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The tournament will see champions from both PDC and BDO/WDF major events invited to compete at the Wolverhampton Civic from 17-25 November.

As a result of a new title sponsorship deal with PartyPoker.net, the initial prize fund announced has now been increased by £50,000 to £300,000 - the second highest on offer for any tournament in the sport behind the PDC's Ladbrokes.com World Darts Championship.

The winner of the PartyPoker.net Grand Slam of Darts will receive £80,000, with first round guaranteed £4,000.

The prize fund has now overtaken the £265,000 Holsten Premier League Darts, as well as the £224,000 on offer at the BDO Championship.

"It is a pleasure to welcome PartyPoker.net as the exclusive title sponsor for the Grand Slam of Darts," said PDC Chairman Barry Hearn.

"PartyPoker.net are strong supporters of top class darts following their previous sponsorship of The Showdown and last year's Las Vegas Desert Classic, and they are again backing the best in the business.

"This event is eagerly anticipated from players, fans and officials in the darting world and we have seen huge interest already since announcing that we would be staging this event earlier this year.

"It will also be a pleasure to welcome the champions from the BDO/WDF circuit into this event to play for prize money bigger than any they have ever competed for before and to test themselves against the stars of the PDC."

A total of 21 players have already qualified for the tournament, with the winner and runner-up from the Topic International Darts League this weekend receiving invitations.

Further places will go to the finalists in next weekend's PDC US Open, as well as the remaining major tournaments on the darting calendar before November.

PartyPoker.net Grand Slam of Darts – New Prize Fund

Winner

£80,000

Runner-Up
£35,000

3-4th
£15,000

5-8th
£10,000

9-16th
£6,000

17-32nd
£4,000

High Checkout
£3,000

Total Prize Fund
£300,000

Players will be selected from the tournaments listed, with those players named already fulfilling the entry criteria to earn an invitation to compete.

DC Tournaments

2007 World Championship

Winner: Raymond van Barneveld
Runner-Up: Phil Taylor
Semi-Finalists: Andy Jenkins, Andy Hamilton

2006 World Championship

Winner: (Phil Taylor)
Runner-Up: Peter Manley
Semi-Finalists: Wayne Mardle, Wayne Jones

2007 World Matchplay

Winner:
Runner-Up:

2006 World Matchplay

Winner: (Phil Taylor)
Runner-Up: James Wade

2007 World Grand Prix

Winner:
Runner-Up:

2006 World Grand Prix

Winner: (Phil Taylor)
Runner-Up: Terry Jenkins

2007 Las Vegas Desert Classic

Winner:
Runner-Up:

2006 Las Vegas Desert Classic

Winner: John Part
Runner-Up: (Raymond van Barneveld)

2007 UK Open

Winner:
Runner-Up:

2006 UK Open

Winner: (Raymond van Barneveld)
Runner-Up: Barrie Bates

2007 US Open

Winner:
Runner-Up:

2006 World Series of Darts

Winner: (Phil Taylor)
Runner-Up: Adrian Lewis

2007 Premier League Darts

Winner:
Runner-Up:

2006 Premier League Darts

Winner: (Phil Taylor)
Runner-Up: Roland Scholten

BDO/WDF Tournaments

2007 World Championship

Winner: Martin Adams
Runner-Up: Phill Nixon
Semi-Finalists: Niels de Ruiter/Mervyn King

2006 World Championship

Winner: Jelle Klaasen
Runner-Up: (Raymond van Barneveld)
Semi-Finalists: Shaun Greatbatch, (Martin Adams)

2007 World Masters

Winner:
Runner-Up:

2006 World Masters

Winner: Michael van Gerwen
Runner-Up: (Martin Adams)

PDC-BDO/WDF Tournaments

2007 International Darts League

Winner:
Runner-Up:

2006 International Darts League

Winner: (Raymond van Barneveld)
Runner-Up: Colin Lloyd

2007 World Darts Trophy

Winner:
Runner-Up:

2006 World Darts Trophy

Winner: (Phil Taylor)
Runner-Up: (Martin Adams)