It is the first time a women's edition of the competition has been included with the winner on May 4 receiving $200,000 (£161,000) with an additional $100,000 (£80,547) donated to a charity working to combat domestic violence.
Konta is now ranked as number seven in the world following her Miami Open win and will feature alongside seven other players including Maria Sharapova – the latter continuing her return from a drugs ban
Johanna Konta of Great Britain celebrates after winning match point during the women's singles final match against Caroline Wozniacki of Denmark on day thirteen of the 2017 Miami Open at Crandon Park Tennis Center on April 1, 2017
Image credit: AFP
"Tie-breaks provide so many pressure-filled moments and it will be fascinating to see who handles it best," said Konta, 25.
The men's tournament will run alongside the women's event and features US Open champion Stan Wawrinka and world number seven Kei Nishikori.