from fielding a complete team, November 24, 1940)
| TEAM | W | L | T | Pct | ||
 | Columbus | 8 | 1 | 1 | .850 | |
 | Milwaukee | 7 | 2 | 0 | .778 | |
 | Boston | 5 | 4 | 1 | .550 | |
 | New York | 4 | 5 | 0 | .444 | |
 | Buffalo | 2 | 8 | 0 | .200 | |
 | Cincinnati | 1 | 7 | 0 | .125 |