- Set a World Land Speed Record for 250 cc Motorcycles at the Bonneville Salt Flats under the sanction of The Southern California Timing Association on a Kawasaki KR1 in the 250cc P-P class in 1989. The record stood until 2007.
- Awarded the "Criminal Defense Lawyer of the Decade" Award in 2000 by the Oklahoma City Criminal Defense Lawyers Association.
- Was named Criminal Defense Lawyer of the Decade by the Oklahoma Criminal Defense Lawyers Association.
- Was selected and became member of the Rosa Parks "Wall of Tolerance" for his exemplary work in the courtroom representing and defending the civil rights of others.
- Ranked #28 on Sport & Fitness Magazine's "100 Hottest Men Over 50" list.
- The city of Noble Oklahoma declared April 5, 2002 "Mike Gassaway Day" for his legal accomplishments and his commitment to democracy.
- Awarded "The Best Dressed Man in Oklahoma" Award in 2005 by the Oklahoma Journal Record.
- Inducted into the "Professional Karate Magazine" Hall of Fame.
- The music video for Cloud Nothings commissioned by Urban Outfitters in which Gassaway is the sole actor went to #1 on Spin Magazine's play list.
- 2018 inductee in to the United States Martial Arts Hall of Fame.
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