The 2016 Payback was the fourth annual Payback professional wrestling pay-per-view (PPV) and livestreaming event produced by WWE. It took place on May 1, 2016, at the Allstate Arena in the Chicago suburb of Rosemont, Illinois, and was the third Payback held at this venue after the 2013 and 2014 events. The event is considered by WWE to be the first PPV event of The New Era and was the last Payback event to take place before the reintroduction of the brand extension in July. The theme of the event was wrestlers seeking payback against their opponents.

Allstate Arena is a multi-purpose arena in Rosemont, Illinois, United States, northwest of Chicago, located at the corner of Mannheim Road and Lunt Avenue, just north of Mannheim Road's interchange with the Jane Addams Memorial Tollway (I-90) about 3 miles (4.8 km) north of O'Hare International Airport. The facility opened in 1980 as the Rosemont Horizon and seats 17,500 for basketball and 16,692 for ice hockey.