Embodiments of the present disclosure provides with a backlight unit and a display device with the backlight unit including a plurality of light emitting elements disposed on a substrate, a first reflector disposed on the substrate and including a plurality of holes, one of the plurality of light emitting elements being disposed in each hole, a light conversion sheet disposed on the substrate and having a light conversion pattern disposed at a position overlapping the light emitting element, and a phosphor sheet having a first phosphor disposed on the substrate, wherein a size of first light emitting elements disposed on the edge of the substrate among the plurality of light emitting elements is larger than size of second light emitting elements disposed in the center of the substrate.