Double or Nothing is considered All Elite Wrestling's (AEW) marquee event, having first been held in 2019, which was the promotion's first pay-per-view (PPV) produced. It is held annually around Memorial Day and is one of AEW's "Big Four" PPVs, which includes All Out, Full Gear, and Revolution, their four biggest shows produced quarterly.[1] The 2022 event will be the fourth event in the Double or Nothing chronology. After the previous two years' events had to be held at Daily's Place in Jacksonville, Florida due to the COVID-19 pandemic, the 2022 event will return Double or Nothing to Las Vegas, which is where the inaugural event was held.[2]
On February 23, 2022, it was confirmed that the event will take place on May 29, but unlike the inaugural event, which was held at the MGM Grand Garden Arena, the 2022 event will be held at the T-Mobile Arena on the Las Vegas Strip in Paradise, Nevada. As part of Double or Nothing week, AEW will broadcast both Dynamite and Rampage live on May 25 and May 27, respectively, at the nearby Michelob Ultra Arena at the Mandalay Bay.[3] There will also be a fan fest on Saturday, May 28, held at the Mandalay Bay Convention Center.[4] Tickets for Double or Nothing went on sale on March 4, 2022, in which first day sales drew over $1 million at the gate, marking the first time AEW crossed $1 million at the gate.[5] In addition to PPV, AEW partnered with Joe Hand Promotions to air Double or Nothing in select movie theaters across the United States.[6]
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