Egidijus Mockevicius added 22 points, and the win marked Evansville's (7-1) first over Murray State since 1991 while ending an 18-game home win streak for the Racers.
Jones hit two free throws with 11 seconds left to tie at 73. On Evansville's next possession, Jones stole the ball from Balentine and got off a shot with two seconds left but missed.
Jones gave the Racers a 77-76 lead with 2:52 left before Jaylon Brown made two of his own and the Purple Aces recaptured the lead. After a Murray State turnover, Balentine buried a jumper to put his team up 80-77 with 1:59 remaining. Seymour's two free throws made it 80-79 but Murray State couldn't get closer.