The 1986 Embassy World Darts Championship was held between 4–11 January 1986.

For the first time, the tournament was held at the Lakeside Country Club in Frimley Green, Surrey, having been held at Jollees Cabaret Club in Stoke-on-Trent for the previous seven years.

The Lakeside became the third venue in the history of the World Championship.

Eric Bristow completed a hat-trick of World titles to bring his overall tally to five.

Total Prize fund rose by £9,500 to £52,500 (plus a £51,000 bonus for a nine-dart finish – not won) First round draw took place at the Lakeside on 5 November 1985.