The name Double or Nothing was originally referenced in a promo that Cody Rhodes made immediately after the September 2018 All In event, which was an independently produced PPV that came as a result of a bet with wrestling journalist Dave Meltzer.

The only exceptions to this were the 2020 and 2021 events, which were originally scheduled for Vegas but had to be held at Daily's Place in Jacksonville, Florida due to the COVID-19 pandemic—after Florida loosened its COVID-19 protocols, the 2021 event was AEW's first PPV to have a full capacity crowd, as well as the final PPV held at Daily's Place before AEW resumed live touring in July that year.

With the return to Las Vegas beginning with the 2022 event, Stadium Stampede was replaced by Anarchy in the Arena with the wrestlers fighting all throughout the host venue.

[13] In response, the promotion announced that the 2020 event would still proceed as planned (which occurred at Daily's Place and the TIAA Bank Field stadium in Jacksonville, Florida), while also confirming that a third Double or Nothing would emanate from the MGM Grand Garden Arena on May 29, 2021.

[15][16] AEW resumed live touring in July, thus the 2021 Double or Nothing was the promotion's final PPV held at Daily's Place during the pandemic.