How much will the winner of the PDC World Darts Championship earn, with the total prize fund a whopping £2.5million… everything you need to know as Michael Smith will be looking to retain his title

The best darts players in the world will come to Alexandra Palace this month and in the new year for the PDC World Darts Championship

The winner of the long-awaited tournament in London will earn a huge reward.

Michael Smith won his first World Darts Championship final at the third attempt with an exceptional performance to beat Michael van Gerwen 7-4 at Ally Pally earlier this year.

It was a repeat of the 2019 final, which Van Gerwen won 7-3. Smith had his chances to make it 7-3, but let Van Gerwen pass the tenth set. However, he took advantage of the big opportunity in a thrilling showcase to come from 2-0 down in the eleventh set to clinch the trophy and £500,000 prize money.

Mail Sport explains how much the winner of the PDC Darts World Championship will earn.

How much does the winner earn?

The total prize money for the 2024 PDC World Darts Championship is £2.5 million.

This year's tournament will see the winner take home a whopping £500,000.

Although the runners-up will be devastated if they lose the final, they won't come away empty-handed.

Whoever finishes second in the tournament will take home just under a quarter of a million pounds.

The full prize pool for the tournament is as follows:

• Winner: £500,000
• Runners-up: £200,000
• Semi-final: £100,000
• Quarter-final: £50,000
• Fourth round: £35,000
• Third round: £25,000
• Second round: £15,000
• First round: £7,500

How to watch the action

All the action will be shown live on Sky Sports Main Event and the Arena.

Darts fans can also stream the matches via the official Sky Go app.

Coverage begins on Friday 15 December at 7pm, with afternoon sessions at 12.30pm and evening sessions at 7pm taking place for the remainder of the tournament up to the quarter-finals.

The semi-finals are on Tuesday, January 2 from 7:30 PM and the final is on Wednesday, January 3 at 7:00 PM.

Complete schedule

Friday December 15 (7 p.m.)

• Round one: Kevin Doets vs. Stowe Buntz
• Round one: Cameron Menzies vs. Rusty-Jake Rodriguez
• Round one: Simon Whitlock vs. Paolo Nebrida
• Round two: Michael Smith vs. Kevin Doets/Stowe Buntz

Saturday December 16th

Afternoon session (12:30)

• Round one: Lee Evans vs. Sandro Eric Sosing
• Round one: Connor Scutt vs. Krzysztof Kciuk
• Round one: Jules van Dongen vs. Darren Penhall
• Round two: Dave Chisnall vs. Cameron Menzies/Rusty-Jake Rodriguez

Evening session (7 p.m.)

• Round one: Jamie Hughes vs David Cameron
• Round one: Keane Barry vs. Reynaldo Rivera
• Round one: Scott Williams vs. Haruki Muramatsu
• Round two: Gary Anderson vs. Simon Whitlock/Paolo Nebrida

Sunday December 17

Afternoon session (12:30)

• Round one: Ricky Evans vs. Simon Adams
• Round one: Jim Williams vs. Norman Madhoo
• Round one: Matt Campbell vs. Lourence Ilagan
• Round two: Joe Cullen vs. Jules van Dongen/Darren Penhall

Evening session (7 p.m.)

• Round one: Dylan Slevin vs. Florian Hempe
• Round one: Niels Zonneveld vs. Darren Webster
• Round one: Jermaine Wattimena vs. Fallon Sherrock
• Round two: Luke Humphries vs. Lee Evans/Sandro Eric Sosing

Monday December 18 (7 p.m.)

• Round one: Mario Vandenbogaerde vs. Thibault Tricole
• Round one: Gian van Veen vs Man Lok Leung
• Round one: Martin Lukeman vs. Haupai Puha
• Round two: Gerwyn Price vs. Connor Scutt/Krzysztof Kciuk

Tuesday December 19th

Afternoon session (12:30)

• Round one: Ian White vs. Tomoya Goto
• Round one: Ritchie Edhouse vs. Jeffrey de Graa
• Round one: Keegan Brown vs. Boris Krcmar
• Round two: James Wade vs. Matt Campbell/Lourence Ilagan

Evening session (7 p.m.)

• Round one: Steve Beaton vs. Wessel Nijman
• Round one: Mike De Decker vs. Dragutin Horvat
• Round one: Ricardo Pietreczko vs. Mikuru Suzuki
• Round two: Michael van Gerwen vs. Keane Barry/Reynaldo Rivera

Wednesday December 20

Afternoon session (12:30)

• Round one: Radek Szaganski vs. Marko Kantele
• Round one: Steve Lennon vs. Owen Bates
• Round one: William O'Connor vs. Bhav Patel
• Round two: Ross Smith vs. Niels Zonneveld/Darren Webster

Evening session (7 p.m.)

• Round one: Ryan Joyce vs. Alex Spellman
• Round one: Richard Veenstra vs. Ben Robb
• Round one: Christian Kist vs. Luke Littler
• Round two: Peter Wright vs. Jim Williams/Norman Madhoo

Thursday, December 21

Afternoon session (12:30)

• Round one: Mickey Mansell vs. Xiaochen Zong
• Round one: Luke Woodhouse vs Berry van Peer
• Round two: Madars Razma vs. Mike De Decker/Dragutin Horvat
• Round two: Rob Cross vs. Mario Vandenbogaerde/Thibault Tricole

Evening session (1900 GMT)

• Round two: Andrew Gilding vs. Christian Kist/Luke Littler
• Round two: Danny Noppert vs. Scott Williams/Haruki Muramatsu
• Round two: Gabriel Clemens vs Gian van Veen/Man Lok Leung
• Round two: Damon Heta vs. Martin Lukeman/Haupai Puha

Friday December 22

Afternoon session (12:30)

• Round Two: Brendan Dolan vs. Mickey Mansell/Xiaochen Zong
• Round two: Jose de Sousa vs. Ritchie Edhouse/Jeffrey de Graaf
• Round two: Krzysztof Ratajski vs. Jamie Hughes/David Cameron
• Round two: Dirk van Duijvenbode vs. Keegan Brown/Boris Krcmar

Evening session (7 p.m.)

• Round two: Dimitri Van den Bergh vs. Dylan Slevin/Florian Hempel
• Round two: Martin Schindler vs. Jermaine Wattimena/Fallon Sherrock
• Round two: Raymond van Barneveld against Radek Szaganski/Marko Kantele
• Round two: Chris Dobey vs. William O'Connor/Bhav Patel

Saturday December 23

Afternoon session (12:30)

• Round two: Kim Huybrechts vs. Richard Veenstra/Ben Robb
• Round two: Callan Rydz vs. Ricardo Pietreczko/Mikuru Suzuki
• Round two: Jonny Clayton vs. Steve Lennon/Owen Bates
• Round two: Daryl Gurney vs. Steve Beaton/Wessel Nijman

Evening session (7 p.m.)

• Round two: Ryan Searle vs. Ian White/Tomoya Goto
• Round two: Josh Rock vs. Luke Woodhouse/Berry van Peer
• Round two: Stephen Bunting vs. Ryan Joyce/Alex Spellman
• Round two: Nathan Aspinall vs. Ricky Evans/Simon Adams

Third and fourth rounds

Wednesday December 27

Afternoon session (12:30)

Evening session (7 p.m.)

Thursday December 28

Afternoon session (12:30)

Evening session (7 p.m.)

Friday December 29th

Afternoon session (12:30)

Evening session (7 p.m.)

• 1x Third Round, 2x Fourth Round

Saturday December 30th

Afternoon session (12:30)

Evening session (7:30 PM)

Quarterfinals

Monday January 1

Afternoon session (12:30)

Evening session (7 p.m.)

Semi-finals

Tuesday January 2 (7:30 PM)

Last

Wednesday January 3 (7 p.m.)