The new league is currently scheduled to launch in the first quarter of 2013, and will adopt the format of traditional competitive gaming by way of regular regional tournaments and playoffs leading up to a Grand Finals.
The competitive season 2013 will offer a US$2.5 million (AU$2.4 million) prize pool.
Wargaming hoped the league would bridge the gap between the World of Tanks' gaming communities – which are currently separated by geographic boundaries – and unite them as a global eSports entity.
"Running our own eSports league allows us to truly focus on making World of Tanks not only a compelling and challenging eSports discipline, but also one that's incredibly entertaining for spectators," said Andrei Yarantsau, VP of Global Operations at Wargaming.
"Now we have a sustainable tool to broaden our global eSports involvement in an unprecedented way: stimulate the growth of the competitive community, organize bigger and better tournaments with larger prize pools than ever, and provide our best pro gamers with completely viable career opportunities."
World of Tanks made its first foray into eSports at the WCG 2012 Grand Finals in Kunshan, China.