
Mr Freeman's spokeswoman says he has a broken arm, broken elbow and minor shoulder damage.
She said the 71-year-old Dark Knight star is expected to undergo surgery and to make a good recovery.
The accident happened shortly before midnight on Sunday outside Charleston in the Mississippi Delta.
Mr Freeman's car ran off the side of the road and overturned several times, landing upright in a ditch.
Mr Freeman - who had been driving the car - and a female passenger were airlifted to Memphis's Regional Medical Center, about 90 miles (145km) north of where the accident occurred in Tallahatchie County.
"He is having a little bit of surgery this afternoon or tomorrow to help correct the damage," his spokeswoman Donna Lee said. "He says he'll be OK and is looking forward to a full recovery," she added.
Earlier a spokesman at the hospital said the actor was in a "serious" condition.
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