• All Japan Pro Wrestling
  • NWA United National Championship (1 time)[4]
  • NWA World Heavyweight Championship (2 times)[5]
  • PWF World Heavyweight Championship (1 time)[6]

• All Star Pro-Wrestling (New Zealand)
  • NWA World Heavyweight Championship (1 time)[5]

• American Wrestling Association
  • AWA World Tag Team Championship (3 times) – with Larry Hennig (replaced by Chris Markoff in their final reign)[7]

• Cauliflower Alley Club
  • Iron Mike Mazurki Award (2006)

• Central States Wrestling
  • NWA Central States Heavyweight Championship (9 times)[8]
  • NWA North American Tag Team Championship (Central States version) (1 time) – with Roger Kirby[9]
  • NWA World Heavyweight Championship (1 time)[5]

• Championship Wrestling from Florida
  • NWA Florida Tag Team Championship (3 times) – with Roger Kirby (2), Bob Roop (1)[10]
  • NWA Southern Heavyweight Championship (Florida version) (1 time)[11]
  • NWA United States Heavyweight Championship (Mid-Atlantic version) (1 time)1[12]
  • NWA World Heavyweight Championship (1 time)[5]

• Continental Wrestling Association
  • NWA Mid-America Heavyweight Championship (2 times)[13]

• Eastern Sports Association
  • IW North American Heavyweight Championship (1 time)[14]

• Georgia Championship Wrestling
  • NWA Georgia Heavyweight Championship (1 time)[15]
  • NWA Macon Tag Team Championship (1 time) – with Buddy Colt[16]
  • NWA World Heavyweight Championship (1 time)[5]

• Maple Leaf Wrestling
  • NWA World Heavyweight Championship (1 time)[5]

• Missouri Sports Hall of Fame
  • Class of 2013[17]

• National Wrestling Alliance
  • NWA Hall of Fame (Class of 2005)[18]

• Pro Wrestling Illustrated
  • PWI Match of the Year (1973) vs. Dory Funk, Jr. on May 24
  • PWI Match of the Year (1979) vs. Dusty Rhodes on August 21
  • PWI Match of the Year (1983) vs. Ric Flair on June 10
  • PWI Stanley Weston Award (2006)
  • PWI Wrestler of the Year (1979)
  • PWI Wrestler of the Year (1983)
  • PWI ranked him # 8 of the 500 best singles wrestlers during the "PWI Years" in 2003

• Professional Wrestling Hall of Fame and Museum
  • Class of 2004[19]

• St. Louis Wrestling Club
  • NWA Missouri Heavyweight Championship (7 times)[20]
  • NWA World Heavyweight Championship (1 time)[5]

• Stampede Wrestling
  • Stampede North American Heavyweight Championship (1 time)[21]
  • Stampede Wrestling Hall of Fame[22]

• St. Louis Wrestling Hall of Fame
  • (Class of 2007)

• Tokyo Sports
  • Match of the Year Award (1978) vs. Jumbo Tsuruta on January 20[23]

• World Championship Wrestling (Australia)
  • IWA World Tag Team Championship (1 time) – with Larry Hennig[24]

• World Championship Wrestling
  • WCW Hall of Fame (Class of 1994)[25]

• World Wrestling Association
  • WWA World Heavyweight Championship (1 time)[26]

• World Wrestling Council
  • WWC Caribbean Heavyweight Championship (1 time)[27]

• World Wrestling Federation/World Wrestling Entertainment
  • King of the Ring (1986)
  • Sam Muchnick Memorial Tournament (1986) in St. Louis, MO on August 29
  • Slammy Award (2 times)
    • Best Ring Apparel (1987)
    • Bobby "The Brain" Heenan Scholarship Award (1987) with Haku, Tama, André the Giant, Hercules, and King Kong Bundy
  • WWE Hall of Fame (Class of 2004)[28]

• Wrestling Observer Newsletter awards
  • Wrestler of the Year (1980, 1981)
  • Match of the Year (1983) vs. Ric Flair at Starrcade
  • Wrestling Observer Newsletter Hall of Fame (Class of 1996)

1Though this championship was almost always used and defended in the Mid-Atlantic Championship Wrestling promotion, there were times when it was won and defended through arrangements with other promotions. Race was awarded the title with the explanation that he defeated Johnny Weaver in a tournament final while wrestling on a card for Championship Wrestling from Florida.