The event featured the top 16 players on the one-year ranking list as it stood after the Welsh Open.

Shaun Murphy won the 2023 event, defeating Ali Carter 10‍–‍4 in the final, but he failed to qualify for the 2024 edition.

The 2022 winner, Neil Robertson, and the reigning World Champion, Luca Brecel, also failed to qualify.

Players Championship debutant Zhang Anda reached his third ranking final of the season, and his career.

[4][5] The 2022 winner, Neil Robertson, and the reigning World Champion, Luca Brecel, also failed to qualify for the event, as they finished the Welsh Open ranked 68th and 39th respectively on the one-year list.

[5][6] The event was broadcast by ITV and ITVX in the UK; Eurosport and Discovery+ in Europe (excluding the UK and Ireland); Liaoning TV, Migu, and Huya in Mainland China; Now TV in Hong Kong; Astro SuperSport in Malaysia and Brunei; TrueVisions in Thailand; Sportcast in Taiwan; Premier Sports Network in the Philippines; Fastsports in Pakistan; and Matchroom.live in all other territories.

The breakdown of prize money for the event is shown below:[6] Unlike other events where the defending champion is seeded first, the reigning World Champion second, and the rest based on the world rankings, the qualification and seedings in the Players Series tournaments are determined by the one-year ranking list.

The below list shows the top-16 players with the most ranking points acquired during the 2023‍–‍24 season, as of after the 2024 Welsh Open:[5] The first-round matches were played from 19 to 21 February as the best of 11 frames.

[2] Facing two-time champion and top seed Judd Trump, Chris Wakelin opened the match with a century break of 120.

"[15] The fourth seed Gary Wilson, who had advanced to a career high of 12th in the world rankings after his Welsh Open victory the previous week, faced Hossein Vafaei, who made his second appearance at the tournament.

The scores were tied at 4‍–‍4, but Wilson won the next two frames, making a 95 break in the tenth, to secure a 6‍–‍4 victory.

The two had met twice previously in the 2023‍–‍24 season, with both matches ending in a deciding frame victory for O'Sullivan.

[19] Ali Carter, runner-up at the previous year's event, faced Tom Ford.

[15][20][21] Barry Hawkins, the winner of the 2014 event and runner-up in 2022, played four-time World Champion Mark Selby.

During the fifth frame, the cue ball was replaced by referee Leo Scullion, as both players agreed it was too light.

Trump narrowed the score to 4‍–‍5, however, Carter won frame ten on the last black, after a safety battle on the yellow, to secure a 6‍–‍4 victory.

O'Sullivan was leading the sixth after making a 58 break, but Selby potted a long red and went on to win the frame on the last black, for a 6‍–‍0 victory.

"[33] He added: "If you can't get up for playing Ronnie [O'Sullivan] with a full crowd, which he always brings, then you are in the wrong game.

Zhang won all four frames before the mid-session interval, making breaks of 129, 80, 69, and 84, to lead 4‍–‍0, Selby having only potted a single ball.

Zhang took the lead with a 50 break, and went on to win the frame after Selby missed a tricky brown into the middle pocket, claiming a 6‍–‍5 victory.

Zhang commented: "He's [Selby's] a top player and I needed to bring my best to win, which I did before the mid-session.

"[43] The final was contested between Allen and Zhang on 25 February as the best of 19 frames over two sessions, with Jan Verhaas officiating.

Zhang took the lead again at 4‍–‍3, but Allen won the eighth frame on the last black to leave the scores even at 4‍–‍4 at the end of the session.

Allen commented: "It was tough all day and with how well Zhang has played all week, I think I actually dragged him down a little bit.