The 1998 North Queensland Cowboys season was the fourth in the club's history. Coached by Tim Sheens and captained by Ian Roberts, they competed in the National Rugby League's 1998 Telstra Premiership, finishing 16th (out of 20).
The North Queensland Cowboys home stadium sponsor Stockland finished up their sponsorship contract seeing out their three year deal.
A new sponsorship deal was drawn up by the Cowboys, with local milking organisation Dairy Farmers who owned the local North Queensland milking dairy in the Tablelands. It was rebadged into the newly named 'Dairy Farmers Stadium' for year 1998.
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| Team | Pld | W | D | L | PF | PA | PD | Pts | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Brisbane | 24 | 18 | 1 | 5 | 688 | 310 | +378 | 37 |
| 2 | Newcastle | 24 | 18 | 1 | 5 | 562 | 381 | +181 | 37 |
| 3 | Melbourne | 24 | 17 | 1 | 6 | 546 | 372 | +174 | 35 |
| 4 | Parramatta | 24 | 17 | 1 | 6 | 468 | 349 | +119 | 35 |
| 5 | North Sydney | 24 | 17 | 0 | 7 | 663 | 367 | +296 | 34 |
| 6 | Sydney City | 24 | 16 | 0 | 8 | 680 | 383 | +297 | 32 |
| 7 | Canberra | 24 | 15 | 0 | 9 | 564 | 429 | +135 | 30 |
| 8 | St George | 24 | 13 | 1 | 10 | 486 | 490 | -4 | 27 |
| 9 | Canterbury | 24 | 13 | 0 | 11 | 489 | 411 | +78 | 26 |
| 10 | Manly | 24 | 13 | 0 | 11 | 503 | 473 | +30 | 26 |
| 11 | Cronulla | 24 | 12 | 1 | 11 | 438 | 387 | +51 | 25 |
| 12 | Illawarra | 24 | 11 | 1 | 12 | 476 | 539 | -63 | 23 |
| 13 | Balmain | 24 | 9 | 1 | 14 | 381 | 463 | -82 | 19 |
| 14 | Penrith | 24 | 8 | 2 | 14 | 525 | 580 | -55 | 18 |
| 15 | Auckland | 24 | 9 | 0 | 15 | 417 | 518 | -101 | 18 |
| 16 | North Queensland | 24 | 9 | 0 | 15 | 361 | 556 | -195 | 18 |
| 17 | Adelaide | 24 | 7 | 0 | 17 | 393 | 615 | -222 | 14 |
| 18 | South Sydney | 24 | 5 | 0 | 19 | 339 | 560 | -221 | 10 |
| 19 | Gold Coast | 24 | 4 | 0 | 20 | 289 | 654 | -365 | 8 |
| 20 | Western Suburbs | 24 | 4 | 0 | 20 | 371 | 802 | -431 | 8 |
(*) Both these players captained the team at some point during the season.
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