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Winners & Losers is an Australian television drama series first broadcast on the Seven Network on 22 March 2011. It was created by the producers of Packed to the Rafters and is aired in the show's former time slot. Winners & Losers focuses on the lives of four women living in Melbourne, after they win a large amount of money in the Oz Lotto. Seven renewed Winners & Losers for a second season in July 2011 and it began airing from 26 June 2012. Two months later, it was announced the series had been renewed for a third season. A fourth season was confirmed on 19 December 2013. A fifth season was confirmed on 3 December 2014.

Angus Ross, the Director of Programming at the Seven Network, confirmed in an interview with Australian television blog TV Tonight that the fifth season of Winners & Losers would be the final season. The season premiered on 5 July 2016 and concluded on 12 September 2016.