Prize money breakdown for the 2020 World Grand Prix with £450,000 on offer

The 32 participants at the 2020 World Grand Prix will compete this year for the top prize of £110,000 in prize money. The prize pool of £450,000 is nearly twelve times higher than the prize fund at the start of this tournament in 1998. At the time 'only' £38,000 was on offer.

First round losers will earn £6,000, while first round winners are guaranteed of getting £10,000. The quarter-finalists will go home with a minimum of £16,000, the semi-finalists receive £25,000. The runner-up gets a cheque of £50,000.

Michael van Gerwen is the defending champion at the double-in tournament. The Dutchman defeated Dave Chisnall in the final last year, after winning this event as well in 2012, 2014, 2016 and 2018.

The 2020 World Grand Prix will be played from October 6-12. This tournament has an unique format, as players need to start and finish the legs with a double. There will be no live crowd involved during this event, as the tournament takes place behind closed doors in the Ricoh Arena in Coventry.