The world number one edged out Peter Wright in a thrilling final to clinch victory in the inaugural staging of the event, following wins in the European Championship and Grand Slam of Darts.
van Gerwen saw off Robert Thornton, Raymond van Barneveld and Adrian Lewis with some brilliant darts to reach the decider, where he continued his sensational form.
Both players averaged over 106 in an exciting battle which saw van Gerwen take out crucial finishes of 170 and 129 before executing a superb 11-darter in the final leg to win 11-10.
“It feels amazing to also win this tournament and it’s a good feeling,” admitted van Gerwen, who took home a £30,000 first prize. “I had to play really well and I think this was a fantastic final, one of the best.
“Peter’s a fantastic player and sooner or later he’ll win a TV tournament, but I played well when I had to, especially at the end.
“The 129 was better than the 170 finish, but then the 180 afterwards was even better again because Peter put the pressure on me with a 140 at the start of the last leg, and I can see how strong I am when I need to be.
“The level at the moment is phenomenal and I’m really glad to be a part of that. I’m feeling great and I’m probably playing the best darts of my life.
“I want to win everything but it was a pleasure to play in this event and I think I deserved to win this trophy.”
van Gerwen bids to win a fourth televised title in five weeks when he heads to Minehead for the Players Championship finals, where he takes on Keegan Brown in round one on Friday.