The invention provides an old asphalt material crushing and recycling device and method. The old asphalt material crushing and recycling device comprises a feeding conveyor, an old asphalt material crushing separator, a screening machine, discharging conveyors, setting ponds, sewage sucking pumps and a sand deposition pond, the feeding conveyor, the old asphalt material crushing separator and thescreening machine are sequentially connected, one end of the screening machine is sequentially connected with the multiple setting ponds, and the other end of the screening machine is connected with the multiple discharging conveyors. Each setting pond is connected with the sand deposition pond through the corresponding sewage sucking pump. The old asphalt material crushing and recycling device and method have the advantages that the production technique is simple, and the production efficiency is high; the old asphalt material recovering and using efficiency is high, on the one hand, materialwaste can be reduced, on the other hand, the cost can be reduced, and the investment income of construction funds is increased; through recovering and using of gravel aggregate, the requirement of social sustainable development is met, and the problem that the gravel aggregate is in shortage due to continuous mountain excavation for stone taking can be effectively solved; and asphalt is collectedand reused, and environment pollution can be reduced.