The 2016 Sugar Bowl is a bowl game that was played on January 1, 2016 at the Mercedes-Benz Superdome in New Orleans, Louisiana. This 81st Sugar Bowl was played between the University of Mississippi and Oklahoma State University. It is one of the 2015–16 bowl games that concluded the 2015 FBS football season. Sponsored by the Allstate insurance company, the game is officially known as the Allstate Sugar Bowl.

The contest was televised on ESPN and ESPN Deportes, with a radio broadcast on ESPN Radio and XM Satellite Radio. Kickoff time was set for 8:30 PM EST.

In the game, Ole Miss won by a score of 48–20 to get their first 10–win season since 2003, and only their second since the Vaught era. Both teams finished their respective seasons with 10–3 records.

This was Oklahoma State's first Sugar Bowl since 1946, and Ole Miss's first since 1970. It was the third meeting between the two schools, having contested the Cotton Bowl Classic in 2004 and 2010. Ole Miss won all three games.

Oklahoma State began the season winning their first 10 games, which included a win over then–no. 5 TCU. Following the 10–0 start, the cowboys had a #4 ranking in the College Football Playoff poll and controlled its own destiny in the Big 12. However, the cowboys' undefeated season came to end when then–no. 10 Baylor beat them in Stillwater. The cowboys would then lose another game at home in blowout fashion to rival and eventual Big 12 champion and College Football Playoff participant, Oklahoma. The cowboys then fell to #16 in the CFP poll entering the Sugar Bowl, their first New Year's Six bowl game.

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