A panel bottom sheet and a display device including the same are provided. The panel bottom sheet comprises a main sheet, a bonding member disposed on a bottom surface of the main sheet and partially exposing the bottom surface of the main sheet, a release film disposed below the bonding member, and a spacer disposed between the release film and the bottom surface of the main sheet. The bottom surface of the main sheet is divided into a cover region in which the bonding member is disposed and an exposed region which is exposed by the bonding member. The release film is disposed to overlap with the cover region and the exposed region, and the spacer is disposed to overlap with the exposed region.