Dwight Anderson graduated from Roth High School in Dayton. He played for the University of Kentucky 1978-1980, scoring 13 PPG on 50FG%. Halfway through his sophomore year, he transferred to the University of Southern California where, from 1981-1982, he scored 20 PPG on 40FG%.
Anderson was selected by the Washington Bullets in the 2nd round of the 1982 NBA Draft. He played one season for Denver Nuggets during 1982-83. Anderson also spent several seasons in the Continental Basketball Association with the Ohio Mixers, Albuquerque Silvers, Cincinnati Slammers and Evansville Thunder. In 112 CBA games, Anderson averaged 21.0 points per game.