The first Luther Invitational Basketball Tournament took place on January 31, 1953, shortly after the construction of the gymnasium. The concept was introduced by then–Athletics Director John Chomay as a way to showcase the new facility and attract prospective students to Luther. Invitations were sent to all high schools in southern Saskatchewan, and sixteen teams participated in the one-day event.

The championship game featured a rivalry matchup between Luther College and Campion College, which was also a junior college at the time. Play-by-play commentary was provided by Luther student Eddie Robinson, who would go on to announce 50 more tournaments.

Both students and parents contributed to organizing and running the event. After Chomay, Don Vinge ensured the tournament became entirely student-run, while Lorne Schemmer introduced a committee structure that maintained student leadership.

As the tournament expanded, teams from outside Saskatchewan began to take part, elevating it to the level of a Western Canadian championship. LIT is often recognized as the longest-running boys’ high school tournament in Canada to be hosted in a single gymnasium by one school.

Today, LIT has evolved into a three-day event featuring a pep rally, social activities, a banquet, an alumni game, and a preliminary tournament to determine Regina’s two competing teams.