The 1932 Illinois gubernatorial election was held on November 8, 1932. Democratic nominee Henry Horner defeated Republican nominee and former Governor Len Small with 57.62% of the vote.

Lennington "Len" Small was an American politician who served as the 26th Governor of Illinois from 1921 to 1929. He previously was a member of the Illinois state senate from the 16th District from 1901 to 1903 and was Illinois state treasurer, from 1905 to 1907, and from 1917 to 1919. He is known for accusations of embezzlement brought against him.