Originally named Rosemont Horizon, All State Arena was funded by the Village of Rosemont in 1979 and completed the following year. It was built to be the home of the Chicago Horizons of the Major Indoor Soccer League (MISL), but after one season, the franchise folded in 1982.

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The venue is one of the largest in the Chicago area, with 18,500 reserved seating capacity and forty-eight luxury suites. Fleetwood Mac were the first band to perform at the venue on May 15, 1980, and a red ribbon was cut on stage during the opening of the show.

Known for sports, particularly football, Allstate Arena is one of only two venues on the world to have hosted WrestleMania three times.

In 1999, insurance company Allstate, signed a 10-year contract, acquiring naming and renovation rights to the arena. Allstate Arena has several sustainability initiatives in place, championing green living, and winning the 2011 US-EPA Wastewise Gold Achievement Award for Public Venue Recycling.