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. The 2021 event was the third event in the Double or Nothing chronology and was held on May 30 at AEW's home base of Daily's Place in Jacksonville, Florida with the main event taking place at the nearby TIAA Bank Field stadium. As part of the Double or Nothing weekend, "Dynamite" aired May 28 live on TNT as a "Friday Night "Dynamite"" special episode. Additionally, AEW held a Double or Nothing Fan Fest on May 29, featuring live stage shows, exhibition matches, meet and greets, and more.