It hosts concerts, ice hockey, basketball, volleyball, team handball and gymnastics competitions.

It will host the 2025 World Men's Handball Championship and the 2025 World Men's Ice Hockey Championship.

On 1 October 2010, Danish financial institution Jyske Bank purchased naming rights to the arena.

The arena's opening event, on 20 October 2010, was a concert by Lady Gaga, during The Monster Ball Tour, with Semi Precious Weapons as her opening act.

The arena was considered to be the venue for the Eurovision Song Contest 2014, other technical issues gave the victory to Copenhagen.