The PDC World Grand Prix is held in Dublin each October. Its original venue was the Casino Rooms in Rochester, Kent in 1998 and 1999 and then for one year only in 2000 at the Crosbie Cedars Hotel in Rosslare, County Wexford. In 2001 the tournament moved to its current home at the Citywest Hotel in Dublin.

The Grand Prix was originally sponsored by bookmakers Paddy Power before Sky Bet took over in 2004. The subsidiary Sky Poker followed as the tournament's sponsor in 2008 and 2009. In 2010, online gambling company Bodog became the event's title sponsor and in 2011 PartyPoker.com took over as sponsor. You can bet on this year’s Grand Prix easily on william hill sports betting online

Although he has dominated the event with ten title wins, Phil Taylor has been knocked out of the World Grand Prix three times in the first round. In 2001, he lost 2–1 to qualifier Kevin Painter, in 2004 by 2 sets to 0 to Andy Callaby, and in 2007 he went down 2–0 in sets to Adrian Gray.

The current Champion is Michael van Gerwen of the Netherlands, who defeated Mervyn King 6–4 in the final on 14 October 2012.

The tournament is unusual in that it is the only televised event in which players must commence and finish each leg on a double including the bullseye.

There have been several different formats for the tournament. The first event in 1998 event was a straight knock-out tournament played in a set play format with each set being contested over the best of three legs.

The following year this changed to the best of five legs per set. Furthermore, a group stage was introduced in 1999, with their only being four seeded players for the event, all of whom reached the semi-finals. In 2000 the tournament reverted to being a straight knock-out and has remained so ever since.