[4] On November 27, 2023, the NHL announced that the fantasy player draft, used from 2011 to 2015, would make its return to the All-Star Game, while keeping the three-on-three format used since 2016.

[1] On January 14, the head coaches were announced, chosen from the team in each division with the highest points percentage through January 13: Jim Montgomery of the Boston Bruins (Atlantic), Peter Laviolette of the New York Rangers (Metropolitan), Rick Bowness of the Winnipeg Jets (Central), and Rick Tocchet of the Vancouver Canucks (Pacific).

[9] On January 4, the league announced that two of the captains would be Connor McDavid of the Edmonton Oilers and Auston Matthews of the Toronto Maple Leafs.

[2] Although Jack Hughes was unable to play due to injury, he still participated in helping his brother Quinn in the players draft,[7] and Elias Pettersson was named alternate captain of the fourth team in his place.

For the final round, Hockey Hall of Famer Dave Keon conducted a random draw of envelopes with the four remaining unselected players.

From there, the top six advanced to the final event, the Obstacle Course, with the winner of the competition winning a trophy and $1 million.

Players skated up and down the ice trying to complete cross-ice passes to various sized targets to accumulate the most points.

Players raced to achieve the fastest time to knockout a shooting target in each of the four corners of the net.

Passers for the event included Blayre Turnbull, Doug Gilmour, Sarah Nurse, and Steve Thomas.

[17] Various local businesses hosted themed events and activities throughout the weekend featuring current and former NHL players.

[18] A Professional Women's Hockey League 3-on-3 Showcase game was played to conclude All-Star Thursday on February 1.

The teams were named in honor of former tennis players and current PWHL advisory board members Billie Jean King and Ilana Kloss.

Each competition was preceded by a mascot parade to the rink and concluded with a customary handshake line, demonstrating good sportsmanship.

[21] In Canada, the players fantasy draft, the Skills Competition, and the All-Star Game were broadcast in English on Sportsnet.