The 1974 Phonogram World Masters was the first major tournament on the BDO/WDF calendar for 1974. It took place from 31 August at the West Centre Hotel, Fulham. The tournament featured the best 60 players from around the world. 24 winners of major tournaments from the last year and an English qualifying round consisting of 36 players (2 from each county). The 36 County players played down to a last 8 before joining the 24 invitees to make the first round.