A massive £750,000 will be added to the prize money on offer in Players Championship events in 2024 in a major boost for players on the PDC ProTour.
Prize money for Players Championship events had been boosted to £100,000 two years ago, and a further increase will see the total rise further from 2024.
Each Players Championship winner will receive a £15,000 top prize, while players will be guaranteed £1,000 for winning a first round tie.
Prize money has increased across all levels for Players Championships, with the runner-up to receive £10,000 and semi-finalists taking home a £5,000 prize.
"We invested over £2 million into prize money in 2022-2023, and increasing Players Championship prize funds by £750,000 this year is further proof of our commitment to all PDC Tour Card Holders," said PDC Chief Executive Matt Porter.
"We enjoyed another strong year of growth on the circuit in 2023 with hugely successful tournaments globally, but Players Championships remain hugely important for all players and this prize fund recognises that.
"Following such a successful Paddy Power World Darts Championship, this announcement will be a great boost to all players going into the 2024 season."
This year will see all 30 Players Championship events played in midweek days at venues in Wigan, Leicester, Milton Keynes and Hildesheim.
Coverage from four boards in each event will be streamed on PDCTV and across bookmakers' websites worldwide.
The final Players Championship Order of Merit - based on prize money won in the 30 events each year - also sees the top 64 players qualify for the Players Championship Finals at Butlin's Minehead Resort in November.
Gerwyn Price topped the 2023 Players Championship Order of Merit with £79,250 in prize money, which included four tournament wins worth £12,000 apiece.
2024 Players Championship Prize Funds
Winner £15,000
Runner-Up £10,000
Semi-Finalists £5,000
Quarter-Finalists £3,500
Fourth Round Losers £2,500
Third Round Losers £1,500
Second Round Losers £1,000
Total £125,000