Rockstar Games has released an all new update for "GTA 5 Online" this week. Called Tiny Racers, this bonus event allows hardcore gamers to get double RP and GTA$ for a limited period of time.

"GTA 5 Online" now features the Tiny Races mode that is now live as the newest update to arrive in the massively popular open world adventure title. The game developer confirmed the Tiny Racers update last week and is said to be an altered version of Stunt Races. 

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This new mode adds the top-down camera featured in the past GTA games. Only four players are allowed in races and those who get far behind in the race will be blown up. 

In the Tiny Racers, players who get into the race can grab power-ups along the race track like rockets and special vehicles. The latest update for "GTA 5 Online" is also offering a limited double RP and GTA$.

But there is another option for gamers to rack up cash to use in the game. They just need to log in to GTA Online until Monday, May 1. All players across the PlayStation 4, Xbox One and Microsoft Windows PC will be granted with free in-game cash.

Rockstar Games referred to it as "tax rebate". A GTA$ amounting to $425,000 will be deposited to the players' Maze Bank account sometime in May.

Moreover, players of "GTA 5 Online" has recently received another update that unlocked previously exclusive vehicles plus one weapon. Players will now be able to avail of these items through purchase options. The Adversary Mode, known as Land Grab, was also added in the game a couple of weeks ago.

In the next few weeks, players can also look forward to the addition of new maps and content creator tools. The Gun Running expansion is also underway as the final big update coming to "GTA 5 Online".