It was the sixth annual Double or Nothing event and took place during Memorial Day weekend on May 26, 2024, at the MGM Grand Garden Arena in the Las Vegas suburb of Paradise, Nevada.

AEW celebrated its five-year anniversary by returning to the MGM Grand Garden Arena, five years after the inaugural 2019 event was held.

In the event's final match, which was promoted as part of a triple main event, The Elite (Matthew Jackson, Nicholas Jackson, Kazuchika Okada, and Jack Perry) defeated Team AEW (Bryan Danielson, Darby Allin, Cash Wheeler, and Dax Harwood) in an Anarchy in the Arena match.

It is held annually in May during Memorial Day weekend and is one of AEW's "Big Four" PPVs, which includes All Out, Full Gear, and Revolution, their four biggest domestic shows produced quarterly.

[7] Storylines were produced on AEW's weekly television programs, Dynamite, Rampage, and Collision, and the YouTube series Being The Dark Order.

[8] They started abusing their power by (kayfabe) suspending "Hangman" Adam Page and kicking Kenny Omega (who had been inactive due to legitimately suffering from diverticulitis) out of The Elite, while subsequently bringing in New Japan Pro-Wrestling (NJPW) mainstay Kazuchika Okada into AEW and The Elite, which also established Okada as a heel after he attacked Eddie Kingston and won the AEW Continental Championship on the March 20 episode of Dynamite, which is his first championship since moving to the United States.

[13] The following week, Omega (via a pre recorded video from the hospital) used his own EVP power to book an Anarchy in the Arena match with The Elite going up against a "Team AEW" originally comprising FTR, Kingston, and Bryan Danielson.

[16] In the main event at Dynasty, Swerve Strickland defeated Samoa Joe to win the AEW World Championship.

[11] At NJPW's Windy City Riot, Jon Moxley defeated Tetsuya Naito to win the IWGP World Heavyweight Championship.

[12] Takeshita would attack Moxley on the following week's Dynamite, and an eliminator match for a future title shot would be scheduled for Double or Nothing.

[21] On the April 24 episode of Dynamite, Will Ospreay won a Casino Gauntlet Match to become the number one contender to the championship at Double or Nothing.

This led to a match between the two at Dynasty where Jericho won Hook's FTW Championship, turning heel, and adopting a sarcastic advice and guidance offering moniker "The Learning Tree".

He took on Big Bill as a "student" when he assisted in Jericho retaining the title in a match against Katsuyori Shibata on the May 1 episode of Dynamite.

[23] Hook returned on the May 15 episode of Dynamite to demand a rematch for the title, but Jericho said he would have to earn his way back to contendership.

Cage tried to introduce a steel chair to the match but had the weapon snatched by Vegas Golden Knights mascot Chance the Gila.

[27] The actual pay-per-view opened with Roderick Strong (accompanied by The Undisputed Kingdom – Matt Taven and Mike Bennett) defending the AEW International Championship against Will Ospreay.

As the referee was checking on Strong, Don Callis left the commentary booth, jumped on the apron and told Ospreay to use the Tiger Driver '91.

Cole was impeded with a video of a man's house, including the Dynamite Diamond Ring, MJF's Burberry scarf and a poker chip.

Next, The Bang Bang Gang (Jay White, Austin Gunn, and Colten Gunn) defended the Unified World Trios Championship (consisting of the AEW and ROH trios titles) against Death Triangle (Pac, Penta El Zero Miedo, and Rey Fenix) (accompanied by Alex Abrahantes).

[28] After that, "Timeless" Toni Storm (accompanied by Luther the Butler and Mariah May) defended the AEW Women's World Championship against Serena Deeb.

The masked man was revealed to be Bryan Keith, allowing Jericho to deliver the Judas Effect to Shibata and pin him to retain the title.

Moxley performed an Ace Crusher and attempted a triangle choke, but Takeshita escaped and delivered a Last Ride powerbomb for a two-count.

Takeshita performed an overhook tombstone piledriver followed by a wheelbarrow suplex and then attempted the Powerdrive Knee, but Moxley impeded with the Paradigm Shift.

[28] Next, Adam Copeland defended the AEW TNT Championship against Malakai Black in a Barbed Wire Steel Cage match.

Statlander and Hathaway, who were infuriated with Moné actions, then distract the referee, allowing Nightingale to deliver another Doctor Bomb for a two-count.

In the opening stages, Strickland attempted a suplex, but Christian escaped and delivered a reverse DDT and a frog splash for a two-count.

The referee then ejected The Patriarchy from ringside after seeing that they were trying to interfere again, allowing Strickland to deliver a rolling flatliner to Christian for a two-count and then a Swerve Stomp off the apron.

[28] The final match of the night, and the third in the triple main event, was the Anarchy in the Arena match, which saw The Elite (Kazuchika Okada, Jack Perry and The Young Bucks – Matthew Jackson and Nicholas Jackson) face Team AEW (Bryan Danielson, Darby Allin and FTR – Dax Harwood and Cash Wheeler).

Ospreay survived a big injury scare and delivered with Roddy, Swerve retained in an excellent match, and Copeland vs. Black is everything I wanted and more.

[30] Doc-Chris Mueller of Bleacher Report graded the show a B+, saying "AEW Double or Nothing 2024 delivered what might be the widest selection of wrestling styles on one card.