A record £11.2 million in prize money will be up for grabs on the PDC circuit in 2017, with PDC Chairman Barry Hearn also announcing plans to increase the capacity of the World Championship at Alexandra Palace.
The PDC's remarkable growth has seen prize money rise from around £2 million in 2006 to five times that amount a decade later - and is set to continue next year with another series of prize fund boosts.
The World Darts Championship will continue its progression in prize money to £1.8 million for the 2017/2018 tournament, with a record £400,000 to the winner - up from this year's £350,000 first prize; this is set to rise to a staggering £500,000 by 2020.
Plans are also underway to potentially double the capacity at Ally Pally by moving the event within the venue to the Great Hall from 2017, allowing for up to 6,000 fans to attend and catering for soaring ticket demand.
The Premier League prize fund will also increase from £725,000 in prize money to £825,000, with £250,000 on offer to the eventual champion, while the World Matchplay will feature a £500,000 prize pot with £115,000 to the champion.
The UK Open, Grand Slam of Darts, Players Championship Finals, World Series of Darts Finals and World Cup of Darts will also benefit from increased prize funds next year.
In addition, prize money for European Tour events increases to £135,000 per tournament, a rise of £20,000, with a further two events being held next year, while two further Players Championship tournaments will also take place in 2017 and both the PDC Development Tour and Challenge Tour will expand to 20 tournaments each.
A £60,000 prize fund will be on offer in each of six international World Series of Darts events next year, which include the inaugural U.S. Darts Masters in Las Vegas in July.
PDC boss Hearn has also announced that ticket prices for PDC televised events in the UK & Ireland will be frozen for a 12-month period, starting from the forthcoming announcement for World Matchplay tickets but also to include the Champions League of Darts, World Grand Prix, Grand Slam of Darts, World Series of Darts Finals, 2017/2018 World Championship and 2018 Premier League.
"This is announcement has two great Christmas presents!" said Hearn. "My first Christmas present is to the players; having delivered excellence they've got every right to be rewarded like never before.
"I said two years ago that my dream was to get to £10 million - I'm scrapping that now and going for £20 million, and we will get there!
"In 40 years of working in sport, this has been the most satisfying period. We've got ordinary people doing extraordinary things, and darts in many ways is working man's golf, where ability is the only barrier to success.
"The good news for the players is that we're going to change their lives through the sport of darts if they've got the ability.
"My second is to the most important people behind the players, the fans. The good news for them is that we're freezing all our ticket prices from the World Matchplay onwards in all UK & Ireland PDC-promoted events.
"Our sponsors and TV partners are so happy with the entertainment we're providing them that they're all paying more money so it's only right and proper that the fans, who got us here in the first place, get the benefit of that."