|Prize fund||£200,000 (2015–present)|
|Michael van Gerwen|
The inaugural tournament, held in 2013, was won by Phil Taylor, who defeated Adrian Lewis 10–1 in the final. James Wade won the following year by defeating Mervyn King 11–10 in the 2014 final. Michael van Gerwen became the third different champion in 3 years when he defeated Raymond van Barneveld 11–6. The reigning champion is Michael van Gerwen, who won his fourth Masters title in a row by defeating Raymond van Barneveld 11–9.
In 2013 and 2014, the tournament took place in the Royal Highland Centre in Edinburgh, Scotland and was played in early November. However, the tournament was moved to early February in 2015 and had a new venue at the Arena MK in Milton Keynes, England. The tournament has been held in late January since 2016.
The tournament features the top 16 of the Order of Merit, in a fixed draw (1 plays 16, 2 plays 15 and so on). The first round and the quarter finals are played over best of 19 legs, the semi-finals and the final are played over best of 21 legs.
|Year||Champion (average in final)||Score||Runner-up (average in final)||Prize money||Sponsor||Venue|
|2013||Phil Taylor (108.50)||10–1||Adrian Lewis (100.03)||£160,000||£50,000||£20,000||Coral||Royal Highland Centre, Edinburgh|
|2014||James Wade (91.39)||11–10||Mervyn King (92.15)||Unibet|
|2015||Michael van Gerwen (112.49)||11–6||Raymond van Barneveld (96.13)||£200,000||£60,000||£25,000||Arena MK, Milton Keynes|
|2016||Michael van Gerwen (98.94)||11–6||Dave Chisnall (96.71)|
|2017||Michael van Gerwen (109.42)||11–7||Gary Anderson (103.58)|
|2018||Michael van Gerwen (105.85)||11–9||Raymond van Barneveld (100.55)|
Total finalist appearances
- As of 28 January 2018.
|1||Michael van Gerwen||4||0||4||6|
|4||Raymond van Barneveld||0||2||2||6|