The Derwent Entertainment Centre (DEC), known commercially as MyState Bank Arena since 2021, is Tasmania's largest indoor arena, serving as Hobart's primary location for large indoor sporting events, functions and live entertainment. Commissioned by the Tasmanian Government and the Glenorchy City Council, the DEC served as the home arena for the Hobart Devils in the NBL from 1989 until 1996, when the team's licence was revoked. Subsequently, between 1997 and 1998, ownership was transferred entirely to the City of Glenorchy, where it became a financial burden and incurred significant maintenance expenses for Glenorchy taxpayers, while seeing limited use. As the largest enclosed multipurpose venue in Tasmania, the DEC has hosted many Australian and international musical acts, including Kylie Minogue, Bob Dylan, Carole King, The Corrs, James Brown, Leonard Cohen, Tina Turner, Blondie and The Beach Boys.
In 2020, the Tasmanian Government was granted the 10th NBL licence. The government purchased the DEC from the City of Glenorchy and following significant redevelopment, it became the southern home venue for the Tasmania JackJumpers, commencing in the 2021–22 NBL season. Since reopening as MyState Bank Arena, the venue has consistently sold 91% of its tickets for all events, including a 100% sellout rate for sporting events.
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