PDC World Darts Championship 2022 prize money revealed as Michael Smith faces Peter Wright

The Alexandra Palace is set to host another fantastic edition of the showpiece event in the Professional Darts Corporation's calendar.

<p>Gerwyn Price of Wales poses with the trophy during the Finals against Gary Anderson of Scotland during Day Sixteen of The PDC William Hill World Darts Championship at Alexandra Palace on January 03, 2021</p>

Gerwyn Price of Wales poses with the trophy during the Finals against Gary Anderson of Scotland during Day Sixteen of The PDC William Hill World Darts Championship at Alexandra Palace on January 03, 2021

The past few weeks have seen another incredible edition PDC World Darts Championship at the Alexandra Palace and it has all been leading to tonight’s final.

Two of the very best in the world will go head-to-head to lift the impressive Sid Waddell Trophy and take home the incredible prize money that goes with it.

Will it be Peter Wright who lifts the trophy to become a two time champion of the world or will Michael Smith put right his 2019 final defeat and finally win the big one?

Here is everything you need to know about the tournament prize money and what a win would mean for each player:

PDC World Darts Championship prize money

A view of the Sid Waddell trophy prior to the final match on Day Sixteen of The PDC William Hill World Darts Championship at Alexandra Palace on January 03, 2021 in London, England.

In total, a share of £2.5 million of prize money is divided up across the 96 players who took part in this year’s PDC World Darts Championship.

The winner of the 2022 event will take home a whopping £500,000 in prize money.

It’s not a bad sum either for the runner up, they will be consolidated for the disappointment of losing the final with a prize of £250,000.

As for the other 94 competitors who were eliminated earlier in the competition, here is a breakdown of how much they took home for their placings:

  • Round 1 (32 players) - £7500
  • Round 2 (32 player) - £15,000
  • Round 3 (16 players) - £25,000
  • Round 4 (eight players) - £35,000
  • Quarter finalists (four players) - £50,000
  • Semi finalists (two players) - £100,000
  • Runner-up (one player) - £200,000
  • Winner (one player) - £500,000

What does that mean for the Order of Merit? (World Rankings)

The PDC Order of Merit, which acts as the world rankings for the players, is based on how much prize money they win over a two year period.

Although the official list has not yet been updated, website dartsrankings.com have been keeping a live track of how the 2022 PDC World Darts Championship has changed the layout.

Whatever happens tonight, Peter Wright will remain as the number two ranked player. This is because current world number one Gerwyn Price earned enough prize money by reaching the quarter-final stage to keep hold of his position.

However, the difference between winning and losing could mean a lot more for Michael Smith.

“Bully Boy” is currently fifth in the live rankings and will overtake James Wade (4) and Michael van Gerwen (3) to move third in the list if he wins the tournament.

Smith has already moved up four places from where he started the tournament just by reaching the final while other top ten players Dimitri van den Bergh and Nathan Aspinall have suffered for their early exits.

The Belgian has dropped four places to ninth while The Asp is now out of the top ten having also dropped four places to 14.

Former World Champion Rob Cross moves one place to re-enter the top ten while Joe Cullen has jumped up two places to 11.

The biggest mover of the tournament has been Alan Soutar who has climbed a whopping 26 places to move to 51 in the Order of Merit after he reached the Last 16 of this year’s competition.

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